El Salvador official wallet app @chivowallet go offline

[Fortify]

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 hope the government of El Salvador have a lot of money to invest and maintain the security side of the wallet app. They will look like huge fools if it gets compromised and it will undermine their initial case for using Bitcoin. You have to expect there to be some blips and it possibly going offline due to large volumes of users in the first few days, but after a couple weeks they better be able to keep it online. Considering the wage in El Salvador is quite low per month, I think the free $30 could amount to a free 5-10% one off pay out for new users, so it was bound to attract huge attention and there was probably some nefarious actors who wanted to DDOS blackmail the government at the opening as well.

[1714694219]

1714694219

[1714694219]

1714694219

[Reatim]

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.

expected that to happen because they still did not manage to be ready in that huge transaction to come and go in their wallet.
imagine a crypto wallet that does not have large transaction in the past all ofa  sudden will accumulate this such?
at least shut down for a while only for some technicalities and not took long to wait those who will need their service.
and also this is a great achievement because even having this yet they manage to fulfill their duties and responsibilities .
Bravo CHIVOwallet.

[DdmrDdmr]

There seem to be some fake Chivo wallets around already (as one would expect). I’m watching a video created by the Economy Department of the Government of El Salvador, and they explicitly motion to check that the Chivo Wallet’s developer states "Gobierno de El Salvador", and not "Chivo Labs". This seems rather a soft secondary criterion, and of course starting the search on the official government channels would seem to be paramount in any case.

Searching for "Chivo Labs" on Google it’s easy to come across alternative apk downloading sites that host the alleged fake app by Chivo Labs .


See (in Spanish): https://www.economia.gob.sv/2021/09/capacitaciones-chivo-wallet/