X social media platform introduces new messages feature, Xchats, which the owner Elon Musk says will have “Bitcoin’s encryption”.
Xchat is a more rich version of the features of the direct correspondence function of the platform, which will display audio and visual calls, “encryption, fading messages, and the ability to send any kind of files”, Musk He said On June 1 x post.
The new correspondence service is designed on the rusting programming language, which MUSK said, “Bitcoin style), a complete new structure.”
On May 29, x He said It had to stop the encrypted correspondence feature while working on improvements, which may have been linked to the Xchat version.
Musk’s comment on Xchat encrypted a wave of Bitcoiners’ reactions such as the CEO of Jan3 Samson Mww, who He said The “Bitcoin is not encrypted”, while the “PledDitor” effect Add Bitcoin “uses elliptical curls.”
Bitcoin (BTC) Core Luke Dashjr also glows, male “Bitcoin does not use encryption” and that the use of rust language was “a bad idea for security reasons.”
“It may mean Musk like the PIP-151 communications encryption from analogy,” she proposed Research Bitmex, with a proposal to improve bitcoin designed to encrypt Bitcoin knot data.
Bitcoin’s elliptical core encryption is like a sports lock system, where you have a secret special key and a public key derived mathematically on a calculated curve where mathematics only operates in one direction, but it is almost impossible to reverse it.
This allows holders to prove that they own BTC and allow transactions without detecting the private key, making the system safe without the need for a central authority. Bitcoin also uses Hashing Sha-256 to verify the authenticity of transactions and create mass identifiers and transactions.
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Techcrunch I mentioned Xchat is currently offered to paid subscribers and appears to be protected by a four -digit traffic.
X money in the test
On May 25, Musk confirmed that the company was also working on the feature of payments called X Money, which will be launched in Beta later this year.
He said the test would be “very limited in the beginning,” adding that “when people’s savings are involved, extreme caution must be taken.”
He bought Musk X, then called Twitter, in October 2022, and has long promised to convert the basic system to “apply everything” similar to WeChat – with features and services that exceed what is usually available on social media platforms.
The new offers indicate that X is now ready to try to compete with encrypted messaging platforms such as Telegram and Signal, while also looking to compete with famous Fintech apps Venmo and Cash App.
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