Delivering unparalleled security to users and developers, a blockchain ecosystem has launched a suite of tools designed to build a more private future for the internet
No prior knowledge of blockchain technology is required to make the most of these apps, according to the project and Oxen’s products are free to download and use
A private messaging platform that has already amassed more than 100,000 users across multiple operating systems, according to One of the platform’s flagship apps is Session. Also, with cryptography used to minimize metadata leakage,a cutting-edge protocol paves the way for fully anonymous account creation Users can engage in one-to-one chats with ease or communicate in closed groups of up to 100 people.
Meanwhile, Lokinet is a low-latency onion router that unlocks private browsing, alongside voice and video calls. It is joined by Blink, an anonymous payments mechanism that delivers instant transactions without compromising on privacy or security.
At the core of this ecosystem is OXEN, a privacy-by-default cryptocurrency that can be bought, held and staked — powering all of the aforementioned decentralized applications. The Oxen blockchain is one of the first privacy coins based on the CryptoNote protocol to adopt Proof of Stake consensus. Oxen says its implementation, dubbed Pulse, makes its token the most environmentally friendly privacy coin in the world.
As well as preserving identities during transactions, OXEN can be used to purchase permanent usernames and upgrades in the Session app, and it’s used to deliver rewards to the node operators who deliver high-quality service on Lokinet. Acquiring many of these extras involves burning OXEN, which reduces circulating supply.
Oxen’s ecosystem is already making a splash on Crypto Twitter, with high-profile posts and retweets from the likes of Elon Musk and Kim Dotcom.
Oxen CEO Simon Harman told Cointelegraph: “Privacy and blockchain technology both strive to put the power back in the hands of the people. They’re both gaining traction this year, and we are perfectly placed at the intersection of these growing sectors. It’s exciting to see big names in the tech space throwing their support behind projects like ours.”
According to Oxen, Lokinet is a more robust and feature-rich competitor to Tor that fully embraces cryptocurrencies and decentralization, all while accelerating the long-awaited shift to Web 3.0.
Record-breaking numbers have also been reported when it comes to the service nodes that power the Oxen network, and the open-source code that powers Session has now been successfully audited.