ChainCatcher news, UXUY has officially launched a Telegram Bot-based Lightning Network wallet to welcome the launch of the Bitcoin native asset protocol Taproot Assets on the Lightning Network. UXUY will leverage Telegram's user base of up to 900 million to continuously promote the adoption and popularity of Bitcoin's Lightning Network and Taproot assets.The next-generation decentralized multi-chain trading platform UXUY is incubated and invested by Binance Labs. As an important contributor to the Bitcoin ecosystem, the user base of the UXUY App version Lightning Network wallet has surpassed 100,000. The newly released @UXUYBot is a fresh exploration within the Telegram ecosystem, preparing for a new wave of asset excitement for Taproot Assets.Using @UXUYbot on Telegram allows users to receive and send Bitcoin with zero Gas fees, while also supporting convenient features such as QR code transfers and quick transfers to contacts, ensuring good compatibility with Telegram.UXUY founder Kevin stated, "Currently, Telegram's crypto projects are in the early stages of development. UXUY is actively introducing Bitcoin's Lightning Network and Taproot Assets into the Telegram ecosystem. We believe that beyond TON and SOL, BTC will become an undeniable force within the Telegram ecosystem."

ChainCatcher news, according to Cointelegraph, Lightning Labs CEO Elizabeth Stark revealed the latest developments of the Bitcoin development company at the London Crypto and Digital Assets Summit live-streamed by the Financial Times. She stated that the Taproot Assets protocol under Lightning Labs is building functionality to bring stablecoins and tokenized assets to Bitcoin.According to Stark, developers have made significant progress toward this goal and have ultimately tested transactions on Lightning. She added that traditionally, these digital assets have operated on other blockchains but have been plagued by high fees and other issues. She believes that the Bitcoin network may be best suited to facilitate the use of stablecoins because it "is the most secure and decentralized" blockchain.

ChainCatcher message, the Lightning Network Taproot Assets ecosystem Nostr Assets announced via tweet that the Taproot Assets mainnet is now live on Nostr Asset.Additionally, Nostr Assets announced that the first Taproot Assets token airdrop will be themed around Halloween. If you have participated in recent Nostr activities, you may have a qualifying Nostr address.However, it is important to emphasize that these tokens are intended solely for testing, trial, or entertainment purposes and do not possess intrinsic value; they should not be regarded as financial instruments or investments.To prevent risky behavior, some restrictions have been put in place during the current phase.It is reported that Nostr Assets is an open-source protocol that brings Taproot assets and Satoshis (the unit of Bitcoin) into the Nostr ecosystem. Once assets are introduced, users can send and receive them using their Nostr public and private keys at the Nostr protocol layer. The settlement and security of the assets still rely on the Lightning Network, and the Nostr assets protocol itself does not issue assets but merely brings them into Nostr through the protocol.

ChainCatcher news, the Taro project Taproot Assets of the Lightning Network infrastructure company Lightning Labs officially announces the launch of the mainnet, providing a fully functional developer experience for the issuance, management, and exploration of stablecoins or other assets on the Bitcoin blockchain.This version is forward compatible, meaning that the protocol will not have any disruptive changes that could affect the assets released on the mainnet. The mainnet version of this protocol supports on-chain functionality, with Lightning support coming soon.

ChainCatcher news, the lightning network infrastructure company Lightning Labs has renamed its Taro project to Taproot Assets and announced the release of the latest version. Taro was originally a protocol for issuing assets on Bitcoin and the Lightning Network. The latest version will support developers in efficiently integrating the core functionality of dollar tokenization, allowing users to issue stablecoins and other assets on the Bitcoin blockchain.According to the team, Taproot Assets is currently available on the testnet, with mainnet support coming soon.In addition, Lightning Labs stated that the company's next step will be to propose the final specification of the protocol to the Bitcoin community through Bitcoin Improvement Proposals (BIP) and Bitcoin Lightning Improvement Proposals (bLIP) to enable Bitcoin-based asset transfers via the Lightning Network. (CoinDesk)