Scaling Issue for Lightning Labs Taro CryptoGlobe

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This is an op-ed by Evan Price, a 15-year-old software engineer and privacy rights advocate.

Taro is a new protocol being developed at Lightning Labs that promises to enable the creation and transfer of digital assets on the Bitcoin blockchain and specifically on the Lightning Network. It is being hailed as a revolutionary step forward in cryptocurrency tokenization. I’m skeptical of any proposal to transfer non-bitcoin tokens to the bitcoin network, but bitcoin is a permissionless network and if Taro fans intend to build and deploy it, no one can stop them . This is the magic of Bitcoin: it is a true neutral arbiter. Bitcoin only enforces protocol rules; it does not pass judgment on how these rules are used.

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