Taproot Assets is a data standard and a set of cryptography tools for assets and stablecoins, backed by the security of the Bitcoin network, and designed to be transacted over Lightning channels.

Unlike Ordinals or Runes, asset data is NOT stored on the Bitcoin blockchain. No new consensus or standardness rule changes are required to support Taproot Assets.

Taproot Asset creation transactions look like any other taproot UTXOs on the blockchain. They take up very little block space.

Taproot Assets will soon be transmitted over the Lightning Network. (About two weeks™ from now.)

Existing Lightning nodes will be able to forward Taproot asset transfers without upgrading their software.

Trading these assets over the Lightning Network will require the transmission BTC for purchases over the Lightning Network, which will increase the utility and transaction volume of the Network.