How Bitcoin Taro Protocol Works


Lightning Labs has introduced a new protocol proposal for Bitcoin and the Lightning Network, Taro, which seeks to bring new use cases to the network. The company has published a series of draft Bitcoin Improvement Proposals (BIPs) and it is asking for community feedback on the proposed design.

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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.


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