Marvin Blaich

• The Taproot Assets protocol is a novel technology that enables the issuance of digital assets on Bitcoin. Since its announcement, the implementation of stablecoins was a predominant use case for its development. In combination with the Lightning Network, a stable asset could generate greater utilization and offer new applications. This potential phenomenon is evaluated statistically in this thesis through quantitative research in the form of an online survey and substantive theoretical studies. Adoption is analyzed based on fundamental theories of Everett M. Rogers’ “Diffusion of Innovations”. Additionally, other relevant resources are considered to ensure profound transfer of knowledge and reliable results. The findings indicate an increase of Bitcoin adoption since prior novices state a first usage after the integration of Taproot Asset stablecoins. Moreover, further potential is identified by the cumbrousness of the price volatility of bitcoin regarding the use as a means of payment.