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The page shows little beyond a Play store link, a Youtube video, and some buzzwords that seem split between messaging and payment. > Start uncensorable chattin
by stephengillie 8y ago
The page shows little beyond a Play store link, a Youtube video, and some buzzwords that seem split between messaging and payment.
> Start uncensorable chatting! You can soon start sending and receiving money from friends.
From the video, the chats don't seem to be connected to any Coin - there's no mention of transaction fees to send or receive messages, and they seem to send and arrive nearly instantaneously - more like a Hangouts message than a Bitcoin payment. The app stores your private key too, so this chat service could be using standard public/private key encryption, and a chat server that uses public keys as usernames. Like a PGP chat server - that's in the same app as a Coin payment system, so you can have your private chats and your surreptitious payments in the same central location.
- sumanthneppalli 8y agoWe should have explained better and we will improve our website, sorry about that. The blockchain that we are connected to is Bitcoin Cash(BCH). Bitcoin Cash is a fork of Bitcoin that aims at instant, cheap transactions. Bitcoin Cash transactions are instant unlike Bitcoin transactions. Each message costs around a cent as the fees is 1satoshi/byte(https://bitinfocharts.com/comparison/bitcoin%20cash-transactionfees.html https://bitinfocharts.com/comparison/bitcoin%20cash-transact...). The private key is being stored on the client side and we will open source the code soon so that users can verify that we do not store their private key. This is similar in functionality to Bitcoin wallets.