Categories: Ethereum

Origin Is Rolling Out a Decentralized Messaging App Built on Ethereum

Click here to view original web page at www.coindesk.com

Origin Protocol, a blockchain project building a decentralized marketplace, has rolled out a peer-to-peer messaging application built on top of ethereum.

The project wrote in a blog post on Wednesday that the open-sourced messaging function is now up and running on its marketplace demo, creating an encrypted communication channel between buyers and sellers.

The technology works by utilizing users' ethereum addresses as a public ID for sending and receiving text messages, while the content itself is encrypted via users' private keys. However, the post adds, since the data will not be broadcast to the ethereum network, sending messages will not incur "gas" fees as normal transactions on ethereum would do.

Further, messages will be stored using the Interplanetary File System (IPFS), a technology that distributes data across a web of computers and can link to information on a blockchain.

Since a decentralized marketplace may experience disputes between buyers and sellers, the app adopts the ERC-725 standard, which links identity to a specific ethereum address and also allows a third-party arbitrator to audit conversation histories once granted permission by one of the participants.

Origin indicted that, besides sending text messages, it plans to extend the peer-to-peer communication tool to support multimedia content and machine-readable messages between decentralized applications.

The app launch comes after Origin raised $6 million via an initial coin offering in June.

As previously reported by CoinDesk, several other organizations have revealed plans to develop blockchain-based messaging applications, including cryptocurrency exchange Coinbase and the U.S. Department of Defense.

Messaging image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

The project wrote in a blog post on Wednesday […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: currency decentral decentralized eth ether exchange

Recent Posts

  • Bitcoin Business

#MetaHash Co-Founder Gleb Nikitin Keeps Everyone ‘in the Light’ Through the #MetaGather Program

In the midst of many controversies surrounding crypto, there’s light at the end of the tunnel when stalwarts like #MetaHash… Read More

6 hours ago
  • Bitcoin Business

#MetaGather Program Starts Free Familiarization with Blockchain Campaign

Jamie Dimon, the CEO of J.P. Morgan Chase, recently stated, “To put it in perspective, we’ve been talking about blockchain… Read More

6 hours ago
  • Bitcoin Business

Coinbase CEO Wants Firm to Move Beyond Trading in Next 5 Years

Brian Armstrong, CEO of major American crypto exchange and wallet service Coinbase, believes that the firm will be less about… Read More

12 hours ago
  • Bitcoin Business

100 Satoshi Reach Penny Parity

One hundred Satoshi, a millionth of a bitcoin, is now back to being worth about a penny at 1.1 cent… Read More

18 hours ago
  • Bitcoin Business

GFSC Grants Bitso A Distributed Ledger Technology License

Bitso , a cryptocurrency exchange in Mexico, has nabbed a new distributed ledger technology license, allowing it to run its… Read More

18 hours ago
  • Bitcoin Business

Crypto Tidbits: “Unstoppable Force” Bitcoin Back at $10,000, Libra in Congress

Another week, another round of Crypto Tidbits. As is seemingly the norm, Bitcoin saw a tumultuous week, trading from everywhere… Read More

18 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More