HomeCoinsBitcoin (BTC)Developer Reveals Layer-Two Personal Messaging and Fee System on Bitcoin Money

Developer Reveals Layer-Two Personal Messaging and Fee System on Bitcoin Money

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Developer Reveals Layer-Two Personal Messaging and Fee System on Bitcoin Money

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

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

The mission was launched on Saturday, July 4, 2020, by the Bitcoin Money proponent Cain (@bchcain) through the learn.money weblog. Cain provides a abstract of how governments right this moment have the power to censor our speech on-line, and our monetary lives as properly via 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 truth that we’re being monitored limits our freedom of thought and our freedom of expression,” Cain’s interview harassed. “You may assume twice about getting into one thing right into a search engine, or posting one thing on Fb or Twitter. This limits our capability to speak and discover concepts, and for this reason I’m so excited by Stamp, the brand new Bitcoin Money mission being developed by Shammah Chancellor, aka @micropresident.”

Cain’s publish additional added:

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

People who’re excited by Stamp can take a look at the Github repository and get extra acquainted with the mission. The Github repo’s disclaimer is a contact completely different and states: “Stamp is in early alpha growth stage. There will likely be a number of breaking adjustments from now till a secure launch. We default to the Bitcoin Money testnet as to guard towards misplaced funds.”

Those that are excited by testing the Stamp protocol can accomplish that by accessing the cashweb/stamp/releases part and grabbing take a look at cash from faucet.fullstack.money.

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

“Stamp is the title of the pockets that makes use of numerous backend protocols,” the developer defined. “These protocols are a set known as ‘Cashweb,’ with the imaginative and prescient being that the whole lot on-line is powered by Bitcoin Money. Essentially, Cashweb is powered through normal 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 primary tier being Bitcoin Money. The second tier is a ‘keyserver’ community, which is used to lookup, in a cryptographically safe manner, necessary details about a Bitcoin Money handle. The third tier is a messaging system (known as relay servers) which permits wallets to move, encrypted, structured messages between them.” The developer concluded:

Whenever you add a contact to a Stamp pockets, it reaches out to a keyserver and requests your contact data. That is then verified, and used to find out which relay server they settle for messages on. As soon as your pockets has this data, it could possibly begin exchanging structured, encrypted, messages between itself and one other person.

Developer Reveals Layer-Two Personal Messaging and Fee System on Bitcoin MoneyDeveloper Reveals Layer-Two Personal Messaging and Fee System on Bitcoin Money

Cryptocurrency supporters who’re excited by studying the remainder of the interview between Cain and Shammah Chancellor can observe 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. “Seems to be promising,” a person wrote on Reddit. “I despatched a little bit of funding. Good luck with it.”

What do you consider the Stamp mission constructed on the Bitcoin Money community? Tell us what you consider this topic within the feedback part beneath.

Tags on this story
@micropresident, BCH, bitcoin money, Cain, Chat System, Cryptocurrency, Developer, Growth, Encrypted Chat, interview, Layer two, fee system, Shammah Chancellor, Stamp

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Stamp, Learn.money, Cain

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

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