Lightning Network expands to 3000 nodes, capacity approaches 100 BTC
Lightning Network continues its rapid expansion as it passes 3000 nodes on the mainnet network. Data from monitoring resource 1ml.com confirms that Lightning Network’s capacity has increased 85% in the past 30 hnub, bringing mainnet Lightning’s total funds to 97 BTC ($628,000).
Lightning had originally debuted around the start of 2018 in its mainnet form, with growth accelerating through Q2. In May 2018, capacity had remained relatively low at just 18 BTC, before a dramatic increase began in July 2018.
Study by Yale economist says all portfolios should hold Bitcoin
According to Professor Aleh Tsyvinski, Bitcoin should be an integral part of a portfolio, regardless of whether someone is enthusiastic about the cryptocurrency or not. For the optimal construction of one’s portfolio, the economist says Bitcoin should account for at least 6%. Those who are less enthusiastic about the world’s most popular cryptocurrency, should hold 4%. Regardless of someone’s position on the matter, Bitcoin should comprise a minimum of 1% of a portfolio, for diversification purposes.
The study titled, Risks and Returns of Cryptocurrencies, also outlines a uniquely positive feature of cryptocurrencies when compared to traditional stocks and bonds. Using Sharpe’s ratio, Tsyvinski demonstrated that digital currencies show higher potential for return, despite their increased volatility. Also, the study concluded that momentum and investor attention are key drivers of price.
Kraken Daily Market Report for 07.08.2018
KRAKEN DIGITAL ASSET EXCHANGE
$117M traded across all markets today
Crypto, EUR, USD, JPY, CAD, GBP
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