In this video, I discuss Bitcoin’s layered approach to new money, and how Taproot and Taro allow more functionality that will increasingly render altcoins worthless. Taro will allow stablecoins, NFTs, wrapped altcoins, and other assets to be issued on the Bitcoin blockchain. And then moved incredibly quickly and cheaply over the Lightning Network. Your altcoin […]
Lightning Labs Co-founder and CTO Olaoluwa Osuntokun, also known on social media as “roasbeef,” shares insights into the Lightning Network’s latest Taproot-powered “Taro” protocol aiming to bring stablecoins to Bitcoin. Plus, a wider conversation on Lightning Network’s use cases and adoption.
Taro is a new protocol and proposal by the Lightning Labs team for creation of stablecoins or other assets that can be built into the existing Bitcoin/Lightning network. We chat about how it works and what it could mean for Bitcoin. – How Taro works – Prior efforts e.g. coloured coins, Counterparty, RGB – Benefits […]
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