Social media platform X is rolling a new messaging feature, exhasts, the owner Elon Musk says that there will be “bitcoin-style encryption”.
Xchat is a more feature-rich version of the direct messaging function of the platform, with audio and video calling, “encryption, fading messages, and the ability to send any type of file,” will be the facility of the musc. Said In June 1 X Post.
The new messaging service is created on the rust programming language, which Musk said that “(bitcoin style) encryption, full new architecture.”
On 29 May, X Said That it was to stop its encrypted messaging feature while working on improvement, which may be related to the release of Exchat.
Musk’s comment on Xchat’s encryption promoted a striking of reactions from bitcoins like JAN3 CEO Samson Mave, which Said It is not “bitcoin encrypted,” while crypto affected “pladitor” couple He uses bitcoin “elliptical curve cryptography.”
Bitcoin (BTC) Core developer Luke Dasjar also takes a pinch, They said “Bitcoin also does not use encryption” and that was a bad idea for safety reasons to use the rust language “.
Bitmex Research suggested, “Perhaps Musk means BIP-151 Peer-to-Pier Communication Encryption.” Bitcoin improvement proposal Bitcoin node is designed to encrypted data.
The elliptical curve cryptography of bitcoin acts like a mathematical lock system, where you have a secret private key and a public key that mathematically taken from a calculated curve where mathematics works only in one direction, but it is almost impossible to reverse.
This allows holders to prove that they own BTC and authorize the transaction without revealing the private key, making the system safe without the need of the Central Authority. SHA-256 uses hasing for Bitcoin transaction verification and creates blocks and transactions IDs.
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Tekkachchan Informed This Xchat is currently rolling for customers paid and appears to be preserved by a four -digit passcode.
X money in test
On 25 May, Musk Confirmed that the company was also working One payment facility It is called X Money, which will be launched in beta later this year.
He said that the test will be “first very limited access beta”, saying that “when people’s savings are included, excessive care should be taken.”
Musk bought X, then called Twitter in October 2022 and promised to convert the stage into “everything app” for a long time – which is usually beyond the features and services available on social media platforms.
New Prasad says that X is now ready to try to rival the encrypted messaging platform Wire And the signal, while the popular Fintech apps is also watching to compete with Venmo and Cash app.
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