If we do the research, you can get alpha!
Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!
Go to Alpha Report
bitcoin developer lightning network The protocols designed to enable it were tested. stablecoin Scheduled to be published in Bitcoin Blockchain CEO said:
speech at Financial Times Speaking at the Crypto and Digital Assets Summit this week, Lightning Labs CEO Elizabeth Stark said the developer recently ran a test transaction on the Lightning Network with assets created using the Taproot Assets protocol.
“We released the initial part of the code in October and actually demonstrated the first transaction of an asset on Lightning last Thursday,” said Stark. “The idea is to put cryptocurrencies and stablecoins on the Bitcoin blockchain,” she explained.
“I care deeply about solving real problems for real people, not meme coins or gambling,” said Stark. “The ability to deploy stablecoins and other assets on top of Bitcoin will “catalyze new use cases and He added that it will attract more people to the Bitcoin market, “the internet of money and digital assets.”
Stark also highlighted that “many builders are coming back to blockchain” and that developer interest in Bitcoin has halved. She pointed to developers building decentralized finance (DeFi) In addition to Bitcoin, there are also projects like bitVM that allow developers to build Turing-complete Bitcoin contracts.
Eliminate “ideas that cross borders”
Lightning Labs’ technology is designed to “eliminate the idea of borders and allow people to transact globally,” Stark said.
“The concept of cross-border payments is something we hear a lot about,” she said, adding, “Why do we call it ‘cross-border payments’ anymore? We don’t have emails crossing borders. We don’t have text messages crossing borders. “
“You don’t have to pay any fees to send images to your friends around the world. Value and money on the internet should work the same,” she continued.
As Stark pointed out in a recent IMF report: Bitcoin “It has become an increasingly important channel for sending remittances and evading capital controls in emerging markets.”
She said the findings “come as no surprise to those of us who work with developers and communities in the area.” In markets affected by hyperinflation and authoritarian regimes, “Bitcoin becomes an asset and a means of exchange when there are no other options,” she said.
Edited by Ryan Ozawa.
