Cryptocurrencies market cap exceeded $200B

In less than a year the market of crypto-currency grew more than tenfold; continue reading to learn more
03 November 2017   2827

At the moment of press, overall marketcap of cryptocoins, that are represented at Coinmarketcap, reached $200,849,000,000. 

Total Market Capitalization
Total Market Capitalization

The overall growth of the market is largely due to the recent sudden rise in the bitcoin price above $ 7000, the capitalization of which has already exceeded $ 120B. At that, the index of dominance of the first crypto currency is 61.2%. This means that the demand for bitcoin is higher than for all other cryptocoins combined.

Percentage of Total Market Capitalization (Dominance)
Percentage of Total Market Capitalization (Dominance)

Also, many altcoins are now showing growth, adjusting up after a deep dump. Among the top 10 caps on the Coinmarketcap rating, Bitcoin Cash continues to be the growth leader (+ 16% for the day and + 87% for the last 7 days).

Top ten cryptocurrencies
Top ten cryptocurrencies

The total daily trading volume of crypto-currencies also reached record values ($ 9.4 billion).

It should also be noted that at the beginning of this year, the market capitalization of the cryptocurrency hardly exceeded the level of $ 18 billion. Consequently, in less than a year the market of cryptocurrencies grew more than tenfold.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   148

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.