Lightning Labs has introduced a new protocol proposal for Bitcoin and the Lightning Network “Taro”
https://ift.tt/eWEFIvi
[https://bitcoinmagazine.com/business/lightning-labs-announces-70-million-series-b-raise](https://bitcoinmagazine.com/business/lightning-labs-announces-70-million-series-b-raise)
[https://bitcoinmagazine.com/technical/how-bitcoin-taro-protocol-works](https://bitcoinmagazine.com/technical/how-bitcoin-taro-protocol-works)
“Lightning Labs today announced it had raised $70 million in a series B funding round to further expand its development of open-source Bitcoin and Lightning software, the company said in a statement sent to *Bitcoin Magazine*. ”
“Taro seeks to enable the issuance of assets and collectibles, which are the protocol’s form of non-fungible assets, on Bitcoin as well as their transfer on Lightning in a private and secure manner without bloating the blockchain. To do so, it plans to leverage the protocol’s latest upgrade, [Taproot](https://ift.tt/FXxn0eL;
Cryptocurrency
