Lightning Labs was forced to change the name of their project from 'Taro' to 'Taproot Assets' due to a trademark infringement lawsuit. The newly rebranded offering is currently on a testnet and is said to come with a 'core set of features to bitcoinize the dollar,' according to the company.
The BRC-20 mints have had various repercussions, ranging from the suspension of bitcoin withdrawals on Binance to dissatisfaction with the unexpected surge in fees for bitcoin transactions in regions such as Africa and South America.
The Lightning Address protocol enables bitcoin transactions to be sent over the Lightning Network using a wallet identifier that looks like a traditional email address.
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