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A new era of messaging applications will soon cross the chasm of mass adoption of Web3. The Web3 messaging application will become an integral part of the blockchain ecosystem, allowing users to communicate with each other and interact with decentralized applications (DApps) and the protocol itself in a secure, direct and decentralized way. This article discusses the benefits and challenges of Web3 messaging applications and their impact on the future of communications.
Web3 messaging protocols such as Extensible Message Transport Protocol (XMTP) are implemented in decentralized communication networks and use a peer-to-peer architecture to facilitate communication between verifiable identifiers such as Ethereum public addresses and Ethereum Name Service domains. . Unlike traditional messaging platforms such as Telegram and Discord, which are centralized and rely on central servers to route messages, the Web3 messaging protocol uses a decentralized network to allow users to communicate through wallets without intermediaries. Create a trustless environment.
One of the advantages of the Web3 messaging protocol is its distributed nature, which ensures message security. In traditional messaging platforms, messages are often stored on centralized servers, making them vulnerable to cyberattacks and data breaches. In contrast, the Web3 messaging protocol uses cryptographic algorithms to protect messages from unauthorized access, making interception and decryption virtually impossible.
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Moreover, it is easy for the message recipient to prove the authenticity of the message sender. Twitter and his Discord are full of scammers and phishing attacks via “official” fake accounts. With Web3 messaging applications, proving a sender’s authenticity is very easy and can be verified quickly on-chain, greatly reducing the chances of falling victim to scammers.
Another advantage of the Web3 messaging protocol is the ability to enable micropayments for messaging services. Micropayments help combat spam and trolling because spammers are less likely to waste money on low-quality messages.
—ShitpostGateway (@ShitpostGate) March 21, 2023
Of course, users don’t have to pay anything if they don’t want to pay when sending a message, but as a way to reduce spam and generate revenue, the ability to require senders to pay a fee to send messages is a feature. I have. You can imagine a feature where if someone who is not in your contacts wants to contact you, they have to pay a certain amount in locked tokens and the sender can return it if the message is genuine and not spam. This may solve Web2’s spam problem.
However, there are also challenges associated with Web3 messaging applications. One of the major issues is scalability. This is because the current infrastructure of most blockchain networks cannot support the large number of messages that traditional messaging platforms handle. Additionally, the Web3 messaging protocol currently requires a certain level of technical proficiency to use, which can discourage non-technical users from adopting them.
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Both of these issues have been addressed or will be addressed soon. With more and more scaling solutions on the market, the scalability problem will be solved. In some cases, it has already been resolved. Account abstraction solutions have been invented that allow the average user to interact with accounts without being technically savvy.
Additionally, there is a risk that the Web3 messaging protocol could become a means of communication for criminals, as the distributed nature of the network makes it difficult for law enforcement to track and track illegal activity. Therefore, clear regulations and guidelines are needed to prevent abuse of the Web3 messaging protocol.
Despite these challenges, the potential of Web3 messaging applications is immense. As the world becomes more and more digital, the need for secure and decentralized communications will only grow. Web3 messaging applications have the potential to revolutionize the way we communicate, enabling new levels of privacy, security and transparency. Discord and Twitter will become obsolete as data moves on the chain.
The Web3 messaging protocol is a promising development in the blockchain ecosystem, offering a secure and decentralized way to communicate between users, DApps and protocols. Although there are challenges to adoption, such as scalability and risks of misuse, the benefits of the Web3 messaging protocol outweigh the risks. As blockchain technology continues to evolve, we can expect to see more innovation in the Web3 messaging space, paving the way for a new era of communication that will make old apps obsolete.
Darius Mukhtarzadeh Entrepreneur and advisor focused on decentralized social media applications. He is the co-founder of Lens Protocol’s NFT meme his platform, memester.xyz, and previously worked as a researcher at Sygnum, a digital asset bank. He has also worked at Ernst & Young’s blockchain consultancy and Swiss Crypto He Valley startups.
This article is for general information purposes and is not intended, and should not be construed as legal or investment advice. The views, thoughts and opinions expressed herein are those of the author and do not necessarily reflect or represent the views or opinions of Cointelegraph.