TON network announces its new encrypted messaging feature

TL;DR Breakdown

  • TON Network has announced the release of a new encrypted messaging feature within its network.
  • The foundation wants to drive growth with the new feature.

Description

The TON network, developed by the TON Foundation, recently unveiled a new on-chain encrypted messaging feature, allowing users to send private messages within the network. TON, which originated from code created by the Telegram instant messaging app team, was forked and open-sourced after Telegram abandoned the project in July 2020 before its mainnet launch. TON … Read more

The TON network, developed by the TON Foundation, recently unveiled a new on-chain encrypted messaging feature, allowing users to send private messages within the network. TON, which originated from code created by the Telegram instant messaging app team, was forked and open-sourced after Telegram abandoned the project in July 2020 before its mainnet launch.

TON network rolls out a new encrypted feature on the network

The TON Foundation has since taken charge of building the current TON network, which is designed to provide greater scalability and transaction throughput while maintaining decentralization within the Web3 ecosystem. Previously, TON users could send messages in transactions, but these messages were publicly visible. The newly introduced feature now enables end-to-end encryption of messages, ensuring that only the intended recipient can read them.

According to Anatoly Makosov, a core developer for TON, the encrypted messaging feature adds a level of personalization to transactions. Users can include personalized texts such as “for coffee” or “happy birthday” when sending Toncoin, Jettons, or NFTs on TON. This popular feature has now been enhanced with full encryption, enhancing privacy and security.

Additionally, Makosov highlighted that the encrypted messaging feature could serve as a reliable method of communication in extreme scenarios like an “apocalypse” where traditional messenger servers fail. In such cases, TON can provide a safeguarded and dependable platform for private communication. To access the encrypted messaging feature, users can currently utilize various retail wallet apps, including MyTonWallet, OpenMask, and TON Wallet. The TON Foundation plans to incorporate this feature into the mobile wallet Tonkeeper through upcoming updates, as stated in the announcement.

The foundation wants to drive growth with the new feature

In line with efforts to foster network growth, the TON Foundation launched a $25 million accelerator program in May. The program aims to incentivize app developers to build applications on the TON network, further expanding its functionality and user base. Furthermore, in November, an independent development team introduced a Telegram trading bot to facilitate user onboarding to TON.

By integrating on-chain encrypted messaging, the TON network demonstrates its commitment to privacy and security, catering to users’ increasing demand for enhanced data protection. This feature aligns with the broader industry trend of prioritizing user privacy and confidentiality within blockchain networks.

As the TON ecosystem continues to evolve, the introduction of new features and developer initiatives is expected to contribute to its growth and adoption. The TON Foundation remains dedicated to establishing TON as a robust and decentralized network, offering scalability, transaction throughput, and now, encrypted messaging capabilities. With TON’s ongoing advancements and the expanding range of applications built upon the network, it will be interesting to observe how the project progresses and how the blockchain community responds to its innovative features and potential use cases.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:TON network announces its new encrypted messaging feature

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月6日 16:47
Next 2023年7月6日 17:52

Related articles

  • Kenyan government suspends Worldcoin operations amid concerns over data privacy and legitimacy

    TL;DR Breakdown Kenya’s Ministry of the Interior has suspended Worldcoin’s operations. The suspension is for an investigation into legitimacy and data protection. Nairobi was a key market, with over 250,000 sign-ups. Description In a striking move against a global identity crypto protocol, Kenya’s Ministry of the Interior has suspended the operations of Worldcoin within the country. Worldcoin, co-founded by OpenAI’s Sam Altman, has come under scrutiny for its practices in collecting iris data. The suspension will remain effective as various Kenyan agencies assess the project’s risks to … Read more In a striking move against a global identity crypto protocol, Kenya’s Ministry of the Interior has suspended the operations of Worldcoin within the country. Worldcoin, co-founded by OpenAI’s Sam Altman, has come under scrutiny for its practices in collecting iris data. The suspension will remain effective as various Kenyan agencies assess the project’s risks to the public. Worldcoin’s initiative has aimed to create a global identification mechanism utilizing iris scans, a technology designed to verify that an agent is human and unique. This identification approach has been deemed potentially vital…

    Article 2023年8月3日
  • 7 Central Banks and BIS dive deep into policy matters for retail CBDCs

