Asset management firm launches BTC Lightning Network startup accelerator
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Asset management firm Stone Ridge, the
The Lightning Network is a layer-2 solution built on top of Bitcoin that allows users to send satoshis, the smallest amount of Bitcoin can be divided into, with greater speeds and lower fees.
The Taro protocol is a Taproot-powered protocol designed by the Bitcoin software firm Lightning Labs, which allows assets issued on the Bitcoin blockchain to be transferred to the Bitcoin Lightning Network.
In other words, Taro allows the Lightning network to become a multi-asset network with Bitcoin at its core.
According to data from 1ml, at the time of writing the network’s capacity is currently sitting at 5,140 BTC, representing a 5.43% increase over the past month, and median transaction fees are well under 1 millionth of a cent per satoshi.
