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

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Lightning Labs Rolls Out 'Taproot Assets,' to Make Bitcoin 'Multi-Asset' Network
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Jamie Crawley is a CoinDesk news reporter based in London.

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,Lightning Labs' aim is to see foreign exchange transactions settled over the Lightning network. The firm claims that the ability to add stablecoins to their applications is one of the major requests they get from developers.

The challenge for Taproot Assets will lie in meeting this demand, while avoiding congestion on the Bitcoin network of the like The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

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