Lightning Labs Launches Taproot Assets Mainnet to ‘Bitcoinize the Dollar’
Through Taproot Assets, Lightning Labs is bringing stablecoins to Bitcoin and Bitcoinizing traditional assets including the dollar.
Through Taproot Assets, Lightning Labs is bringing stablecoins to Bitcoin and Bitcoinizing traditional assets including the dollar.
Lightning Labs said that the new tools will make Bitcoin transactions faster, cheaper, and more accessible to AI developers.
With the new software, developers can now mint, send, or receive assets on the Bitcoin blockchain.
The new Taro protocol basically is an infrastructure that enables the movement of assets over Lightning, be it stablecoins or other assets.
CEO Lightning Labs Elizabeth Stark announced that the company has raised $10 million to further develop their project and scale the developer ecosystem. The tech company also launched its flagship product Beta Loop after a series of testing.
Currently, Lightning Labs’ new desktop app, allowing for easy Bitcoin transactions, works on MacOS, Windows, and Linux devices, with applications for mobile devices already being planned.
#WeAreAllHodlonaut, a crowdfunding campaign to support Hodlonaut’s legal battle against Craig Wright, has already raised around $30,000 from 1,000 backers.
Lightning Labs has announced alpha release of Lightning Loop aimed to imrove the efficiency, scalability, and usability of Lightning.
Many prominent personalities and Bitcoin enthusiasts have recently proposed Elon Musk to take keep the fire going for the ongoing Lightning Torch experiment. Musk has yet to respond.
As a part of the integration, Dorsey and the team behind the app are considering enabling users to auto-buy Bitcoin with savings from Cash App’s boost feature.