Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
La empresa detrás de la Lightning Network presentó un nuevo protocolo llamado Taro diseñado para llevar stablecoins por primera vez a la red Bitcoin.
The network Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. could soon house stable currencies, if the company’s plans Lightning Labs are moving forward successfully.
Lightning Labs the company focused on the development of Bitcoin on Tuesday unveiled a new protocol designed to expand the range of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets that support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. Lightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time. (LN), the second-layer scalability solution that speeds up transactions based on the Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. de Bitcoin .
The company’s co-founder and CEO, Elizabeth Stark, unveiled the plans after closing a round of investment in which she Lightning Labs raised $70 million. The funding series was directed by Valor Equity equity is the funds that would be returned to a company's shareholders if all of the company's assets were dissolved and all debts were paid off in the event of liquidation. Partners y contó con la participación de Baillie Gifford, el director ejecutivo de Robinhood , Vlad Tenev, Goldcrest Capital capital is most commonly defined as the large sum of money you would use to invest. and others.
Taro a protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. to bring stablecoins to Bitcoin
Referred to as Taro the new protocol aims to enhance the functionality of Bitcoin y permitir el uso de monedas estables en Lightning Network . Taro will be possible thanks to Taproot an update to the code the action of coding is to write programming statements for a program. of Bitcoin which is activated last year .
As you remember CoinDesk , Taproot taproot is an instantiation of a soft fork for Bitcoin, intended to both improve privacy and improve other aspects tied to more complex transactions. presented three updates: signatures Schnorr , Tapscript y Merkelized Abstract abstract is something that exists in thought as an idea. Syntax Trees (MAST). The upgrade provides efficiency, privacy, and flexibility gains gains refer to an increase in value or profit. to Bitcoin but only if developers integrate it into the tools for users. According to the media, Taro represents what might be possible when Taproot “ gets to work “.
Unlike a stable currency currency is a medium of exchange that defines value. for the network Bitcoin , Taro will offer developers the infrastructure to enable transactions with assets such as stablecoins on that network. Developers will then be able to test this potential when they build projects using Taro . In the future, this could mean that LN-based applications, such as Strike allow the use of stablecoins .
For Stark, this breakthrough could represent a major adoption, both for Bitcoin, as well as for stablecoins, by unbanked unbanked refers to those that are either unable to access banking services, or choose not to. individuals. In conversation with The Bloc k the director emphasized that the primary use of the stable currency trading currently takes place in DeFi, instead of daily payments. The aim of Lightning Labs is to change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. that ” bringing Bitcoin to billions “of people, she said. She also expressed some of these ideas in an interview for Decrypt .
There’s this concept of ”fix the money, fix the world” and that’s, I think, part of what really appeals to me about what we’re doing. [Stable currencies are not going to go away. I think they’re just going to increase in adoption.
Open source: a crucial element
As reported by CoinDesk the company has now published the technical specifications of the protocol. Taro as a Bitcoin Improvement Proposal (BIP), an initiative that aims to allow the protocol to be built openly with feedback from developers in the wider community.
The release also points out that the open source status of Lightning Labs which Stark highlights as one of the company’s highlights, will allow other popular LN implementations, such as eclair from ACING oCore Lightning de Blockstream puedan utilizar Taro in the future.
That publication recalled that, when Lightning Labs announced its Serie A and 2020 , escribió que estaban “entrando en la década de Lightning “. Two years after that statement, Lightning Labs remains committed to being open source.
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Article by Hannah Estefania Perez / DiarioBitcoin
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