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Bitcoin (BTC) coroners have taken away, perhaps, a more efficient way to carve new assets from the blockchain after Lightning Labs released an updated version of the Taproot Assets Protocol, which recently changed the brand.
On May 16, the Lightning Network company, which deals with infrastructure, criticized the flow methods, for the help of which assets fit into the bitcoin blockchain, calling them “particularly effective”, and pointed out on bulky protocols, how to record the metadata of assets “right in the open block “.
Today we’re excited to announce the newest version of Taproot Assets , a scalable protocol to issue assets on #bitcoin and Lightning.
With this release, developers have the core set of features to bitcoinize the dollar in a chain-efficient manner! ⛓️https://t.co/7WmeDjNnM2
— Lightning Labs⚡️ (@lightning) May 16, 2023
The Taproot asset protocol was broken up for the robot “as close as possible” to avoid the overwhelm of the measure, as it became an unacceptable characteristic of the bitcoin measure from the moment the BRC-20 token standard was created by the anonymous retailer “Domo” 8 birch..
Lightning Labs said that it would be possible for those who were able to implement the protocol to integrate the BRC-20 assets in the Lightning Network network from the transferred hamants, exchanges and sellers in order to “take over the new ecosystem” from scratch.
Domo previously stated that the Taproot Assets Protocol is full of “shortcuts” for carving new assets on bitcoins, compared with already well-established methods such as JavaScript Object Notation (JSON), shards of wines allow cores to easily migrate to Lightning for “switches and cheap operations”.
The greater number of BRC-20 tokens that have been created before this hour is more important, to win the order of JSON data records for the breakdown of contract tokens, the carburation of tokens and their transfers.
This method called for widespread criticism from the side of the retailers, yakі stverdzhuyut, scho koshtuє in chotir times more commissions for transactions, nizh yakbi stink just vikoristovuvali dvіykovy code.
Taproot Assets Protocol is a branded version of the original Taro protocol. Lightning Labs was embarrassed to change the name of the software after what she called a “non-serious” call about the destruction of trademark rights, we will sue the company against them for the Tari Labs blockchain on December 8th.
Behind the topic: Ordinals and BRC-20 call for a few months, even the CEO of JAN3
On January 9, the massive price of BRC-20 tokens recently exceeded the mark of 1 billion dollars, but then it quickly dropped to 500 million dollars, which could be a 50% drop.
