Bitcoin infrastructure developer Nostr Assets has paused deposits following record-high consumer exercise.
In a Dec. 5 announcement posted on Telegram, the Nostr Assets crew warned customers to “await further announcements and do not attempt to deposit into NostrAssets for the time being.” The service — which permits customers to transact satoshis, or 1/100 millionth of a Bitcoin (BTC), by the Lightning and Taproot networks — claims to have onboarded over 70,000 new customers and attracted 280 BTC ($11.8 million) in new deposits since Oct. 30.
On Dec. 4, Fiatjaf, the creator of the Nostr protocol — which permits customers to interchange their social profiles and followers on completely different platforms — alleged that the Nostr Asset crew was working as an affinity rip-off. “Nostrassets has nothing to do with the Nostr protocol itself. It just borrows nostr in naming. You should not deposit any sats to this platform,” mentioned Fiatjaf. The allegations haven’t been confirmed in a authorized establishment.
Nostr Assets dismissed the allegations as “unfounded,” writing:
“NostrAssets utilizes Nostr, Taproot Assets, and Lightning in its construction, making it pertinent to Nostr. However, it’s crucial to emphasize that Nostr is a decentralised, open-sourced and censorship-resistant relay network that anyone can build on.”
1/ This thread is geared toward addressing the unfounded claims made by @fiatjaf. Our key goal in developing the NostrAssets ecosystem is to empower builders to create enterprise use circumstances on each Lightning Network and Nostr. https://t.co/mcceRECEWL
— Nostr Assets Protocol (@NostrAssets) December 3, 2023
Meanwhile, the entire quantity of nonfungible token gross sales on the Bitcoin community has now surpassed $1 billion. Ordinals, a meme token minted on the Bitcoin community, has additionally reached $1 billion in market cap. Invented by Web3 developer Rodarmor in January, BRC-20 tokens have surged in reputation as one of many largest technological developments in a 15-year-old blockchain.
Bitcoin Ordinals is a numbering system that assigns a novel quantity to every particular person satoshi, enabling their monitoring and switch. Combined with the Bitcoin Inscription course of, which provides an extra layer of knowledge to every satoshi, this enables customers to mint distinctive digital belongings on the Bitcoin blockchain. However, the present token listed on Binance, ORDI, just isn’t related to builders of Bitcoin Ordinals.
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