    TL;DR Breakdown The BIS and a consortium of central banks published a paper on their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The central banks of Canada, the EU, Japan, Sweden, Switzerland, England, and the US collaborated with BIS on a brief CBDCs document.  The evolving payments landscape requires central banks to give some consideration to how CBDCs may be used for wholesale and cross-border use cases. In a collaborative effort to advance the understanding and implementation of retail Central Bank Digital Currencies (CBDCs), seven central banks and the Bank for International Settlements (BIS) are actively examining ongoing policy issues surrounding this transformative financial technology. The exploration of CBDCs comes at a time when digital currencies have gained significant attention worldwide, offering a potential revolution in the way individuals and businesses transact.  Exploring the Potential of Retail Central Bank Digital Currencies Central banks from Canada, Sweden, Switzerland, the United Kingdom, Japan, the European Central Bank, and the United States, along with the BIS, are pooling their knowledge and expertise to investigate the possibilities and challenges associated…

    Article 2023年5月29日
  • DeFi daily volume hits 7-month lows amid the ongoing downswings

    TL;DR Breakdown The month of July was a tumultuous one for the decentralized finance (DeFi) industry, with transaction volume falling with a string of attacks and exploits. Conic Finance, a yield-generating protocol, lost 1,700 ether in a reentrancy exploit last week, making it the biggest loser in July. This month has seen a significant decrease in TVL for several different DeFi protocols, including the liquid staking protocol Ankr, the NFT-lending service BendDAO, and the Arbitrum-based decentralized exchange Chronos, which has seen a decrease of up to 50%. Description Decentralized Finance (DeFi), formerly a booming area of the crypto market, is currently dealing with difficult circumstances as a result of an extended downturn. A recent study shows that the daily trade volume in DeFi has decreased to levels that haven’t been witnessed in seven months.  Investors and analysts are becoming concerned about the future … Read more Decentralized Finance (DeFi), formerly a booming area of the crypto market, is currently dealing with difficult circumstances as a result of an extended downturn. A recent study shows that the daily trade volume in…

    Article 2023年7月27日
  • Ripple acquires Swiss blockchain custody firm Metaco for $250 Million

    TL;DR Breakdown Ripple has announced the acquisition of Metaco – making it the sole shareholder of the Swiss-based crypto custody firm. The $250 million deal will expand Ripple’s enterprise offerings for digital asset custody, issuance, and settlement services. Metaco was founded in 2015 and already has a client base of banks, crypto exchanges, and fintech firms. Its in-house Harmonize platform provides client integration to access services, including staking and smart contract management, on top of its core asset custody business. Geneva, Switzerland – In a strategic move to further enhance its position in the blockchain industry, Ripple, the leading global provider of enterprise blockchain solutions, announced today its acquisition of the Swiss-based crypto custody firm Metaco for a staggering $250 million. This acquisition not only strengthens Ripple’s market presence but also solidifies its commitment to fostering innovation and security within the digital asset ecosystem. Ripple creates alliances and expands its offerings Ripple, the creator of its namesake payments network and XRP token, announced on May 17 that it had acquired Metaco, a Swiss digital asset custodian and tokenization provider, for…

    Article 2023年5月18日
  • Crypto scammers exploit celebrity images, NatWest reveals

    TL;DR Breakdown NatWest’s Celebrity Scam Super League reveals celebrities whose images have been exploited in crypto scams, with Peter Jones and Sir David Attenborough topping the list. Scam ads primarily originate on social media platforms, including Facebook and Twitter, and customers have fallen victim to fake investment articles and advertisements. NatWest warns consumers to be cautious of fake celebrity investment adverts online and calls for a collaborative effort with social media companies to eliminate these fraudulent practices. NatWest, a prominent British bank, has released its annual Celebrity Scam Super League table, revealing the celebrities whose images are unknowingly used by fraudsters to steal millions of pounds from unsuspecting individuals. Peter Jones, known for his role in Dragon’s Den, is topping the list, closely followed by renowned naturalist Sir David Attenborough. Surprisingly, Holly Willoughby and Philip Schofield, who jointly topped the table last year, have dropped out of the top rankings for the first time. Social media: The breeding ground for scam ads The majority of scam advertisements targeting consumers originate from social media platforms. Facebook and Twitter, among others, have…

    Article 2023年6月4日
TOP