How Secretum Solves Blockchain Problems With Solana!!!
1) There are decentralized applications that allow you to securely exchange messages and files Social networks are constantly facing global challenges.
Instagram Facebook, WhatsApp, and Instagram (both mobile apps and websites) temporarily did not work on October 4. Then users of Twitter, Telegram, TikTok, Google and Amazon services began to complain about failures. And this is the largest, but not an isolated case.
Another serious drawback of social networks is data leaks. Last week, Facebook accused a citizen of Ukraine of stealing and selling personal data of 178 million users of the social network 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. After the last case, the function was removed.
Despite this, social networks are extremely popular — they are used by over 3.6 billion people worldwide. 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 failures.
2) Solving the problem
These problems can be solved by using blockchain technology. A distributed registry allows you to ensure the security and confidentiality of messaging. For example, a Secretum application was created on the Solana platform, the main advantages of which are:
Anonymous registration;
End-to-end encryption;
Lack of data collection of the platform and third-party data.
Communication with other users can take place using a wallet address, the application supports not only text messaging, but also audio and video. Messages do not pass moderation, due to which confidentiality is preserved. 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 losses amount to tens of millions of dollars. In August 2021, an attacker managed to gain access to the "hot" wallets of the Japanese Liquid trading platform, as a result, funds worth over $80 million were stolen.
P2P services solve this problem because they do not store clients' cryptocurrencies. Funds are transferred from the buyer's wallet to the seller's wallet, bypassing a third party. At the same time, the user often does not need to specify personal data, which avoids the risk of leaks and preserves confidentiality.
There are crypto exchanges in Telegram, most of them are insecure and cannot guarantee the safety of the user's funds and the purity of the transfer. To solve this problem, Secretum has integrated the function of P2P cryptocurrency trading, which allows you to exchange not only standard tokens, but also NFT. Transactions take place on the Solana blockchain.
Among other problems of decentralized and centralized crypto exchanges are commissions, overloads and lack of liquidity. This can be avoided by using the Escrow Smart Contract (ESC) function, which is used in the Secretum application.
3) Future
Blockchain technology makes social networks more anonymous, and end-to-end encryption and the absence of data collection increases their privacy. At the same time, the further development of this sphere may consist in the appearance of p2p cryptocurrency exchange services inside applications.
The current problems of Facebook, WhatsApp, Telegram and other "classic" messengers are a catalyst for the development of a new generation of social networks. It is possible that in the near future there will be a lot of decentralized services, the protection of data inside which will take place with the help of independent nodes, and the security of information exchange will not cause questions.