Frequently Asked Questions
What is Bitcoin Lvx?
Bitcoin Lvx is peer-to-peer digital money.
What is the ticker symbol for Bitcoin Lvx?
Bitcoin Lvx is represented by the ticker symbol BVX.
What does Bitcoin Lvx Mean?
LVX (LUX) is the Latin word for Light. Bitcoin Lvx literally means Bitcoin Light.
What is the difference between Bitcoin Lvx and Bitcoin?
Although Bitcoin Lvx is the continuation of the Bitcoin project, it is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules.
If I own Bitcoin, do I automatically own Bitcoin Lvx too?
Anyone who held Bitcoin at the time Bitcoin Lvx was created became owners of Bitcoin Lvx. Bitcoin holders as of block 521173 (May 4, 2018 about 13:00 UTC) have the same amount of Bitcoin Lvx as they had Bitcoin at that time.
Any transactions after the May 4 ledger split are completely separate between Bitcoin and Bitcoin Lvx. This means any Bitcoin acquired after the split does not include any Bitcoin Lvx, and any Bitcoin Lvx does not include any Bitcoin.
How is transaction replay being handled between the new and the old blockchain?
Bitcoin Lvx transactions use a new signature hashing algorithm that are not valid on the Bitcoin Legacy network. This prevents Bitcoin Lvx transactions from being replayed on the Bitcoin blockchain and vice versa.
Was it necessary to fork Bitcoin?
Yes mainly to increase the number of transactions per seconds from 3 to 30 per block, bringing the total number of transactions per minute to 1,800 and per block, in order to make Bitcoin spendable on the one hand; to minimize volatility; and to return to CPU mining that is energy efficient and can be carried out from any computer.
Which Development Team is In Charge of Bitcoin Lvx?
Development of Bitcoin Lvx is currently taken care by a dedicated team provided by Puut A/S, the company behind Puut Wallet
I had some Bitcoin at the time Bitcoin Lvx was created, when and where can I get my Bitcoin Lvx?
Bitcoin owners will be able to claim their Bitcoin Lvx on 1:1 basis starting from September 13, 2018 13.00 UTC.
How was Bitcoin Lvx value established?
The value of Bitcoin Lvx was established on the fork date (May 4, 2018 13.00 UTC) to 4795,15 Euro for 1BVX.
Where can I download Bitcoinlvx fullnode?
Bitcoin lvx is provided as an API exposing core functionality and allowing external applications to interact with the network.
Can I mine Bitcoin Lvx?
Bitcoin Lvx isn’t mineable at this point.
Is Bitcoin Lvx using satoshi as a unit?
No Bitcoin Lvx uses lvxbit which is currently the smallest unit of the bitcoinlvx currency recorded on the chain. It is a one hundred millionth of a single bitcoinlvx (0.00000001 BVX).