Origin Is Rolling Out a Decentralized Messaging App Built on Ethereum

Origin Protocol, a blockchain project building a decentralized marketplace, has rolled out a P2P messaging app on its demo platform.

AccessTimeIconAug 29, 2018 at 4:00 p.m. UTC
Updated Sep 13, 2021 at 8:20 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Origin Protocol, a blockchain project building a decentralized marketplace, has rolled out a peer-to-peer messaging application built on top of ethereum.

The project wrote in a blog post on Wednesday that the open-sourced messaging function is now up and running on its marketplace demo, creating an encrypted communication channel between buyers and sellers.

The technology works by utilizing users' ethereum addresses as a public ID for sending and receiving text messages, while the content itself is encrypted via users' private keys. However, the post adds, since the data will not be broadcast to the ethereum network, sending messages will not incur "gas" fees as normal transactions on ethereum would do.

Further, messages will be stored using the Interplanetary File System (IPFS), a technology that distributes data across a web of computers and can link to information on a blockchain.

Since a decentralized marketplace may experience disputes between buyers and sellers, the app adopts the ERC-725 standard, which links identity to a specific ethereum address and also allows a third-party arbitrator to audit conversation histories once granted permission by one of the participants.

Origin indicted that, besides sending text messages, it plans to extend the peer-to-peer communication tool to support multimedia content and machine-readable messages between decentralized applications.

The app launch comes after Origin raised $6 million via an initial coin offering in June.

As previously reported by CoinDesk, several other organizations have revealed plans to develop blockchain-based messaging applications, including cryptocurrency exchange Coinbase and the U.S. Department of Defense.

Messaging image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.