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.

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Harold

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Bonfida

Cross-chain

Messaging Platform

Open Chat Alliance

Paul Kim

Social Only1

Solana

xMS

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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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.

???? Introducing — Open Chat Alliance & xMS ????@NotifiNetwork x @bonfida x @only1nft

• In efforts to improve the communications between projects & their users, we’ve partnered with over 27+ projects to build a new open source messaging standard in web3. (1/8) ???? https://t.co/rTBrDJHvO1 pic.twitter.com/kl4BTeEPwf

— Notifi (@NotifiNetwork) August 23, 2022

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.

• xMS is a cross-chain messaging service built to be interoperable & easily accessible with both on/off-chain capabilities.

✅ Notifications via @NotifiNetwork
✅ Off-chain messaging by @only1nft
✅ SNS compatibility via @bonfida
✅ On-chain msging Jabber via @bonfida

(3/8)

— Notifi (@NotifiNetwork) August 23, 2022

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

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