Blockchain

Lightning Labs Publishes The First Taro Protocol Code

Lightning Labs announced the initial code for its new Taro protocol, which will allow users to issue and transfer assets on the bitcoin blockchain and Lightning.

Lightning Labs Publishes The First Taro Protocol Code

“With this release, we’re one step closer to bitcoinizing the dollar, and the global financial system!”

Lightning Labs wrote in Wednesday tweet

LL Publishes The First Taro Protocol Code

Taro will allow developers to “mint, send, and receive assets on the bitcoin blockchain”.

“In talking to bitcoin and Lightning developers across the world, we’ve heard that users want to use stablecoins in the same way they’re using bitcoin on the Lightning Network: instantly settled, low-fee, peer-to-peer transactions without financial intermediaries” Lightning Labs Product Growth Lead Michael Levin wrote in a blog post.

In April, the business introduced Taro, a Taproot-powered protocol. The coding for Bitcoin was updated last year with the introduction of Taproot.

Lightning Labs was established in 2016 and has received funding from CEOs of Robinhood and Square, Jack Dorsey and Evan Tenev, respectively, in a number of funding rounds.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Clanker Token Trading Volume Hits $59.8 Million High

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

5 minutes ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

28 minutes ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

57 minutes ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

3 hours ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

4 hours ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

4 hours ago

This website uses cookies.