By admin 
Social media platform X is rolling out a brand new messaging characteristic, XChats, which proprietor Elon Musk says could have “Bitcoin-style encryption.”
XChat is seemingly a extra feature-rich model of the platform’s direct messaging perform, which is able to characteristic audio and video calling, “encryption, vanishing messages, and the flexibility to ship any form of file,” Musk said in a June 1 X put up.
The brand new messaging service is constructed on the Rust programming language, which Musk mentioned had “(Bitcoin model) encryption, complete new structure.”
On Might 29, X said that it needed to pause its encrypted messaging characteristic whereas it labored on enhancements, which can have been associated to the discharge of XChat.
Musk’s touch upon XChat’s encryption spurred a flurry of reactions from Bitcoiners resembling JAN3 CEO Samson Mow, who said that “Bitcoin isn’t encrypted,” whereas crypto influencer “Pledditor” added that Bitcoin “makes use of elliptic curve cryptography.”
Bitcoin (BTC) core developer Luke Dashjr additionally chimed in, stating “Bitcoin doesn’t even use encryption” and that utilizing the Rust language was “a foul concept for safety causes.”
“Perhaps Musk means like BIP-151 peer-to-peer communication encryption,” BitMEX Analysis steered, mentioning the Bitcoin Improvement Proposal designed to encrypt Bitcoin node information.
Bitcoin’s elliptic curve cryptography works like a mathematical lock system the place you’ve a secret non-public key and a public key that’s mathematically derived from it on a calculated curve the place the maths solely works in a single route however is almost unattainable to reverse.
This lets holders show they personal the BTC and authorize transactions with out revealing the non-public key, making the system safe with no need a government. Bitcoin additionally makes use of SHA-256 hashing for transaction validation and creating block and transaction IDs.
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TechCrunch reported that XChat is presently rolling out to paid subscribers and seems to be protected by a four-digit passcode.
X Cash in testing
On Might 25, Musk confirmed that the corporate was additionally engaged on a payments feature referred to as X Cash, which is able to launch in beta later this 12 months.
He mentioned that testing shall be a “very restricted entry beta at first,” including that “when folks’s financial savings are concerned, excessive care should be taken.”
Musk bought X, then referred to as Twitter, in October 2022 and has lengthy promised to show the platform into an “the whole lot app” just like WeChat — with options and companies past what is usually out there on social media platforms.
The brand new choices counsel that X is now able to attempt to rival encrypted messaging platforms resembling Telegram and Sign, whereas additionally seeking to compete with standard fintech apps Venmo and Money App.
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