The release of Lightning Labs' Lightning-native Taproot Assets protocol is considered a consecration to the phenomenon of bringing financial assets and alternative currencies to Bitcoin.
Advocates of Taproot Assets protocol claim superiority in scalability and security over more naive protocols like BRC-20 or Runes, positioning it as a strong contender to bridge the gap between the dollar economy and Bitcoin.
Taproot Assets' ability to open channels denominated in various units of account on the Lightning Network infrastructure offers a promising solution to the complexity and risk associated with cross-chain bridges.
Lightning Labs team sees Taproot Assets as an avenue to unlock the next phase of Bitcoin technical innovation by leveraging Lightning's advantage as an interoperability layer.
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