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

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On July four, 2020, the Bitcoin Cash proponent Cain revealed an interview with the blockchain developer, Shammah Chancellor, a couple of new challenge known as Stamp Chat. At its primary stage, “Stamp is a prototype of a layer-2 personal messaging and fee 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 software known as Stamp, an encrypted message and fee 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 four, 2020, by the Bitcoin Cash proponent Cain (@bchcain) through the learn.money weblog. Cain provides a abstract of how governments in the present day have the power to censor our speech on-line, and our monetary lives as nicely 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 burdened. “You may suppose twice about coming into one thing right into a search engine, or posting one thing on Fb or Twitter. This limits our means to speak and discover concepts, and this is the reason I’m so excited by Stamp, the brand new Bitcoin Cash challenge being developed by Shammah Chancellor, aka @micropresident.”

Cain’s put up additional added:

Stamp continues to be in its early levels and solely out there on testnet, however the interface already appears to be like polished and many 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 Cash. It implements stealth [plus] confidential transactions on high of Bitcoin Cash 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 challenge. The Github repo’s disclaimer is a contact completely different and states: “Stamp is in early alpha improvement stage. There can be a number of breaking modifications from now till a steady launch. We default to the Bitcoin Cash testnet as to guard towards misplaced funds.”

Those that are excited by testing the Stamp protocol can achieve this by accessing the cashweb/stamp/releases part and grabbing check cash from faucet.fullstack.money.

The Stamp builders who contribute to the challenge even have a Telegram chat channel as nicely for individuals who wish to be taught extra in regards to 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 lot of backend protocols,” the developer defined. “These protocols are a collection known as ‘Cashweb,’ with the imaginative and prescient being that every little thing on-line is powered by Bitcoin Cash. Essentially, Cashweb is powered through customary net applied sciences: Websockets, JWT tokens, HTTP/2. The thought being to make it simple for non-cryptocurrency builders to combine with.”

“Cashweb is a [three] tier community,” Shammah Chancellor continued. “The primary 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 deal with. The third tier is a messaging system (known as relay servers) which permits wallets to move, encrypted, structured messages between them.” The developer concluded:

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

Cryptocurrency supporters who’re excited 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 some individuals contributed to the event funding. “Seems 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? Tell us what you concentrate on this topic within the feedback part beneath.

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

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

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