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How Bitcoin Taro Protocol Works

Lightning Labs has launched a brand new protocol proposal for Bitcoin and the Lightning Network, Taro, which seeks to carry new use circumstances to the community. The firm has printed a series of draft Bitcoin Improvement Proposals (BIPs) and it is asking for neighborhood suggestions on the proposed design.

Taro seeks to allow the issuance of property and collectibles, which are the protocol’s type of non-fungible property, on Bitcoin in addition to their switch on Lightning in a non-public and safe method with out bloating the blockchain. To accomplish that, it plans to leverage the protocol’s newest improve, Taproot.

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