Boost

Bitcoin

<div class="flex-shrink-0 flex flex-col relative items-end"> 
 <div> 
  <div class="pt-0"> 
   <div class="gizmo-bot-avatar flex h-8 w-8 items-center justify-center overflow-hidden rounded-full"> 
    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>This breakthrough allows assets to be minted on <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> and transferred instantly via the Lightning Network with minimal fees.</strong></h4> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The integration of Taproot Assets into the Lightning Network not only scales Bitcoin’s capabilities. Also, it enhances its role as a multi-asset platform, combining Bitcoin’s security and decentralization with advanced payment functionalities. Let’s see more about Taproot Assets.</p> 
<h5><strong>Taproot Assets Boost Bitcoin with Instant, Low-Cost Transfers</strong></h5> 
<p>With this release, the <a href="https://www.altcoinbuzz.io/?s=Lightning+Network" target="_blank" rel="noopener">Lightning Network</a> evolves into a global routing network for the Internet of Money. Users can now access a variety of currencies on an open, interoperable payments network, all while routing through Bitcoin’s liquidity. This development signifies a major step towards “bitcoinizing” not just Bitcoin itself but also the dollar and other global financial assets.</p> 
<p>According to its <a href="https://lightning.engineering/posts/2024-07-23-taproot-assets-LN/" target="_blank" rel="noopener">latest blog post</a>, for developers, the introduction of Taproot Assets on Lightning opens up a host of new possibilities. Builders can transition from on-chain development to offering users access to a wide array of assets on a global, low-fee payments network. This advancement is expected to greatly enhance user experience and broaden the scope of applications developers can create.</p> 
<p><img decoding="async" class="wp-image-146417 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfgfgf-300x226.png" alt="" width="533" height="402" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfgfgf-300x226.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfgfgf-80x60.png 80w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxfgfgf.png 395w" sizes="(max-width: 533px) 100vw, 533px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/lightning/status/1815768786752164213" target="_blank" rel="noopener">X</a></strong></h6> 
<p>One of the most significant aspects of Taproot Assets is its design, which allows asset issuers to leverage the existing network effects of the 5,400 BTC allocated to the Lightning Network. This eliminates the need for each asset issuer to establish its sub-network of liquidity and routing nodes. Instead, all issuers can benefit from the robust infrastructure already in place.</p> 
<p>In practical terms, developers can now open Lightning channels denominated in any unit of account of their choice, which will seamlessly integrate with the existing Lightning Network. This feature supports multi-asset transactions and further solidifies Bitcoin’s position as a central routing currency on a global scale.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<div class="youtube-embed" data-video_id="s2DE1IfMeSw">
 <iframe title="SOLID Reasons WHY Solana SOL Is Heading to the Moon! INJ HNT Pump" width="696" height="392" src="https://www.youtube.com/embed/s2DE1IfMeSw?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/lightning-labs-launches-taproot-assets-first-multi-asset-protocol/">Lightning Labs Launches Taproot Assets, First Multi-Asset Protocol</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Lightning Labs Launches Taproot Assets, First Multi-Asset Protocol

Altcoin Buzz

Andere artikelen gepubliceerd op 24 jul 2024

The Rise of Cosmos and Aave No Match for Rollblock: Superior Security Potential 100x Returns Stea...

Experts Predict Ethereum ETF Trends

Dogecoin traders should be on the lookout for THIS support level

Coinbase Announces a Hot Move Similar to BlackRock’s Cryptocurrency Fund

Meme to Mainstream Battle Heats Up – What WW3 Shiba’s Presale Success Means for Future Investors

Solend Rebrands to Save and Expands Innovative Product Offerings

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!