Lightning Labs Explains How Their Taro Protocol Will ‘Bitcoinize the Dollar’

Earlier this week, Ryan Gentry, Business Development Lead at Lightning Labs, announced “Taro, a new Taproot-powered protocol for issuing assets on the bitcoin blockchain that can be transferred over the Lightning Network for instant, high volume, low fee transactions.”

Lightning Labs, which was founded in 2016 by Elizabeth Stark (CEO) and Olaoluwa Osuntokun (CTO), is a blockchain startup that is trying to bring Bitcoin to the masses by supporting the growth of the Lightning Network. You could say that it is building “the next generation Lightning-based financial infrastructure.” It currently offers the following four products:

  • Pool, which “connects users who need access to bitcoin liquidity to those who have capital to deploy on the Lightning Network.”
  • Loop, which is “intended to help users, businesses, and routing node operators keep their channels open indefinitely by using non-custodial Bitcoin…

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