Elon Musk's X platform is launching a new messaging feature called XChat, which boasts "Bitcoin-style" encryption, vanishing messages, file sharing, and audio/video calling capabilities. Here's what we know so far:
- Key Features:
- Encryption: XChat uses "Bitcoin-style" encryption, which has sparked debate in the crypto community. Some experts argue that Bitcoin's technology isn't encryption-based, but rather relies on public key cryptography and digital signatures.
- Vanishing Messages: XChat allows users to send messages that disappear after a certain period.
- File Sharing: Users can share files of any type.
- Audio/Video Calling: XChat supports cross-platform audio and video calls without requiring a phone number.
- Technical Details:
- Built with Rust: XChat is built using the Rust programming language, known for its speed and memory safety.
- Elliptic Curve Cryptography (ECC): XChat's encryption method is likely based on ECC, similar to Bitcoin's security model. ECC offers strong protection with smaller key sizes, making it faster and less demanding on resources.
- Availability:
- Beta Testing: XChat has started beta testing among a select group of users, with plans to roll out to all users soon.
- Paid Subscribers: Some paid subscribers already have access to XChat's features.
- Goals and Implications:
- Competing with Secure Messaging Apps: XChat aims to compete with established players like Signal, Telegram, and WhatsApp.
- Part of X's Broader Vision: XChat is part of Elon Musk's plan to transform X into an "everything app," offering a range of services beyond messaging.
While XChat's encryption method has raised questions, its success will depend on user adoption and the platform's ability to provide a secure and private messaging experience.
#EDGENLiveOnAlpha #MarketRebound #TrumpMediaBitcoinTreasury #ElonMuskDOGEDeparture #PCEMarketWatch
