The post Taproot Assets – Bitcoin As A Medium Of Exchange appeared on BitcoinEthereumNews.com.

What is Bitcoin and who is it for? There are a plethora of catchphrases available on Twitter to cover this one. Bitcoin is for everyone… no wait, it’s for anyone! Bitcoin is a store of value. Bitcoin is a medium of exchange. We could do a classic appeal to authority and declare that Bitcoin is exactly what Satoshi described, “A Peer-to-Peer Electronic Cash System”. Bitcoin becomes what we make it. It serves the people we choose to build for. If we want Bitcoin to be a store of value or medium of exchange, we have to build the protocols and services that make this happen.  Sometimes it’s more interesting to ask specifically, who are we building for? Are we building for Americans looking for a long-term investment? Are we building for a shop owner in Brazil? A reseller in Turkey? A software developer in Nigeria?  If we want bitcoin to be a medium of exchange, we need to focus on the users who need it most — and Taproot Assets is the tool for that job.  Taproot Assets Taproot Assets allows us to take the assets, and units of account, that people want and need today as mediums of exchange — and move them to Bitcoin infrastructure on the Lightning Network. From a technical perspective, Taproot Assets is a protocol that allows for the minting of assets on the Bitcoin blockchain in a very blockspace-efficient fashion using taproot transactions, made possible by the November 2021 Taproot soft fork activation. Client-side validation is used, the protocol is opt-in, and no consensus changes are required. Fungible assets are exchangeable on the Lightning Network, and you can use this protocol on mainnet today! Taproot Assets is a flexible protocol that’s already opening the door to a wide variety of use cases, but the…

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Filed under: News - @ October 21, 2025 10:28 pm