Cointime

Cointime

Download App
iOS & Android
Home / Projects

Lightning Labs Enables Stablecoins and Other Financial Assets on Bitcoin via Taproot Assets

Lightning Labs has released "Taproot Assets" on the Bitcoin blockchain, allowing for the issuance of stablecoins and other financial assets built atop Bitcoin via the Lightning Network. The new set of developer tools will enable Bitcoin to become a multi-asset network, taking the protocol to the next financial level. Lightning Labs Director of Business Development Ryan Gentry believes that Taproot Assets will provide a "decentralizing force" to the Lightning Network, shifting more of the world's transactional volume to the Lightning Network and "Bitcoinizing the dollar and the world's financial assets." The release of Taproot Assets has been cheered on by prominent members of the crypto community.

Bitcoin Bitcoin $92,180.40
-3.22%
Bitcoin Layer2 Lightning Network
Comments

All Comments

Recommended for you

  • Coinbase International has launched COW perpetual contracts

     Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available.

  • Binance will delist GFT, IRIS, KEY, OAX, and REN

     Binance will delist the following trading pairs on December 10, 2024: GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Additionally, Binance Futures will close all positions and automatically settle the KEYUSDT and RENUSDT USDⓈ-M perpetual contracts on December 3, 2024 at 09:00 (UTC). After the settlement is completed, the contracts will be delisted.

  • XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

    On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).

  • Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

     Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).

  • Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

    According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.

  • The country's first digital RMB-based intellectual property securitization product was successfully issued

    "Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.

  • APT breaks through $9.5

    market showed that APT broke through $9.5 and is now reporting at $9.51, with a 24-hour drop of 4.04%. The market is volatile, so please be prepared for risk control.

  • BTC falls below $72,000

    the market shows BTC has fallen below $72,000, currently trading at $71,959.7 with a 24-hour increase of 0.69%. The market is volatile, please be prepared for risk control.
  • Cointime精选 ·

    Exploring the Frontier of Bitcoin Layer 2s: Unlocking BTC's Full Potential

    Will Bitcoin L2s be Bitcoin's DeFi summer?
    Exploring the Frontier of Bitcoin Layer 2s: Unlocking BTC's Full Potential

  • Bitcoin Layer 2 Project Bitlayer Launches $50 Million Ecosystem Incentive Program

    Bitlayer, a Bitcoin Layer2 infrastructure project based on the BitVM paradigm, announced the launch of a $50 million ecological incentive plan to promote the development of its mainnet ecosystem. The first phase of the incentive program, named "Ready Player One," will begin registration at 09:00 UTC on March 29th, 2024 and end at 09:00 UTC on April 29th, 2024, and will officially start after the Bitlayer mainnet is launched. Specific rules and reward allocation guidelines for the event will be disclosed in subsequent announcements. Through the "Ready Player One" and other ecological incentive plans, Bitlayer aims to accelerate ecosystem development and incentivize projects to deploy on the Bitlayer mainnet. In addition, Bitlayer promises comprehensive ecosystem support for all projects, including potential foundation and institutional investment, initial liquidity support, comprehensive product development resources, guidance and investment opportunities from top incubators, support from the Bitcoin community and OGs, ecosystem cooperation, and co-creation.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company