Lightning Labs Launch Taproot Asset for Bitcoin and Lightning Network

[coingabbarmarket]

Taproot Asset for Bitcoin and Lightning Network Launched
Lightning Labs has launched the Taproot Assets mainnet alpha, enabling the issuance of stablecoins and assets on the Bitcoin and Lightning Network. Taproot Assets v0.3, facilitates issuing and managing assets on the Bitcoin blockchain, promoting multi-asset use. The integration utilises existing Bitcoin liquidity on the Lightning Network, broadening Bitcoin's network effects. It responds to strong developer demand for stablecoin applications on Bitcoin, with thousands of Taproot Assets minted on testnets. While an alpha release indicates ongoing development and testing, it's a significant step toward making Bitcoin a global routing network for financial assets.

[cryptoworld1]

Lightning Labs Rolls Out 'Taproot Assets,' to Make Bitcoin 'Multi-Asset' Network


Bitcoin layer-2 infrastructure developer Lightning Labs has released its Taproot Assets protocol on the main network, enabling the issuance of stablecoins and other assets on Bitcoin and Lightning.
Taproot Assets will give developers "the tools needed to make Bitcoin a multi-asset network, but in a scalable manner that upholds Bitcoin's core values," Ryan Gentry, director of development at Lightning Labs, wrote in a blog post Wednesday.

For More here https://www.coindesk.com/tech/2023/10/18/lightning-labs-rolls-out-taproot-assets-to-make-bitcoin-multi-asset-network/#:~:text=Bitcoin%20layer%2D2%20infrastructure%20developer,assets%20on%20Bitcoin%20and%20Lightning.

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