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Beyond finance and Bitcoin: How blockchain is disrupting secure messaging

  • 📰 Cointelegraph
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The technology’s permissionless, trustless and open-source nature promises to eliminate the messaging application’s security issues

a personal data leak that affected a whopping 500 million users, who saw their details shared online.

By integrating crypto seamlessly into the app's infrastructure, it is able to provide security features that would not be possible without decentralization, and which centralized apps struggle to compete with. Likewise, users can easily avoid interacting with the token that powers the app if they choose to, meaning that the potential market for the product is not limited to crypto users only.

The app is in the process of transitioning from the layer-1 Oxen chain to an EVM-compatible chain, and the OXEN coin will become Session Token: a new ERC-20 token that will run on a layer 2 chain and be compatible with most Web3 applications. Session Token will have a totally upgraded tokenomic structure that is designed to drive growth and enable scalability for Session and its network.

 

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