Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
I think it's normal though, and it's obvious that the wallet provider faces some congestions, so it's going to be bumpy in the beginning. Even huge exchange such as Coinbase will suddenly went offline or in a maintenance mode when they are overwhelm by huge trading.
So the big question is how Chivo Wallet will react to this because for sure a lot of El Salvadorian are going to used their services. Consider this as one big test for them.
They already expect the volume of the users however early stages app mostly get overloaded in its early phase due to congestion. What they need to prove is the stability and improvement of the app, which we look forward to, but so far its normal. Most of experimental decisions are prone to problems in early stages.
Hoping they fix this problem as it will be the lead for the future of BTC as currency in other countries in the future.
Yeah, you have to expect the unexpected specially in the beginning. Even the President has to calm down the public, and tells them to restart the app if they see the "under maintenance" error.
As you can see, he made a series of tweets since the rollout. And obviously, he is active and really stepping up the plate for his country and bitcoin in general.