Bitcoin Maxis are patting themselves on the back after the launch of the Taproot Assets protocol for Bitcoin and Lightning. And they’re quite right to do so.

Lightning Labs mainnet Alpha launch last month was big news. Up till now Ethereum and Tron dominated smart contracts. Now with this latest protocol Bitcoin is poised to challenge their dominance and bring new vigor to the network. This new feature will equip developers with the tools needed to make Bitcoin a multi-asset network, enabling users to hold real-world assets like gold on the Bitcoin blockchain, marking a critical moment for Bitcoin’s evolution.

But Lightning’s Taproot Assets have even wider consequences than what they…

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