The Lobitcoin project was embarked on with the sole purpose of building on an existing but slightly flawed system while yet carving out new paths in the world of cryptocurrency. Lobitcoin is a decentralized cryptocurrency that is commission-free and is built on an open source peer-to-peer electronic cash system. Transactions done using lobitcoin are executed without the help of a central server or trusted parties. Lobitcoin is a hard fork of the litecoin cryptocurrency and is built on the litecoin blockchain. It was created bearing in mind the present problems facing cryptocurrencies which include; transaction time and fee, privacy, central parties, micropayments etcetera.
Lobitcoin is used for payment transactions such as buying and paying for goods bought. The development team has been working round the clock securing, partnerships, deals, game integrations and merchant collaborations. Lobitcoin game integration is particularly exciting, LBT will be integrated into and be part of popular crypto games, mobile and PC games that accept cryptocurrencies as forms of payments for online game purchases. A Lobit exchange platform with lobitcoin as its base currency will also be built in the future.
Many of the lobitcoin collaborations will be announced pre-launch and others post-launch. Keeping up with the different announcement channels and community channels for lobitcoin is essential as information and updates of immense importance will be made known as the project goes forward. A proper look at the road map of this project shows the plan and direction that the lobitcoin team is working with.
Attention. There is a risk that unverified members are not actually members of the team
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