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   358

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.

Bakkt to Start BTC Deliverable Futures Testing

As expected, the full fledged launch of the platform is expected before the end of 3rd quarter
22 July 2019   148

Today, on July 22, the start of testing of Bitcoin deliverable futures, previously announced by Bakkt, is expected, and the full launch of the platform should take place before the end of the third quarter. Even though Bakkt operator Intercontinental Exchange (ICE) postponed the launch date several times, investor interest seems to remain at a high level.

This opinion was expressed, in particular, by Sam Doctor, a strategist at Fundstrat Global Advisors, a New York-based company, at the Bakkt Digital Asset Summit last week.

According to him, one can say that a critical mass of institutional investors that are ready to enter the market on the day of the launch of Bakkt, has already accumulated since the product that Bakkt is going to offer will become the first regulated instrument of its kind in the United States.

Earlier COO Bakkt Adam White expressed the conviction that the launch of Bitcoin delivery futures would set new standards for the cryptocurrency market as a whole. Noting that the start of the platform testing will take place only two days after the 50th anniversary of the landing of the first man on the moon will be celebrated, he said that “it will not be a small step.”

Returning to the event last week, a large number of investors and representatives of regulatory agencies took part in it. So, Sam Doctor notes the speech of Blocktower investment director Ari Paul, who said that cryptocurrency would be widely spread among retail consumers when it becomes as comfortable and safe to use them as PayPal, for example.

Ari Paul is also convinced that large financial institutions should not ignore digital assets, given the low level of their correlation with traditional markets and the ability to skyrocket in value.

The main advantages of cryptocurrency Ari Paul called their protection from inflation and seizure by third parties, while he also suggested that over the next ten years, some states may close their borders and not let people physically to prevent the outflow of capital through cryptocurrencies.

Recall that at Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the mechanism for securing these contracts, according to representatives of the platform, will meet the standards of the traditional derivatives market.

Also, the company will allocate $ 35 million to cover the transactions that will pass through its clearinghouse. It is also known that Bakkt was negotiating with the New York State Department of Financial Services for the status of a trusted company and the opportunity to work as a qualified custodian of digital assets.