According to Foresight News, Lightning Labs announced the release of Taproot Assets v0.4 on the Lightning Network, the first multi-asset Lightning protocol on the mainnet. With this version, assets can be minted on Bitcoin and sent instantly and cheaply through the Lightning Network. Through the design of the Taproot Assets protocol, each asset issuer does not need to launch its own liquidity subnetwork and routing nodes, and all issuers can take advantage of the existing network effect of the Lightning Network's 5,400 Bitcoin capacity.
With Taproot Assets on the Lightning Network, assets can be routed through Bitcoin, acting as a global routing currency. Developers can access the full suite of Lightning features of Taproot Assets with this release: open/close channels, make instant, low-fee payments, atomically swap assets for Bitcoin, facilitate Taproot Assets Lightning payments, and more.
