Author: Sharon, BlockBeats

Content:

· Nostr Assets Protocol temporarily shuts down website due to "overwhelming community enthusiasm"

· Team responds to community, what is the background of Nostr Assets Protocol?

Recently, with the continuous rise of the Bitcoin ecosystem, the Bitcoin expansion protocol Nostr Assets Protocol has also received great attention. After Nostr Assets Protocol announced on social media on November 7th that it will launch Taproot Assets issuance and Fair Mint function, the ensuing craze followed, and the official website was temporarily closed. However, in the following two days, Nostr Assets Protocol was questioned more due to some comments on its official social account.

Nostr Assets temporarily shuts down website due to "overwhelming community enthusiasm"

On November 7th, the Bitcoin expansion protocol Nostr Assets Protocol announced on its social media platform that it will soon launch Taproot Assets issuance and Fair Mint functions. Subsequently, many players rushed to participate, causing network congestion. In the Nostr Assets Protocol Chinese Telegram group chat, Nostr Assets Protocol pointed out that "due to the surge in deposits, timeout errors occurred when depositing sats. We are currently fine-tuning our lightning network channels. Please do not deposit sats now and wait for further announcements."

One hour later, Nostr Assets Protocol announced that due to load reasons, the website will be temporarily closed for maintenance. Users are advised not to deposit to NostrAssets temporarily. On November 8th, Nostr Assets Protocol issued another statement stating that "the surge in deposits has raised concerns about liquidity. We are actively seeking long-term solutions, such as establishing our own lightning network nodes or cooperating with larger nodes."

In addition, on the same day, Nostr Assets Protocol also selected 20 community members to conduct "withdrawal system testing", which shows that Nostr Assets Protocol pays close attention to the community.

However, at the same time, the background of the Nostr Assets Protocol has sparked widespread discussion in the community.

Team Official Account Responds to Community: What is the Background of Nostr Assets Protocol?

The reason was that user X, @0xGCB, posted a tweet introducing more projects in the Bitcoin ecosystem to the community, including the Nostr Assets Protocol, which stated that users should not miss the Fair Mint of Nostr Assets Protocol. This tweet prompted a comment in Chinese from the official Nostr Assets Protocol account, saying "even the founder got it wrong".

BlockBeats found that many users in the community have misunderstandings about the concept of Nostr Assets Protocol. Some users pointed out that Nostr Assets Protocol may be a "Singaporean Chinese team", while others believe that Nostr Assets Protocol has a close relationship with the Lightning Network. But in fact, this is not the case.

Nostr Assets Protocol is actually an application based on the decentralized social protocol Nostr, and there is currently no direct relationship between Nostr and the Lightning Network.

Related reading: "Lens or Nostr? Find the ultimate solution for future social media."

The Nostr protocol originated in 2019. On November 20, 2019, @fiatjaf began developing the Nostr protocol, hoping to create a simple, open, globally supported, decentralized, and censorship-resistant social protocol. That day, he wrote in his blog: "Nostr is the simplest open protocol based on encrypted keys and signatures, independent of any trusted central server, independent of P2P technology, and can create a censorship-resistant global social network once and for all."

It is worth mentioning that the Nostr protocol was once praised by X (formerly Twitter) founder Jack Dorsey, who is a supporter of the Lightning Network. As early as December 16, 2022, Jack Dorsey donated about 14.17 BTC (approximately $245,000) to the decentralized social network Nostr to further support its development.

In June of this year, Jack Dorsey stated that "Bitcoin and Nostr are the only two technologies that truly resist censorship on a large scale," and even hoped that X (formerly Twitter) would consider building open protocols similar to Bitcoin and Nostr.

This debate sparked by the Nostr Assets Protocol under the Nostr protocol, to some extent, also indicates that the FOMO sentiment towards the Bitcoin ecosystem is constantly rising in the current market. As for when the Nostr Assets Protocol will truly launch Taproot Assets issuance and Fair Mint functionality, and how to respond to the current controversy about the team background, BlockBeats will continue to pay attention.

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