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Download bitmessage1/7/2024 This, in combination with other techniques such as “trusted peers”, will allow Bitmessage (and therefore BitBay) to scale appropriately. This ensures that the right users receive the correct messages, without having to download the entire pool of messages. Each stream, or layer, is connected to the one above and below it, permitting each stream to interact with other streams. Each stream contains a capped number of users, which also only contains a capped number of messages. It’s accomplished through separating each user/node into what is a called a “stream”. Whilst growth of this magnitude has yet to happen, there is a great strategy which can be used for such an event. What about scaling Bitmessage? What happens if each user/node has to download billions of messages just to keep up? By default, these channels include the marketplace, contracts, and messages within the BitBay Client. A noticeable difference between BitBay and Bitmessage is that BitBay only makes a user download the data of the “channel” that they are using. This allows the BitBay blockchain to scale, without experiencing “chain bloat” problems after a short period of substantial growth. While many other crypto projects record and store all of their data on the blockchain, BitBay does not. Yet another awesome characteristic that BitBay assumes from Bitmessage is scalability. This means that every single one of BitBay’s smart contracts, chat messages, marketplace items, reputation system, and multi-signature features are encrypted and randomized “as messages” sent through the Bitmessage network. Everything except for the actual Proof of Stake 3.0 based blockchain transactions and dynamic peg voting system ( stablecoin) are run through Bitmessage. You could say that it is technically a “modified” version of it. When combined with a TOR rooting, Bitmessage becomes a very powerful platform.Īs we know, BitBay was built almost entirely on the Bitmessage network. The only noticeable difference from sending a traditional email is that each message takes a slightly longer amount of time to reach the sender.Īs you can see, the Bitmessage system offers MASSIVE value for those who want to maintain their privacy and protect their personal information from hackers. Once he sees that there is a message with his own public key attached, he can then open it with his own private key and read what Alice wrote.Īt this point you might be thinking, this is WAY too complicated!įortunately, the entire Bitmessage process is fully automated, and all of these above steps are completed behind the scenes. To receive his message, all Bob needs to do is connect his Bitmessage client to the network, and download all of the messages.This effectively randomizes all of the messages into one giant melting pot. Each Bitmessage user (node) has a copy of each of these messages, but cannot read them or see where they came from. Alice’s message is then sent to a pool containing every encrypted message on the Bitmessage network.Next, the message is sent out including a timestamp, and a proof of work (PoW) from Alice.This ensures that only Bob can open, read, and see who originally sent it. It’s also encrypted with Bob’s public key. Automatically, her public key and private key signature are attached, proving that the message is from her. Let’s take a quick look at some basic steps to illustrate how BitMessage works: Instead of sending coins (like Bitcoin), Bitmessage allows you to send private and encrypted messages - making it a highly secure alternative to email. Similar to Bitcoin, it uses a proof of work (PoW) system to encrypt and randomize your information. This is why BitBay’s entire platform (minus its Proof of Stake 3.0 blockchain transactions) has been built upon a unique protocol called BitMessage.īitMessage is a decentralized communications protocol. So far, the only proven method for guaranteeing that a thief cannot steal everyone’s data is decentralization. When a large company stores 100 + million people’s information on a central server, it becomes a MASSIVE honeypot for hackers. It is also a weakness that grows with the scale of the network’s growth. It is both the place and the method of our personal information storage which ultimately creates such a security weakness. Underneath all of those outlets, however, is one aspect that ultimately propagates this vulnerability. Every social media platform, messaging app, online merchant, financial institution and other outlets can be a “one-stop shop” for shady characters to break in and hijack our identities. Our personal (and financial) information gets spread throughout the internet around the clock. For many of us - that lack of privacy is unfortunately much more than a feeling. The global population is surging well past 7 Billion people and it may feel like our personal information is becoming increasingly difficult to keep private.
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