Bitcoin custodian Nostr Assets pauses deposits after reaching 'maximum capacity'

Bitcoin infrastructure developer Nostr Assets has paused deposits pursuing record-high idiosyncratic activity.

According to a Dec. 5 announcement posted connected Telegram, Nostr Assets developers warned, "Please await further announcements and bash not effort to deposit into NostrAssets for the clip being." The service, which allows users to transact Satoshis, oregon or 1/100 millionth of a Bitcoin (BTC), done the Lightning and Taproot Networks, claims to person onboarded implicit 70,000 caller users since Oct. 30 and attracted 280 Bitcoin successful caller deposits ($11.8 million) implicit that period. 

An mentation of the incidental connected Nostr Assets' authoritative Telegram

On Dec. 4, Fiatjaf, the creator of the Nostr protocol, which allows users to interchange their societal profiles and their followers connected antithetic platforms, alleged that the Nostr Asset squad was operating nether an affinity scam. "Nostrassets has thing to bash with the Nostr protocol itself. It conscionable borrows nostr successful naming. You should not deposit immoderate sats to this platform," said Fiatjaf. The allegations person not been proven successful a ineligible institution. 

Nostr Assets developers dismissed the allegations arsenic "unfounded," writing:

"NostrAssets utilizes Nostr, Taproot Assets, and Lightning successful its construction, making it pertinent to Nostr. However, it's important to stress that Nostr is simply a decentralised, open-sourced and censorship-resistant relay web that anyone tin physique on."

1/ This thread is aimed astatine addressing the unfounded claims made by @fiatjaf. Our cardinal nonsubjective successful constructing the NostrAssets ecosystem is to empower builders to make concern usage cases connected some Lightning Network and Nostr. https://t.co/mcceRECEWL

— Nostr Assets Protocol (@NostrAssets) December 3, 2023

The pursuing day, the full measurement of non-fungible token (NFT) income connected the Bitcoin web surpassed $1 billion. Meanwhile, Ordinals, a meme token minted connected the Bitcoin network, reached $1 cardinal successful marketplace cap. Invented by Web3 developer Rodarmor successful January, BRC-20 tokens person surged successful popularity arsenic 1 of the largest technological advancements successful a 15-year-old blockchain.

Bitcoin Ordinals is simply a numbering strategy that assigns a unsocial fig to each idiosyncratic satoshi, enabling their tracking and transfer. Combined with the Bitcoin Inscription process, which adds an further furniture of information to each satoshi, this allows users to mint unsocial integer assets connected the Bitcoin blockchain. However, the existent token listed connected Binance, ORDI, is not associated with developers of Bitcoin Ordinals.

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