![]() ![]() So this blog post is basically me writing down what I learned about Stellar and why I found it interesting from the perspective of trying to find a cheap, secure way to send remittance to the United States from Canada (which, spoiler alert, Stellar can't do for me yet, but the technology is there if someone would let me get CAD on to the Stellar network). ![]() and and what they want to do with what they own". But when I was poking around the web site and I found a code of conduct and a roadmap that both seemed reasonable, that's when I decided to dive into Stellar and I came out thinking that's it's actually a rather cool piece of technology for people to track "what they own. Stellar is a blockchain, but it works more like cash-Stellar is much faster and cheaper than bitcoin, for example. It’s decentralized, open-source, and developer-friendly, so anyone can issue assets, settle payments, and trade. Trusting that Keybase wasn't getting into anything nefarious, that enticed me enough to dig a little deeper into Stellar and find their overview page which has the following summary: Stellar is a multi-currency payment backend that tens of thousands of people use every day. ![]() Curious, I read the rest of the message and found a link to Keybase's "airdrop" announcement which explained that Keybase was actually facilitating the message. But then I realized that Keybase wouldn't let a random person message me like that. All of that screamed "cryptocurrency" which isn't my thing, so my initial reaction was this was some scam by someone who randomly messaged me on Keybase trying to get me to buy into some new cryptocurrency. The message said I was being given 356.2904939 XLM as a surprise gift of "free Lumens worth $20.98 USD" from the Stellar Development Foundation. Keybase raised $10.8 million in venture capital funding from Andreessen Horowitz and other investors in 2015.On Septemwhile I was in London, UK at the Python core dev sprints, I got a message from a user named "spacedrop" on Keybase. Krohn and Coyne hinted that, in a couple of weeks, they will have another release-an “encrypted git for teams,” meaning private repositories for code that may prove popular with software programmers. He felt the best way to do that is though cryptography, which allows people to control their data, authenticate their identities, maintain privacy, and share only what they want to. Krohn, who received a PhD in computer science with an emphasis on digital security from MIT in 2011, started focusing on how he could put power back in the hands of users. All that data can be used to draw up deeply intimate portraits of customers. Customers would readily share information they normally wouldn’t reveal to others-like how many people they’ve had sex with, or what fetishes they’re into. The former Harvard roommates said that they were perturbed to learn how open people were with dating sites like OkCupid. Coyne and Krohn are, in part, atoning for their past success at OkCupid, they told Fortune. Each offering plays into the company’s mission to bring secure, cryptographic tools to the masses.įor the founders, Keybase’s privacy mission is a personal one. This update represents the latest addition to Keybase’s crypto capabilities, including one-on-one encrypted chats, encrypted file sharing, and verification for accounts on social networks such as Facebook, Twitter, and Reddit. Get Data Sheet, Fortune ’s technology newsletter ![]() Anyone who joins early on will grandfathered in and not have to pay in the future, the team said in its blog post. Teams can then create chats, channels, or sub-teams devoted to any particular project or subject of interest, ranging from kittens to cryptocurrencies.Īlthough the app is free, Keybase said it plans eventually to make money by charging businesses for their use, similar to what Slack does. On the current version of the Keybase app, up to 1,000 people can join any given team, or group of users. ![]()
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