TechFlow reports that Veda, an Ordinals EVM extension protocol for Bitcoin, has announced on social media that its launch will be indefinitely postponed due to force majeure. The team stated that Veda-core and Veda-bvm will be open-sourced.
Notably, just two hours before announcing the postponement, Veda had declared that the protocol was about to launch, having already finalized its token economics and token standards, and was indexing data for its Ordinals service. Subsequently, the personal information of the project's founder was exposed within the community. According to official records, the project’s social media accounts were created in October this year, with their first post published in early November. Veda aims to solve the lack of Layer 1 smart contracts on Bitcoin without altering Bitcoin's core consensus, introducing an off-chain index to verify Veda data on Ordinals and provide state query capabilities for contracts.
