Lightning Labs Tests Stablecoin Adoption on Bitcoin Blockchain = Report

The post Lightning Lab conducts testing of stable coin introduction to Bitcoin blockchain=report appeared on BitcoinEthereumNews.com.

Test of introducing stable coins into Bitcoin = Report Lightning Labs, which develops Bitcoin’s Lightning Network (LN), conducted a test of introducing stable coins into the Bitcoin blockchain. , media ‘Decrypt’ reported on May 10th. According to the press, the test will run test transactions on the Lightning Network for assets created using Taproot Assets, a protocol that allows the issuance of various assets on the Bitcoin blockchain. That I did it. Additionally, this is being reported based on a lecture given by Lightning Lab CEO Elizabeth Stark at the “Crypto and Digital Assets Summit,” a conference held by the Financial Times. In his lecture, Mr. Stark explained, “The idea is to place the cryptocurrency dollar and stablecoin on the Bitcoin blockchain.” Lightning Network is an off-chain scaling solution for the Bitcoin blockchain. It is a technology that improves BTC payment speed, small payments (micropayments), and realizes low remittance fees through off-chain transactions outside the blockchain. Also, “Tap Root Assets” is a protocol that was previously under development under the name “Taro.” Lightning Lab announced it in October last year. This protocol is built on “Taproot”, a soft upgrade of the Bitcoin protocol. Related News Bitcoin releases ‘Taproot Assets’ on multi-asset network, making it possible to issue stable coins Development tools released www.neweconomy.jp/posts/389570