Elon Musk Launches XChat Messaging App with Bitcoin-Style Features
Elon Musk announced the launch of a new messaging app, XChat, built with Rust and featuring Bitcoin-style encryption. Key points include:
- The crypto community expresses skepticism about the app's security claims.
- Ian Miers, a computer science professor, highlighted that Bitcoin uses signatures, not encryption, for transactions.
- Miers criticized the terminology used in relation to security, stating "Bitcoin style" and "Rust" do not indicate a secure messaging platform.
- XChat offers features such as end-to-end encryption, disappearing messages, and file sharing without requiring a phone number.
Bitcoin is currently trading flat near $105,000, having dropped over 3% last week.