I’ve been looking at the documentation for the newly released taproot assets. The documentation and marketing seems to either talk at a really high level about how awesome the protocol is or go really deep about the daemon and APIs. There doesn’t seem to be anything in the middle. Can anyone take a stab at these questions:

1. It appears from the documentation that the entirety of an issued asset exists within a single bitcoin UTXO. Does this mean that only the issuer of the asset can update balances? IE it’s completely custodial?

2. Does that mean that the issuer is able to censor any transactions that they wish when posting updates to the underlying UTXO?

#lightningnetwork #bitcoin #questions #taproot