LTBCoin is a crypto token that doesn’t get much mention these days. But it was one of the first
built on top of Bitcoin.
Launched in 2014, it was built using a system called Counterparty, that allowed tokens to sit atop Bitcoin. LTBCoin then provided members with network-wide rewards and discounts, to be used for tipping and other transactions between users inside and outside the community marketplace. It wasn't a million miles away from the modern-day Lightning Network.
While it didn't perform mining operations in the way a lot of modern-day tokens do, it distributed tokens to members of the network according to a fixed schedule.
Its creator, Adam B Levine, spoke to us in the latest episode of our podcast about the struggles of building on early technology and what entrepreneurs can learn from the experience.