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Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash

Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash

On July 4, 2020, the Bitcoin Cash proponent Cain revealed an interview with the blockchain developer, Shammah Chancellor, a couple of new challenge referred to as Stamp Chat. At its primary stage, “Stamp is a prototype of a layer-2 personal messaging and cost system on Bitcoin Cash. It implements stealth [plus] confidential transactions on high of Bitcoin Cash utilizing layer-2 protocol applied sciences.”

This week Bitcoin Cash supporters had been launched to a brand new instrument referred to as Stamp, an encrypted message and cost system that leverages the Bitcoin Cash (BCH) chain. The challenge is being developed by the software program programmer Shammah Chancellor, in any other case often called @micropresident.

The challenge was launched on Saturday, July 4, 2020, by the Bitcoin Cash proponent Cain (@bchcain) by way of the learn.money weblog. Cain provides a abstract of how governments at this time have the flexibility to censor our speech on-line, and our monetary lives as effectively by way of centralized events. The BCH fanatic highlights how our freedom of expression is censored and monitored by the powers that be.

Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash

“The indisputable fact that we’re being monitored limits our freedom of thought and our freedom of expression,” Cain’s interview harassed. “You would possibly assume twice about coming into one thing right into a search engine, or posting one thing on Facebook or Twitter. This limits our potential to speak and discover concepts, and for this reason I’m so excited by Stamp, the brand new Bitcoin Cash challenge being developed by Shammah Chancellor, aka @micropresident.”

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Cain’s submit additional added:

Stamp remains to be in its early levels and solely accessible on testnet, however the interface already appears polished and plenty of options like group chats and nested messages have already been deployed. According to his Github web page: “Stamp is a prototype of a layer-2 personal messaging and cost system on Bitcoin Cash. It implements stealth [plus] confidential transactions on high of Bitcoin Cash utilizing layer-2 protocol applied sciences.

Individuals who’re interested by Stamp can try the Github repository and get extra aware of the challenge. The Github repo’s disclaimer is a contact completely different and states: “Stamp is in early alpha growth stage. There shall be a number of breaking adjustments from now till a secure launch. We default to the Bitcoin Cash testnet as to guard in opposition to misplaced funds.”

Those who’re interested by testing the Stamp protocol can accomplish that by accessing the cashweb/stamp/releases part and grabbing check cash from faucet.fullstack.money.

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The Stamp builders who contribute to the challenge even have a Telegram chat channel as effectively for individuals who need to study extra concerning the challenge. Shammah Chancellor additionally describes the Stamp challenge in nice element throughout his interview with Cain.

“Stamp is the title of the pockets that makes use of quite a few backend protocols,” the developer defined. “These protocols are a set referred to as ‘Cashweb,’ with the imaginative and prescient being that every thing on-line is powered by Bitcoin Cash. Fundamentally, Cashweb is powered by way of customary internet applied sciences: Websockets, JWT tokens, HTTP/2. The thought being to make it straightforward for non-cryptocurrency builders to combine with.”

“Cashweb is a [three] tier community,” Shammah Chancellor continued. “The first tier being Bitcoin Cash. The second tier is a ‘keyserver’ community, which is used to search for, in a cryptographically safe manner, essential details about a Bitcoin Cash handle. The third tier is a messaging system (referred to as relay servers) which permits wallets to move, encrypted, structured messages between them.” The developer concluded:

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When you add a contact to a Stamp pockets, it reaches out to a keyserver and requests your contact data. This is then verified, and used to find out which relay server they settle for messages on. Once your pockets has this data, it may well begin exchanging structured, encrypted, messages between itself and one other consumer.

Cryptocurrency supporters who’re interested by studying the remainder of the interview between Cain and Shammah Chancellor can comply with this hyperlink right here that stems from the learn.money weblog.

On the Reddit discussion board r/btc, BCH proponents appeared happy with the announcement and a few folks contributed to the event funding. “Looks promising,” a person wrote on Reddit. “I despatched a little bit of funding. Good luck with it.”

What do you concentrate on the Stamp challenge constructed on the Bitcoin Cash community? Let us know what you concentrate on this topic within the feedback part under.

The submit Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash appeared first on Bitcoin News.

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