Awesome Taproot Assets ⚡🍠🪙

A curated list of Taproot Assets projects and resources

Contributions are welcome

What is Taproot Assets?

Taproot Assets (formerly Taro) is a new Taproot-powered protocol for issuing assets on the bitcoin blockchain that can be transferred over the Lightning Network for instant, high volume, low fee transactions. At its core, Taproot Assets taps into the security and stability of the bitcoin network and the speed, scalability, and low fees of Lightning.

Taproot Assets relies on Taproot, bitcoin’s most recent upgrade, for a new tree structure that allows developers to embed arbitrary asset metadata within an existing output. It uses Schnorr signatures for improved simplicity and scalability, and, importantly, works with multi-hop transactions over Lightning.

Potential Use Case

RWAs
Smart contracts with Bitcoin script
Bitcoin as Collateral
NFT/NFT Marketplace/NFT auction
Crowdfunding
Stablecoins (aka. Centralized like USDC and USDT)
Stablecoins algorithm
Sythentic stablecoins
Atomic Swap (between taproot assets only)
Explorers
Submarine Swap
Wallets
Rewards
Mint Services (tokens)
Social media (accepting payments via Stablecoins or tokens)
Decentralized Exchange via Lightning Node
Exchanges with centralized solutions
Lightning Service Provider for Taproot Assets
Virtual Machine (VM)
Nodes (LND)
OTC Exchange
Cloud Service (Nodes, LSP)
APIs
GameFi
System of points
Compatible with DLCs & Taproot
Centralized Exchanges
Asset Management
Custodial services
Derivatives
Interoperability (UTXO chains)
AI compatible tech
MiniDEX with swaps
Identities (aka. Nostr)
Cross-assets(Taproot Assets<>RGB)
BOLT12 compatible

Tech Overview

Little overview around Taproot Assets

How works

When minting a new asset, Taproot Assets will generate the relevant witness data, assign the asset to a key held by you and publish the corresponding bitcoin UTXO -- the minting transaction.

The outpoint this minting transaction consumes becomes the genesis_point of the newly minted asset, acting as its unique identifier. Assets can be spent to a new recipient, who provides the sender with the necessary information encoded in their Taproot Asset address.

To transact assets, the witnesses in the prior transaction are recommitted into one or multiple taproot outputs while the necessary witness data is passed to the recipient. Similar to bitcoin transactions, the remaining balance is spent back to the sender as a change output.

Architecture

Taproot Assets are implemented as the Taproot Assets Daemon tapd and the Taproot Assets Command Line Interface tapcli. Additionally, tapd exposes a GRPC interface to allow for a direct integration into applications.

Taproot Assets leverage several LND features including the Taproot wallet and signing capabilities. These facilities are accessed through LND’s GRPC.

The Taproot Assets stack:

Bitcoin blockchain backend (layer 1) <-> LND (layer 2) <-> Taproot Assets

Custody of Taproot Assets is segmented across LND and Tapd to maximize security. LND holds the private key, which has had a taproot tweak applied to it, controlling the bitcoin UTXO holding the Taproot Asset. The taproot tweak on the other hand is held by Tapd. This increases the requirements for asset recovery as both the internal key as well as the taproot tweak are necessary to spend the output. This prevents LND from accidentally burning Taproot assets.

Status software

Taproot Assets is available in testnet and mainnet with v0.3.0-alpha (Knowing also there's risks using alpha daemon)

Versions post v0.3.0-alpha are compatible with initial version, allowing non breaking consensus or lose assets on mainnet/testnet.

Lightning Labs team is working for make Taproot Assets over Lightning Network after release Taproot Channels in 2023. Beyond work in smart contracts how happen on RGB. In the last version (0.3.3-alpha), now people need run Universe to see assets how described "Most notably, the process of sending+receiving proof files when sending+receiving assets is now more robust. In addition, the resource requirements for running a public Universe server have been reduced."

Lightning Labs is working in a trustless exchange thought LND and vPSBT

More information from Community call last March 7

CTO at Lightning Labs made first Taproot Assets Channels between tokens on testnet

CTO at Lightning Labs made first Taproot Assets Channels between tokens on Mainnet with multi assets

CTO at Lightning Labs made first mainnet asset swaps with Taproot Assets Channel

Lightning Labs released Lightning Terminal v0.13.2-alpha compatible with Taproot Assets

Lightning Labs release multi hop assets on the mainnet with Lightning Network and Layer 1

Standards

Non fungible tokens (NFTs)
Fungible tokens
Identities?

Lightning Labs Resources

Articles

Tutorial

Specifications

Videos

Books

Mastering the Lightning Network (LN)
Mastering Bitcoin, 2nd Edition
Mastering Bitcoin, 3rd Edition - with Taproot Assets
Bitcoin and Lightning Network on Raspberry Pi

Libraries and Daemon

Wallets

Issues tokens platform

Tiramisu Walet
Joltz Wallet

Explorer

Community

Cloud

Voltage

Nodes

Exchanges

Tools

Tokens and Stablecoins

NFTs

THNDR Games

Tokenized Securities and Asset Management

Rewards

Joltz Rewards

Development

Polar

Companies support Taproot Assets

Reference protocols

Shielded CSV 🛡️: Private and Efficient Client-Side Validation

Extra list

Disclaimer

Authors of this list is not responsible for eventual issues with third party projects be trading, speculation or any other thing.

Please do your own research

My other lists

Awesome RGB Protocol

Name		Name	Last commit message	Last commit date
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CODE_OF_CONDUCT.md		CODE_OF_CONDUCT.md
CONTRIBUTING.md		CONTRIBUTING.md
LICENSE		LICENSE
README.md		README.md

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22388o/awesome-taproot-assets

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