First Nostr-Native Bitcoin & Testnet for Taproot Assets now LIVE on Lnfi Network

As of 13 October 2023, Lnfi Network is thrilled to announce the first Nostr Protocol native Bitcoin & Testnet for Taproot Assets is now live! Nostr users now have the freedom to send, receive, or trade any amount of Satoshi using their Nostr accounts, with all the convenience of natural language commands on Nostr frontend clients like Damus, Amethyst, Iris, and more.

Launch of First Nostr-Native Bitcoin

By leveraging Lightning Network and utilizing a backend process known as the Nostr Assets Daemon, users can securely deposit their Bitcoin via a Lightning wallet (eg. Alby Wallet) onto their Nostr account.

Why is this such a big deal? Well, let us break it down for you:

• Users can transfer any amount of Bitcoin using only their Nostr account, eliminating the need to generate another invoice
• This is a fundamental step towards enabling the development of more complex trades or transactions in the future, paving the way for the creation of business-centric Nostr apps.
• Nostr Protocol’s high TPS performance is ideal for fast transactions and executing decentralized business logic.

This achievement is a major milestone for Nostr Assets’s vision to build a robust decentralized trading infrastructure on the Nostr Protocol. It opens a new door of opportunities, offering Nostr users a censorship-resistant way of exchanging Bitcoin within the Nostr Ecosystem without the need for a UI button. Through the chat interface of Nostr clients, users can enter simple chat commands to transfer Bitcoin to a single user or multiple users.

And that’s not all! We’ve even thrown in an address book feature that allows you to label Nostr public keys with shorter nicknames, making transfer commands even simpler to execute.

Rest assured, all transaction history is recorded and visible to the public on the Nostr Assets Explorer.

To dive deeper into how it all works, be sure to check out the following resources:
- How it works
- How to Deposit Satoshis
- Nostr Assets Commands
- How to set up for Chat-to-Trade

With Bitcoin now supported, Nostr Assets is charging forward, continuing to develop and march toward the next milestone on our roadmap, including the complete support for Taproot Assets.

Launch of Testnet for Taproot Assets

Lnfi has taken a significant step forward by launching its Testnet for Taproot Assets and seamlessly incorporating support for Universes. This integration empowers users to effortlessly bring in Taproot Assets from either the Lnfi Universe or other Universes. Once these Testnet assets are imported to the Lnfi Assets List, users can enjoy swift and smooth digital asset transfers among fellow Nostr users.

With the highly anticipated launch of Taproot Assets drawing near, the Lnfi is in for an exhilarating future!

To experience Taproot Assets on Lnfi Testnet, check out the following:
- How to import Taproot Assets from Universe

Stay tuned for more incredible developments.