Origin Protocol announces Ethereum-based messaging service

Posted 30 August, 2018

Origin Protocol that focuses on the development of a decentralized marketplace, has launched an Ethereum-based P2P message application. The company stated in its blog that their marketplace project is now in demo-version and powered by a messaging solution that encrypts communication between a buyer and seller.

“Whether a buyer has questions about a product before committing to a purchase, or a host is delivering sensitive instructions to a home sharing guest, messaging is critical component necessary to facilitate meaningful transactions,” the company commented. 

The new service uses Ethereum addresses as public ID for messaging, while the text of the message is encrypted by private keys.

Besides, the Origin representative noted that all messages would be stored using  Interplanetary File System (IPFS), which can save blockchain links to users’ content. With a decentralized marketplace, the ERC-725 standard is also applied aimed at easing settlement of disputes that can arise. This standard provides users with Ethereum-address, so a third-party arbitrator can check the history of the messages but only upon the permission of one of the parties.

In June, the company generated $6 million via ICO. Notably, other organizations also target a launch of their own blockchain-based messaging services ( in particular, Coinbase exchange and US Defense Ministry).

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30 August, 2018 14:38

← Square registers crypto payment system

Payment services provider Square has reportedly licensed new payment system that allows using cryptos among other currencies. The company submitted a patent application to the US Patent and Trademark Office last September. This system will offer processing speed for crypto transactions similar to the traditional ones thanks to a private blockchain for real-time recording.

Square registers crypto payment system

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30 August, 2018 11:50

Huobi Group buyes major stake in Pantronics Holdings for $70 million →

Hong  Kong-based crypto exchange Huobi has reportedly completed the acquisition of Pantronics Holdings which is listed on the Hong Kong exchange. Yesterday, Pantronics Holdings reported that it sold about the major stake (about 199 million of shares) to Huobi Group.

Huobi Group buyes major stake in Pantronics Holdings for $70 million
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