What is Lightning Network's Taro protocol?

With the investment, the California-based Lightning Labs plans to build out Taro, a protocol that, it hopes, will open Lightning Network to assets other than bitcoin, including stablecoins and fiat currencies.

What is taro and how does it work?

Taro enables both bitcoin and Lightning to be multi-asset networks. Users will be able to open Taro channels that plug in at the edges and interoperate with the existing Lightning Network.

Should you use stablecoins on the Lightning Network?

In talking to bitcoin and Lightning developers across the world, we've heard that users want to use stablecoins in the same way they're using bitcoin on the Lightning Network: instantly settled, low-fee, peer-to-peer transactions without financial intermediaries.

What's new in the Taro daemon?

Today we're excited to announce the alpha release of the Taro daemon, enabling developers to mint, send, and receive assets on the bitcoin blockchain.