FinTech news in Elizabeth Stark category

Bitcoin’s most prominent layer-two, the Lightning network, can execute hundreds of thousands of transactions per second by settling transactions off-chain in a separate ledger, Lightning Labs CEO and co-founder Elizabeth Stark told journalist.

Taro will support developers transferring assets on the Bitcoin Lightning Network by executing hundreds of thousands of transactions per second, a much greater volume than what the Bitcoin network could otherwise support, Stark said. Taro is the latest of multiple products Lightning Labs has built specifically for the Lightning Network, which is a layer-two solution that makes the Bitcoin blockchain more efficient.