Primecoin

Lightning Labs, a Bitcoin 26,057 software business, and Tari Labs, a blockchain startup, have agreed to convert a court-ordered temporary restraining order that has halted the development of Lightning&#39;s Taro protocol.Lightning and Tari&#39;s attorneys requested modifying the restraining order to a preliminary injunction — a temporary order that restricts a party from conducting specific acts — in a March 15 filing. The change of the order to a preliminary injunction would halt the protocol&#39;s development until a judicial ruling is made.The two companies agreed that Lightning would not produce Taro protocol upgrades, would not combine internal updates with the protocol&#39;s public-facing open-source code, and would not be able to publish or otherwise launch &#34;the next step or&#39;milestone&#39; of the TARO protocol.&#34;Lightning was allowed to reply to communications from non-Lightning developers and users as long as the conversations did not enhance Taro&#39;s development.It might also refer to Taro as the &#34;previous name of the protocol&#34; in announcements about renaming the protocol, as long as it wasn&#39;t &#34;confusingly similar&#34; to Taro or Tari.Tari Labs filed the temporary restraining order on March 13 after claiming that the word &#34;Taro&#34; infringed on its trademark rights since it was too close to its own protocol entitled &#34;Tari&#34; — a registered trademark in the United States.As a result, Lightning Labs has been unable to make Any protocol upgrades or changes.Tari Labs originally filed a trademark infringement action against Lightning Labs on December 8, stating that both companies &#34;operate in the same digital blockchain environment&#34; and offer similar, &#34;in some cases identical,&#34; services.Both companies &#34;market to comparable developers and users and appear on the same blockchain platforms,&#34; according to Tari.The restraining order sparked outrage on Twitter. Tari Labs co-founder Riccardo Spagni defended the lawsuit in a March 15 tweet, claiming that the letters &#34;I&#34; and &#34;O&#34; on a computer keyboard are near enough together to cause misunderstanding and that Tari offered to support Taro&#39;s rebranding a year ago. Skype co-founder Naveen Jain justified the action in the same way, saying that &#34;it&#39;s hard to label anything &#39;frivolous&#39; when a judge imposes a temporary restraining order in your favor.&#34;Lightning Labs creates software for the Lightning Network, a Layer 2 solution for the Bitcoin blockchain that enables for cheaper and quicker transactions than the base layer. The Taro protocol, launched on April 5 as part of a $70 million fundraising round, intends to build on Bitcoin&#39;s Taproot update and allow stablecoins to be exchanged over the Lightning Network.

Lightning Labs and Tari agree to convert restraining order in trademark suit

ItsBitcoinWorld

Egyéb ezen a dátumon (2023. márc. 17.) megosztott cikkek

Binance Smart Chain Audits: All You Need To Know

Updates on MYRTLE Tokenomics Completed

How to Play and Win: Trouble Punk

Kaspa Listed on DigiFinex

Kindly’s Audit & Compliance Process

HorseaFi × Certik Skynet & Audited

Join our free newsletter for daily crypto updates!