Solana Projects Collaborate To Launch Cross-chain Messaging Platform
The alliance of standout platforms built on Solana is working together to advance Web3 messaging by combining development on a new platform.
The product this time called Open Chat Alliance announced on August 23 is developed by more than 27 projects on Solana, most notably the Notifi Network messaging protocol, Bonfida, and communication platform Social Only1.
Their plan is to create a transparent and interoperable standard for handling crypto-based messages that can rapidly grow across the industry through the adoption of xMS open source standards.
According to the announcement, xMS is a cross-chain messaging service built to be interoperable and easily accessible with both on/off-chain capabilities. The Open Chat Alliance community will receive exclusive xMS access during this first alpha phase.
The alliance says it will form a communication standard that projects on different blockchains can use and interact easily despite the technological differences between those blockchains. The Open Chat Alliance standard, for example, will make it easy for Solana users to send a message to someone on Ethereum.
This can be a unique idea, but it is also quite challenging when Open Chat Alliance is involved in cross-chain because recently it is a top target for hackers.
Notifi Network CEO Paul Kim explains the risks of cross-chain hacking were considered by the development team before the project launch and this is why Open Chat Alliance’s framework is only messaging service-specific.
“There are multiple different features as a user you can subscribe to and, depending on which feature you use, different security protocols. But at the end of the day, we’re not really interacting just yet with any of the transactions beyond just communication.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Author
Blockchain
Solana Projects Collaborate To Launch Cross-chain Messaging Platform
The alliance of standout platforms built on Solana is working together to advance Web3 messaging by combining development on a new platform.
The product this time called Open Chat Alliance announced on August 23 is developed by more than 27 projects on Solana, most notably the Notifi Network messaging protocol, Bonfida, and communication platform Social Only1.
Their plan is to create a transparent and interoperable standard for handling crypto-based messages that can rapidly grow across the industry through the adoption of xMS open source standards.
According to the announcement, xMS is a cross-chain messaging service built to be interoperable and easily accessible with both on/off-chain capabilities. The Open Chat Alliance community will receive exclusive xMS access during this first alpha phase.
The alliance says it will form a communication standard that projects on different blockchains can use and interact easily despite the technological differences between those blockchains. The Open Chat Alliance standard, for example, will make it easy for Solana users to send a message to someone on Ethereum.
This can be a unique idea, but it is also quite challenging when Open Chat Alliance is involved in cross-chain because recently it is a top target for hackers.
Notifi Network CEO Paul Kim explains the risks of cross-chain hacking were considered by the development team before the project launch and this is why Open Chat Alliance’s framework is only messaging service-specific.
“There are multiple different features as a user you can subscribe to and, depending on which feature you use, different security protocols. But at the end of the day, we’re not really interacting just yet with any of the transactions beyond just communication.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Other Posts
Related Posts
Latest
Gavin Wood signals next steps for Polkadot’s revolutionary JAM protocol at sub0 reset
Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!
Press Release
Gavin Wood signals next steps for Polkadot’s revolutionary JAM protocol at sub0 reset
Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!
