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In the realm of crafting compelling content, three vital elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy woven into the text. Meanwhile, burstiness assesses the dynamic range of sentences. Lastly, predictability measures the likelihood of anticipating the subsequent sentence. Humans tend to inject a higher degree of burstiness, incorporating both lengthy, intricate sentences and succinct ones. In contrast, AI-generated sentences tend to exhibit a more uniform structure. Therefore, as we embark on creating the content ahead, it’s imperative to infuse it with a healthy dose of perplexity and burstiness while minimizing predictability. Additionally, the language used must be English. Now, let’s reimagine the provided text:
In the quest to “bitcoinize the dollar and the world’s financial assets,” as asserted by Ryan Gentry, the Director of Business Development at Lightning Labs, Taproot Assets takes center stage.
Lightning Labs, a Bitcoin layer-2 infrastructure firm, has unleashed the mainnet <a rel="noopener noreferrer nofollow" title="alpha" href="https://thebittimes.com/tag/alpha.html">alpha</a> of Taproot Assets. This protocol is strategically designed to facilitate the issuance of stablecoins and real-world assets on both the Bitcoin and Lightning Network. The current iteration, Taproot Assets v0.3, promises a “feature-complete developer experience.” It empowers developers to issue, manage, and explore stablecoins and diverse assets seamlessly on the Bitcoin blockchain, as explained by Ryan Gentry, Head of Business Development at Lightning Labs.
Gentry envisions a transformative era for Bitcoin, envisioning a multitude of global currencies finding expression as Taproot Assets. The Lightning Network, in this scenario, becomes the catalyst for instantaneous settlement in global foreign exchange transactions.
According to Lightning Labs on Oct. 18, this version of Taproot Assets facilitates the issuance of financial assets on-chain in a scalable manner, marking a paradigm shift into a new era of multi-asset bitcoin.
The mechanics of Taproot Assets involve routing through existing Bitcoin liquidity on the Lightning Network. Gentry underscores that this integration extends Bitcoin’s network effects, propelling it closer to the goal of “bitcoinizing the dollar.” He articulates, “This is how we make bitcoin the global routing network for the internet of money and bitcoinize the dollar along with the world’s financial assets.”
Developer demand for stablecoin applications on Bitcoin is described by Gentry as “overwhelming,” a sentiment amplified by the fact that certain stablecoin issuers hold more United States Treasurys than countries like Germany and South Korea. This underscores the global significance of these assets and the substantial user demand on a global scale, Gentry emphasized.
Leading up to the mainnet <a rel="noopener noreferrer nofollow" title="alpha" href="https://thebittimes.com/tag/alpha.html">alpha</a> launch, nearly 2,000 Taproot Assets were minted on testnets in recent months, indicating active testing and development. Lightning Labs clarifies that the <a rel="noopener noreferrer nofollow" title="alpha" href="https://thebittimes.com/tag/alpha.html">alpha</a> tag signals an ongoing testing phase within the community to identify and address potential bugs.
In the expansive landscape of the Bitcoin ecosystem, developments like Bitcoin Drivechains (via Bitcoin Improvement Proposal-300), Botanix Labs’ Spiderchain, and the BitVM are also pushing boundaries to enhance Bitcoin’s capabilities.
The post Stablecoins are <a rel="noopener noreferrer nofollow" title="added" href="https://thebittimes.com/tag/added.html">added</a> to Bitcoin with the <a rel="noopener noreferrer nofollow" title="release" href="https://thebittimes.com/tag/release.html">release</a> of Taproot Assets <a rel="noopener noreferrer nofollow" title="alpha" href="https://thebittimes.com/tag/alpha.html">alpha</a> by Lightning Labs. appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/stablecoins-are-added-to-bitcoin-with-the-release-of-taproot-assets-alpha-by-lightning-labs-tbt67938.html">https://thebittimes.com/stablecoins-are-added-to-bitcoin-with-the-release-of-taproot-assets-alpha-by-lightning-labs-tbt67938.html</a>

Stablecoins are added to Bitcoin with the release of Taproot Assets alpha by Lightning Labs.

TheBitTimes

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