Origin Protocol, a blockchain project that builds a decentralized market, has implemented a peer-to-peer messaging application built on ethereum.
The project wrote in a blog post that the open source messaging function is now installed and running on the demo of its marketplace, creating an encrypted communication channel between buyers and sellers.
The technology works by using the users' ethereum addresses as a public ID for sending and receiving text messages, while the content itself is encrypted by the user's private keys. However, adds the post, since the data will not be transmitted to the ethereum network, the sending of messages does not involve "gas" commissions as normal transactions on ethereum would do.
In addition, messages will be archived using the interplanetary File System (IPFS), a technology that distributes data across a computer network and can connect to information on a blockchain.
Because a decentralized market can encounter disputes between buyers and sellers, the app adopts the ERC-725 standard, which links the identity to a specific ethereum address and also allows a third-party arbitrator to control the history of conversations once granted permission by one
Origin has indicted that, in addition to sending text messages, plans to extend the peer-to-peer communication tool to support multimedia content and messages that can be read mechanically between decentralized applications.
The launch of the app comes after Origin raised $ 6 million through an initial offer of coins in June.
As previously reported by CoinDesk, several other organizations have revealed plans to develop blockchain-based messaging applications, including the Coinbase cryptocurrency exchange and the US Department of Defense.
Image of the messaging through Shutterstock