Social media platform X introduces a up-to-date message function, Xchats, which, according to the owner Elon Musk, will have “bitcoin -style encryption”.
Xchat is seemingly more wealthy in the function of directly sending a platform message, which will contain audio and video connections: “encryption, disappearance of messages and the ability to send any file”, Musk he said In the post on June 1.
The up-to-date message service service is based on the language of rust programming, which according to Musk had “bitcoin -style encryption), a completely new architecture”.
May 29 x he said that he had to stop the encrypted message of messages during improvements, which could be associated with the Xchat issue.
Musk’s comment on Xchat encryption stimulated an avalanche of bitcoiners’ reaction, such as the general director Jan3 Samson Mow, who he said that “Bitcoin is not encrypted,” and influence on the cryptographic “pledge” in addition that Bitcoin “uses the cryptography of the elliptical curve.”
Luke Dashjr, Bitcoin programmer (BTC) statement “Bitcoin does not even use encryption,” and the apply of rust was “a bad idea for safety reasons.”
“Perhaps Musk means how to encrypt Peer-to-Peer BIP-151 communication,” Bitmex Research suggested, recalling the proposal to improve Bitcoins designed to encrypt the data of bitcoin nodes.
The cryptography of the Bitcoin elliptical curve works like a mathematical lock system in which you have a secret private key and a public key, which is mathematically derived from it on a calculated curve, in which mathematics works in only one direction, but it is almost impossible to reverse.
This allows owners to prove that they are BTC and authorize transactions without revealing a private key, providing a security system without the need for a central authority. Bitcoin also uses the SHA-256 mixing to check the correctness of transactions and create block identifiers and transactions.
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TechCrunch Reported that Xchat is currently going to paid subscribers and seems to be protected by a four -digit application code.
X Money in testing
On May 25, Musk confirmed that the company also worked on the payment function called X Money, which will start in the beta version this year.
He said that testing would be initially “a very limited version of beta access”, adding that “when people’s savings are at stake, extreme caution should be exercised.”
Musk bought X, then called on Twitter, in October 2022 and for a long time promised to transform the platform into a “everything application” similar to Wechat – with functions and services going beyond what they are usually available on social media platforms.
Fresh offers suggest that X is now ready to compete for encrypted messages, such as Telegram and Signal, and also wants to compete with the popular FinTech Venmo and Cash App applications.
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