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Details: ht
The challenge lies in the fact that blockchain technology primarily utilizes digital signatures to authenticate public transactions, not encryption to safeguard private communications. Tech experts express confusion and raise concerns about the app's security, as this description fails to elucidate how it will protect users' conversations.
In essence, the underlying technology of blockchain differs significantly from the encryption protocols necessary to ensure privacy in a messaging application.
🔸Cryptocurrency Market Remained Stable Despite GateChat Announcement
Indeed, the cryptocurrency market maintained its stability, with Bitcoin hovering around $105,000 following the announcement of GateChat by Gate's CEO.
This stability suggests that the crypto market has evolved, becoming less reactive to individual statements and more influenced by broader economic factors and industry developments.