"A taproot powered protocol for issuing assets on the Bitcoin that can be transferred over the Lightning Network. Taro enables the Lightning Network to move to a multi-asset network with Bitcoin at it's core."
If it passes the peer evaluation test – can bring the usecase of releasing and moving digital properties that aren't bitcoin UTXOs to the LNP/BP stack. If Taro has the ability to do this, it renders all of the completing altcoin stories outdated over night.
"I like the high utility-to-speculation ratio in the bitcoin ecosystem, this idea included. Many alts focus on token speculation, whereas much in the bitcoin space is focused on security, wallets, payments, etc." – Lynn Alden
BREAKING: Lightning Labs raises $70 MILLION to develop a stablecoin and possession procedure on Bitcoin.
sent by /u/fplfreakaaro