Bitcoin Expert Samson Mow Corrects Musk’s “Bitcoin-Style Encryption” Claim for XChat
- Elon Musk unveiled XChat, promoting “Bitcoin-style encryption” along with new features.
- Samson Mow corrected Musk, emphasizing that Bitcoin uses signatures, not encryption.
- Bitcoin ensures security through public keys, without hiding the transaction data.
Elon Musk has announced the rollout of XChat, a new messaging platform featuring encryption, vanishing messages, file sharing capabilities, and audio/video calling. However, his claim of the platform using “Bitcoin-style encryption” drew a quick correction from Bitcoin expert Samson Mow.
In an X post, Musk described XChat as “built on Rust with (Bitcoin style) encryption, a whole new architecture,” and suggested the platform uses cryptographic methods similar to those used in Bitcoin’s network. However, JAN3 CEO and Bitcoin expert Samson Mow quickly responded, stating that Bitcoin isn’t encrypted. He pointed out that Bitcoin’s security model doesn’t rely on encryption for transaction processing, but on digital signatures.
Digital signatures versus encryption
Notably, Bitcoin uses the Elliptic Curve Digital Signature Algorithm (ECDSA) …
The post Bitcoin Expert Samson Mow Corrects Musk’s “Bitcoin-Style Encryption” Claim for XChat appeared first on Coin Edition.
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Bitcoin Expert Samson Mow Corrects Musk’s “Bitcoin-Style Encryption” Claim for XChat
- Elon Musk unveiled XChat, promoting “Bitcoin-style encryption” along with new features.
- Samson Mow corrected Musk, emphasizing that Bitcoin uses signatures, not encryption.
- Bitcoin ensures security through public keys, without hiding the transaction data.
Elon Musk has announced the rollout of XChat, a new messaging platform featuring encryption, vanishing messages, file sharing capabilities, and audio/video calling. However, his claim of the platform using “Bitcoin-style encryption” drew a quick correction from Bitcoin expert Samson Mow.
In an X post, Musk described XChat as “built on Rust with (Bitcoin style) encryption, a whole new architecture,” and suggested the platform uses cryptographic methods similar to those used in Bitcoin’s network. However, JAN3 CEO and Bitcoin expert Samson Mow quickly responded, stating that Bitcoin isn’t encrypted. He pointed out that Bitcoin’s security model doesn’t rely on encryption for transaction processing, but on digital signatures.
Digital signatures versus encryption
Notably, Bitcoin uses the Elliptic Curve Digital Signature Algorithm (ECDSA) …
The post Bitcoin Expert Samson Mow Corrects Musk’s “Bitcoin-Style Encryption” Claim for XChat appeared first on Coin Edition.
Read More