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

On July four, 2020, the Bitcoin Cash proponent Cain revealed an interview with the blockchain developer, Shammah Chancellor, a few new venture known as Stamp Chat. At its primary degree, “Stamp is a prototype of a layer-2 non-public messaging and cost 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 device known as Stamp, an encrypted message and cost system that leverages the Bitcoin Cash (BCH) chain. The venture is being developed by the software program programmer Shammah Chancellor, in any other case often called @micropresident.

The venture was introduced on Saturday, July four, 2020, by the Bitcoin Cash proponent Cain (@bchcain) through the read.cash blog. Cain offers a abstract of how governments immediately have the power to censor our speech on-line, and our monetary lives as nicely by way of 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 undeniable fact that we’re being monitored limits our freedom of thought and our freedom of expression,” Cain’s interview careworn. “You may assume twice about getting into one thing right into a search engine, or posting one thing on Facebook or Twitter. This limits our skill to speak and discover concepts, and that is why I’m so excited by Stamp, the brand new Bitcoin Cash venture being developed by Shammah Chancellor, aka @micropresident.”

Cain’s publish additional added:

Stamp remains to be in its early phases and solely obtainable on testnet, however the interface already appears to be like polished and many options like group chats and nested messages have already been deployed. According to his Github web page: “Stamp is a prototype of a layer-2 non-public messaging and cost system on Bitcoin Cash. It implements stealth [plus] confidential transactions on high of Bitcoin Cash utilizing layer-2 protocol applied sciences.

Individuals who’re keen on Stamp can take a look at the Github repository and get extra accustomed to the venture. The Github repo’s disclaimer is a contact completely different and states: “Stamp is in early alpha growth stage. There might be a number of breaking adjustments from now till a steady launch. We default to the Bitcoin Cash testnet as to guard towards misplaced funds.”

Those who’re keen on testing the Stamp protocol can achieve this by accessing the cashweb/stamp/releases part and grabbing take a look at cash from faucet.fullstack.cash.

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

“Stamp is the identify of the pockets that makes use of quite a few backend protocols,” the developer defined. “These protocols are a set known as ‘Cashweb,’ with the imaginative and prescient being that all the things on-line is powered by Bitcoin Cash. Fundamentally, Cashweb is powered through customary internet applied sciences: Websockets, JWT tokens, HTTP/2. The concept being to make it straightforward for non-cryptocurrency builders to combine with.”

“Cashweb is a [three] tier community,” Shammah Chancellor continued. “The first tier being Bitcoin Cash. The second tier is a ‘keyserver’ community, which is used to search for, in a cryptographically safe approach, vital details about a Bitcoin Cash tackle. The third tier is a messaging system (known as relay servers) which permits wallets to go, encrypted, structured messages between them.” The developer concluded:

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

Cryptocurrency supporters who’re keen on studying the remainder of the interview between Cain and Shammah Chancellor can observe this link here that stems from the learn.money weblog.

On the Reddit discussion board r/btc, BCH proponents appeared happy with the announcement and some folks contributed to the event funding. “Looks promising,” a person wrote on Reddit. “I despatched a little bit of funding. Good luck with it.”

What do you concentrate on the Stamp venture constructed on the Bitcoin Cash community? Let us know what you concentrate on this topic within the feedback part under.

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