Lightning Network infrastructure firm lightning has rebranded “Taro” to “Taproot Assets” and released its latest software update. FrederickMunawa reports.
was filed by blockchain software development firm Tari Labs Last December.
The suit resulted in an injunction that prevented further development of the project. But with the rebranding, Lightning Labs has resumed work on the primary software for implementing the newly renamed Taproot Assets protocol, which will allow users to issue assets such as stablecoins on the Bitcoin blockchain.
Today’s update closes the chapter on a lawsuit resulting from a brand name – Taro, that Tari Labs claims was too similar to their own – and opens up the ability for developers to experiment with software that has a new set of core features designed to “bitcoinize the dollar,” according to Lightning Labs.
Taproot Assets is currently available on a test network, with main network support"coming soon," according to the team. “We are committed to building an assets protocol for Bitcoin and Lightning,” Elizabeth Stark, CEO and co-founder of Lightning Labs told CoinDesk.
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