Hansa market bitmessage4/17/2023 ![]() ![]() Instead of sending coins (like Bitcoin), Bitmessage allows you to send private and encrypted messages - making it a highly secure alternative to email. Similar to Bitcoin, it uses a proof of work (PoW) system to encrypt and randomize your information. This is why BitBay’s entire platform (minus its Proof of Stake 3.0 blockchain transactions) has been built upon a unique protocol called BitMessage.īitMessage is a decentralized communications protocol. So far, the only proven method for guaranteeing that a thief cannot steal everyone’s data is decentralization. When a large company stores 100 + million people’s information on a central server, it becomes a MASSIVE honeypot for hackers. It is also a weakness that grows with the scale of the network’s growth. It is both the place and the method of our personal information storage which ultimately creates such a security weakness. ![]() Underneath all of those outlets, however, is one aspect that ultimately propagates this vulnerability. ![]() Every social media platform, messaging app, online merchant, financial institution and other outlets can be a “one-stop shop” for shady characters to break in and hijack our identities. Our personal (and financial) information gets spread throughout the internet around the clock. For many of us - that lack of privacy is unfortunately much more than a feeling. The global population is surging well past 7 Billion people and it may feel like our personal information is becoming increasingly difficult to keep private. ![]()
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