This is possible through the fundamental stability and security of the Bitcoin blockchain and by virtue of the advancement of the Lightning Network, a second-layer Bitcoin payments technology.
Playa El Zonte has been named as the Bitcoins capital, around 500 families promote the use of the cryptocurrency to help the economy of a place with poverty issues.
On April 5, 2022, Lightning Labs, a Lightning Network focused infrastructure technology company led by Elizabeth Stark , on the Bitcoin blockchain.
Taro ultimately enables all Lightning Network participants to gain the benefit of Lightning’s nearly free, virtually instant, global transaction capability, without needing to tolerate BTC’s current volatility.
The November 2021 activation of Taproot on Bitcoin Core, the latest major update to the Bitcoin protocol, made Taro possible.
While protocol development focuses on maintaining and optimizing the core values of the technology for network security and scalability, “conservative” changes can open the design space of what can be built on Bitcoin and Lightning enormously, as demonstrated by Taro’s relationship to Taproot.
The new protocol will diversify the populations that Lightning Network apps and infrastructure can meaningfully serve.
Using Lightning and Taro to earn in USDT and/or BTC, for example, a recipient can decide whether to hold funds in BTC for longer term savings or in USDT for immediate or near-term spending.