Lightning Labs Launch Taproot Asset for Bitcoin and Lightning Network

[cryptoupdate]

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.

 

[AndreaFraser]

Exciting news about the Taproot Assets mainnet alpha launch!

 

[BeagleTweet]

It's great to see Lightning Labs pushing the envelope in the world of Bitcoin and the Lightning Network. This development opens up a world of possibilities for issuing and managing assets on the Bitcoin blockchain.

The fact that it's driven by developer demand for stablecoin applications on Bitcoin is a testament to how rapidly this space is evolving. It's a significant step towards Bitcoin becoming a global routing network for financial assets.

By the way, if you're exploring these new horizons, consider looking into an MPC wallet for added security in this dynamic crypto landscape. It's all part of the exciting journey in the world of digital assets!