e-Chat : First Decentralized Messenger with Capabilities of a Multi-currency Crypto-Wallet
e-Chat is a promising startup that has already run a number of ICOs and managed to get love and appreciation from millions of user, followers, and investors from all over the world. The additional round of ICO starts on January 8 and lasts until February 15, 2018! This is the first ICO run by the e-Chat team that provides the system of flexible discounts throughout the whole presale period.
Problems and Solutions
To date, messengers are among the most common applications. This is facilitated by the widespread dissemination of smartphones and Internet access. With every passing day, more and more messengers are appearing on the market. Each messenger has its own audience, and as a result, it is necessary to install dozens of applications in the smartphone to communicate with friends.
Such a variety of messengers is due to the fact that at some point, commercial organizations were able to offer much more attractive communication solutions than existing open standards (for example, SMS). Developers and owners of numerous commercial messengers put commercial gains in first place, and factors such as anonymity and confidentiality of users are of secondary importance. In most cases, commercial messengers have a number of drawbacks:
Centralized management
All correspondence goes through the server of the company owning the messenger, and the company can dictate its rules: block messages on a certain subject or prohibit the transfer of certain files. The company may also be subject to government pressure, and may be asked to disclose users’ correspondence or to impose certain restrictions upon their request.
Centralized architecture
This problem is due to the presence of a single point of failure. On the one hand, it allows to block access to a certain service for the whole country. On the other hand, technical problems on the management servers may lead to unavailability of the service for all or a significant part of users.
No end-to-end encryption
This mechanism could guarantee complete confidentiality of data all the way from the sender to the recipient. In other cases, the data can be opened on the server through which communication is performed.
Connection of phone number
The mandatory requirement of binding a phone number, email or account from another system does not allow anonymous correspondence. And the stored data on user accounts on messenger servers often become the target of hacker attacks. Hackers use this intercepted data for resale or blackmail.
To solve these problems, e-Chat team is developing a multifunctional messenger, the architecture thereof is based on P2P communication, distributed data storage in IPFS and end-to-end encryption. The solution, based on a combination of these technologies, is consistent with the principles of decentralization, confidentiality and resistance to attacks.
About e-Chat?
e-Chat is the world’s first multitask messenger built with a decentralized technology in mind. A beta version is available for download and testing in App Store and Google Play right now. Of course, we do expect a few possible imperfections within the current system at this point, all of which will be addressed in future reiterations.
e-Chat incorporates all the best :
- Awesome Messenger (chat, audio, and video calls)
- Personal Finance (receive, transfer and exchange money using integrated multi-currency crypto-wallet or attach your credit card to pay for goods and services)
- Best viral content
- Ultimate Privacy and Security
- Great Sustainability
Our goal is to create a methodology of communication which does not depend upon servers online or government decisions. We provide a high level of privacy and best security for your data, at the same time, offering the most convenient functions for the community.
1. e-Chat Messenger has all standard functions such as the transmission of text, images, voice, video, files, stickers, secret chats, etc. but also offers these unique features :
- SCREENS. Swipe left or right to switch between chats, rooms, and channels
- Use bots. The e-Chat platform allows bots for a variety of tasks
- Confidentiality. All data is encrypted with MTProto and diffused over the network of millions of computers around the globe
- Security. The highest level of security and privacy is provided by proofof-replication and proof-of-spacetime consensus, as well as with a robust codebase
2. Finance
- Monetize your social profile with paid chats and ads via integrated cryptocurrency — e-Chat coin.
- Earn on your content and generate revenue from likes.
- Send tips to friends. Excellent posts, jokes, or comments can be praised with a small tip.
- Create channels for your business. Promote your brand and generate sales. Receive payments and send rewards with ECHT.
- Store and transfer funds in internal (ECHT), and popular cryptocurrencies like ETH, BTC, LTC, ZCH, etc.
- Deposit cash in USD
- VISA, Mastercard, Alipay and UnionPay merchants connected so you can pay anywhere in the world.
3. High-Quality content
- Find exciting channels and chats using keywords. Then subscribing to them.
- Select only high-quality content based on the channel rating.
- Limit users of your conversation or channel making access to it paid.
Architecture and Technology
The transfer of messages in classic messengers is carried out according to
the principle «client-server-client»:
This technology undoubtedly has its advantages: quick search of users on a
single database, storage of correspondence and synchronization between
all devices of one user, service for transfer and storage of files, quick
connection even if clients work through NAT.
