“Tech Experts Question The New Offering’s Claims of Having Bitcoin-Style Encryption.”, – WRITE: www.coindesk.com
Market Nor The Tech Community is ImpResed.
One of the Key Features of the New Offering is that is Built on A Programming Language Called Rust with Bitcoin-Stryle Encryption. While It Sounds Exciting, The Crypto Community is Not Particularly Psychad, Raising Doubts About What Exactly It Means.
“Bitcoin Primarily Uses Signatures, Not Encryption. This Is Like Saying, We Decides to Run Our Rocket On Water, Since Nasa Usa Hydrogen and Oxygen,” Ian Miers, Assistant University of Maryland, SAID ON X.
Encryption Refers to the Process of Scrambleing Data So That Only Authorized Parties with The Correct Keys Cancramble and Read IT. However, transactions executed on the Bitcoin Blockchain Aren’t Encrypted But Are SignED. In Fact, All Data Shared Between Bitcoin Nodes Is Unencrypted, ALLOWING TOTAL STRANGERS TO INTERCT COME NETWORK.
“Needless to Say” Bitcoin Style “and Rust” Are Not Descriptions of An Encryption Scheme, Nor Are They Strong Indicators of Security for aren’t just in rust, “miers said.
Bitcoin, The Leading Cryptocurrency by Market Value, Traded Flat Near $ 105,000, Having Droped Over 3% Last Week, Accounting To Coindesk Data.
Other Key Features of the New Offering Include end-to-end encryption, disappearing messages, and the abity to send any type of file, Incling Audio and Video Files, Windho Files platForms.
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