The Segregated Witness soft-fork activated in 2017 was a technical prerequisite for the Lightning Community, which has in flip grown to a capability that has unleashed a subsequent wave of innovation. Equally, Taproot (activated in November 2021) units the stage for one more wave. Of notice is Lightning Labs’ Taproot Property Protocol (TAP), facilitating asset issuance instantly on the Lightning Community. If profitable, TAP would enable the multi-asset actuality to not solely exist natively on the Bitcoin stack but in addition inherit the Lightning Community’s velocity, very low price and settlement finality.
