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There are decentralized applications that allow you to securely exchange messages and files
Social networks are constantly facing global challenges. For example, on October 4, Facebook, WhatsApp, Instagram (both mobile applications and websites) temporarily did not work. Then users of Twitter, Telegram, TikTok, Google and Amazon services began to complain about the failures. And this is the largest, but not an isolated case.
Another major flaw in social media is data leaks. Last week, Facebook accused a Ukrainian citizen of stealing and selling personal data of 178 million social network users on a hacker resource. The attacker used the Contact Importer function, which had previously led to the theft of personal data of 533 million users of the service. The feature has been removed since the last case.
Despite this, social networks are extremely popular – they are used by over 3.6 billion people around the world. The leaders in this area are WhatsApp and its improved version of Telegram, which supports end-to-end encryption and secret chats. However, both services suffer from hacks, leaks, and crashes.
Solution
These problems can be solved through the use of blockchain technology. A distributed registry helps ensure the security and privacy of messaging. For example, the Secretum application was created on the Solana platform, the main advantages of which are:
- Anonymous registration;
- End-to-end encryption;
- No collection of platform data and third-party data.
Communication with other users can take place using the wallet address, the application supports not only text messaging, but also audio and video. Messages are not moderated, thereby maintaining confidentiality. In addition, Secretum allows users to create channels in which they can communicate with the community and potential investors.
Crypto exchanges are often hacked by hackers, and the losses amount to tens of millions of dollars. In August 2021, an attacker managed to gain access to the hot wallets of the Japanese trading platform Liquid, and as a result, over $ 80 million in funds were stolen.
P2P services solve this problem because they do not store the customers’ cryptocurrency. Funds are transferred from the buyer’s wallet to the seller’s wallet, bypassing the third party. At the same time, often the user does not need to provide personal data, which avoids the risk of leaks and maintains confidentiality.
There are crypto exchangers in Telegram, most of them are unsafe and cannot guarantee the safety of user funds and the purity of the transfer. To solve this problem, Secretum has integrated a P2P cryptocurrency trading function, which allows you to exchange not only standard tokens, but also NFTs. Transactions take place on the Solana blockchain.
Other problems with decentralized and centralized crypto exchanges include fees, congestion and lack of liquidity. This can be avoided by using the Escrow Smart Contract (ESC) feature that is used in the Secretum app.
Future
Blockchain technology makes social networks more anonymous, and end-to-end encryption and no data collection increases their privacy. At the same time, the further development of this area may consist in the appearance of p2p services for the exchange of cryptocurrencies within applications.
The current problems of Facebook, WhatsApp, Telegram and other “classic” messengers are a catalyst for the development of new generation social networks. Perhaps, in the near future, there will be many decentralized services, the protection of data inside which will take place using independent nodes, and the security of information exchange will not raise questions.
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