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The project formerly known as "Taro" has been rebranded "Taproot Assets" after Lightning Labs was hit with a trademark infringement lawsuit. The new offering, now on a testnet, comes with a "core set of features to bitcoinize the dollar," according to the firm.
The latest version of the Taproot Assets Protocol from Bitcoin infrastructure firm Lightning Labs could help reduce congestion on the Bitcoin network following the rapid uptick in the deployment of BRC-20 tokens.
Blockchain company Tari Labs, LLC filed a complaint against Lightning Labs, Inc for copyright infringement. They allege that Lightning’s new platform,