Bitcoin infrastructure developer Nostr Property has quickly halted deposits, citing record-high consumer exercise that has exceeded its most capability. In a Telegram announcement on December 5, the Nostr Property builders suggested customers to “await additional bulletins” and chorus from making extra deposits in the interim. The service allows customers to transact Satoshis by means of the Lightning and Taproot Networks.
Since October 30, Nostr Property claims to have onboarded over 70,000 new customers and attracted 280 Bitcoin in deposits, totaling $11.8 million. Nevertheless, the surge in exercise has prompted the necessity to pause deposits quickly to deal with the capability constraints.
The announcement comes amid controversy as Fiatjaf, the creator of the Nostr protocol, which facilitates the interchange of social profiles and followers on numerous platforms, accused the Nostr Asset workforce of working below an affinity rip-off. Fiatjaf claimed that “Nostrassets has nothing to do with the Nostr protocol itself” and suggested customers to not deposit any satoshis into the platform. The allegations, nonetheless, stay unproven in a authorized establishment.
In response to the accusations, Nostr Property builders dismissed them as “unfounded” and clarified the connection between Nostr Property and the Nostr protocol. They emphasised that Nostr Property makes use of Nostr, Taproot Property, and Lightning in its building, making it pertinent to Nostr. Nevertheless, they underscored that Nostr is a decentralized, open-sourced, and censorship-resistant relay community that anybody can construct on.
The incident coincides with notable milestones within the Bitcoin community, together with the whole quantity of non-fungible token (NFT) gross sales surpassing $1 billion on December 4. Moreover, Ordinals, a meme token minted on the Bitcoin community, reached a $1 billion market cap. Bitcoin Ordinals introduces a numbering system that assigns a novel quantity to every particular person satoshi, facilitating monitoring and switch. It represents a major technological development within the 15-year-old blockchain house.
It is vital to notice that the token listed on Binance as ORDI shouldn’t be related to the builders of Bitcoin Ordinals, emphasizing the necessity for customers to train warning and conduct thorough analysis within the quickly evolving crypto panorama.