Taro Protocol: Lightening Labs Bet on the Lightening Network

By Cje95 | Chronic Illness and Crypto | 6 Apr 2022

Earlier today I stumbled across an article about stablecoin transactions coming to the Bitcoin Blockchain. Thinking I might have lost my mind I ignored it before circling back to the article later to see what was up with it. While reading it I was awestruck at the idea and this new frontier for the Lightning Network.


For a while now people have been clamoring for how the Lightning Network was going to improve Bitcoin as it’s a Layer 2 solution. However, much of what was expected has taken longer than most of us thought to develop and implement. Luckily though Lightning Labs, a company that builds applications for the Lightning Network, is getting ready to roll out a new feature I never imagined for Bitcoin to have.


sStablecoin transactions!


This new feature is possible due to the Taproot upgrade to Bitcoin’s Blockchain some time again and Lightning Labs has given their new protocol a fitting name in Taro! Up until this protocol when you imagined the Bitcoin Blockchain it was dramatically different than the Ethereum Blockchain due to the different tokens that Ethereum offers. While Bitcoin has been and continues to be the golden standard for crypto other blockchains had really been cutting into it due to their offerings. 

This allows users to be able to use the Lightning Network to send and receive stablecoins. Since this is pretty standard now with the popular blockchains this will help protect or insulate Bitcoin from this cutting into its popularity. This will help further bank the un or underbanked and allows stablecoins to be sent on a blockchain that is much cheaper than Ethereum.


An important thing that that company addressed that holds up is that even with possible upcoming US stablecoins regulations this DOES NOT affect this product or the protocol. Since Lightning Labs is not issuing a stablecoin but rather creating a way for it to be moved this falls out of the scope of both President Biden’s Executive Order and the proposed legislation in Congress! The focus of these possible rules has been to make sure that the value that is stated is actually backed up. They are not going after the computer code that allows for the transaction to take place. 


This type of protocol falls into the same place that current payment networks are trying to get into with VISA, PayPal, Mastercard, and others forming partnerships to be able to benefit from stablecoin or transactions in dollars. I see Lightning Network almost as how Robinhood used to be the new kid on the block with a revolutionary idea that really shakes up the major powers that are currently in place. These developments will force these major players like the ones I listed above to either adapt or slowly fade away. 


I am pretty optimistic about seeing this roll out! While I do not see it being a game-changer it provides users with another low-cost option and another chain to send funds on. Decentralization is the future of money and this will go a long way in making sure that it does happen!


Please know I am not a financial advisor I am just someone who picked up on a trend and wanted to express it! Makes sure you always do your own research and never invest money you cannot afford to lose! If you enjoyed this article and would like to further support me below are a couple of referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_


Fold App

Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 5,000 sats for free!  


Unstoppable Domains

Sign up using my link here and get a free $10 credit towards your first $40+ purchase! 



Robinhood is offering a great signup deal if you use my link here where we will both be awarded free stock. All that you have to do is sign up and connect your bank account for the award! By also using my link here you also are added to the crypto wallet waitlist and like always both stock and crypto trading is commission-free! 🤝 



Sign up for Coinbase and earn $10 of free Bitcoin when you buy or sell $100 in crypto with my referral here!



If you are like me and walk to work every day this app rewards your walking with Sats! So far I have earned over 5,000 sats in just a couple of months walking to work! Here is my link!

How do you rate this article?



Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_

Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.