But in certain cases, the pros become cons. The storage of correspondence
and data about users on the servers of the service jeopardize the
confidentiality of this data. Data and correspondence can reach third
parties as a result of server hacking, can be disclosed by the owners of the
service at the request of government agencies or special services, and can
simply be available to the employees of the service.
Another drawback of this architecture is a single point of failure - the
server. If the server stops working for some reason, then the service also
stops working.
The core of the e-Chat messenger is the concept of decentralized
messaging. This concept lies in creating an instant messenger, which will
ensure the anonymity of users, confidentiality of correspondence and the
absence of a single point of failure.
E-Chat Application
The e-Chat application is a decentralized messenger with a built-in
lightweight purse for BTC, ETH, ECHT tokens and any other ERC20
compatible tokens.
E-Chat Application, Messenger Functionality
e-Chat messenger embodies the concept of peer-to-peer (P2P)
interaction. In P2P networks, clients are connected for data transmission
directly, outside the servers.
How It Works?
When you send a message from one user to another, you connect through a P2P connection. If the instant access to data is not required, all information is being stored to the IPFS-based decentralized storage network (DSN). Thus, all user data remains protected from any interference.
For the safety of sent messages and users, following our principle of the Proof of Storage algorithm, there is a place for the distributed storage of information to be kept safe. Users of e-Chat can independently set the time for storing messages.
To secure the operation of the blockchain, e-Chat stores the «URL» of message or file directly to IPFS.
E-Chat Features
- Audio calls,
- Individual and group text chats,
- Video calls,
- Live broadcasts,
- information channels,
- Paid channels,
- Cryptolikes,
- Cryptocurrency transfers between users,
- Cryptocurrency micropayments via offline solutions,
- Issue and connection to a payment card account,
- ECHT token conversion into fiat money.
Security From E-Chat
For the security of sent messages and users, following our principle of the Proof of Storage algorithm, there is a place for storing distributed information to keep it secure. E-Chat users can set the time for storing messages independently. To secure the operation of blockchain, e-Chat stores «URL» messages or files directly to IPFS.
Multi Currency wallet
All of us observed how the cryptocurrency market increased more than 7 times from $12 billion up to $90 billion this year, while the mobile payments market in 2017 amounted to $780,000,000,000 which shows their relevance for a modern messenger. With the help of e-Chat, you can make instant transactions to your friends, pay for online and offline services, as well as payment for the services in the internal messenger ecosystem.
Tokens Distribution
This amount is based on the fact that in 2017 the messengers market has 3.5 billion users. Moreover, we know that all popular instant messengers suffer considerably from one common problem — monetization. e-Chat creates a new integrated model, allowing for the use of all messenger functions for free, as well as to earn money and make purchases. Thus, we create the infrastructure to monetize the project efficiently. It includes areas for communication, streaming, blogging, financial transactions, data transmission, telephony, integration of mobile games, and applications.
Token Detail
Token distribution phase #1 Pre-ICO
- Start date : 16th of October 2017 (12:00 PM London Time, GMT-0)
- End date : 15th of November 2017 (12:00 PM London Time, GMT-0)
- e-Chat tokens distribution cap (phase #1) : 5,000,000 ECHT
- Currency accepted : ETH, BTC, LTC, ZEC, BTS
- Token exchange rate : 1 ECHT = 0.7 USD
- Amount of tokens per one person : unlimited
- Minimum transaction amount : $10
- Maximum transaction amount : unlimited
Token distribution phase #2–3 ICO
- Start date : 16th of November 2017 (12:00 PM London Time, GMT-0)
- End date : 30th of December 2017 (12:00 PM London Time, GMT-0)
- Currency accepted : ETH, BTC, LTC, ZEC, BTS
- Amount of tokens per one person : unlimited
- Minimum transaction amount : unlimited
- Maximum transaction amount : unlimited
Token distribution phase #2 ICO round 1
- Start date : 16th of November 2017 (12:00 PM London Time, GMT-0)
- End date : 15th of December 2017 (12:00 PM London Time, GMT-0)
- Token exchange rate : 1 ECHT = 0.75 USD
Token distribution phase #3 ICO round 2
- Start date: 16th of December 2017 (12:00 PM London Time, GMT-0)
- End date : 30th of December 2017 (12:00 PM London Time, GMT-0)
- Token exchange rate: 1 ECHT = 0.8 USD
Team e-Chat
For More Information :
Website : https://ico.echat.io/?r=AzBdjMR1
Twitter : https://twitter.com/e_Chat_ICO
Telegram : https://t.me/ico_eChat
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1299271
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