Bitcoin News and Finance
PocketNet Changes Name to Bastyon and Releases Private Messaging App With PKOIN Chat Payments Skip to main content

PocketNet Changes Name to Bastyon and Releases Private Messaging App With PKOIN Chat Payments

Bastyon’s messaging app would include end-to-end encryption, no link to phone number or any other metadata making it the most private messenger.

Pocketnet, the social network based on proof-of-stake blockchain technology, enters a new phase of growth by changing its name to Bastyon and by releasing a brand new private messaging component.

This new crypto chat app contains state-of-the-art end-to-end encryption and will not use any personally identifiable information from the user. One of the most interesting features of this messenger is its ability to send crypto payments just like any other message.

The Bastyon network now includes:

  • a decentralized social network app
  • a decentralized video and live-streaming platform
  • a private messenger app that is also… you guessed it… decentralized

The underlying blockchain containing all the data used by Bastyon is still named PocketNet and the network token that is used to compensate node operators and network participants is still the PocketCoin (PKOIN). The newly released messenger app contained in Bastyon also allows users to exchange 19 different tokens directly into Pocketcoin. These tokens include BCH, XRP, DOGE, NEO, DASH and others. Direct exchange into Pocketcoin augments the three exchanges offering PKOIN pairs, Bilaxy, Digifinex and Bitforex.

The next step for Bastyon is the completion of the decentralized advertising marketplace that will enable advertisers and authors to use PKOIN to complete riskless advertising deals, using PKOIN smart contracts.

Importance of the Bastyon Private Messenger

Bastyon private messenger differentiates from existing messengers in the following ways:

  • Completely decentralized, non-corporate open source code with no central servers
  • Not connected to your phone number (all major messengers are connected to your mobile number now)
  • Every one-on-one chat is end-to-end encrypted by default
  • All images sent and received are stored encrypted ‘at rest’ meaning that new Apple scanning algorithms will not see them
  • Ability to send crypto to contacts with one click
  • Choose to send PKOIN or 19 other cryptos that can be exchanged directly into Pocketcoin (PKOIN)

Bastyon messenger is hosted on decentralized servers, any user can run a server for themselves or for the network to earn extra PKOIN. This is dramatically different from all major existing messengers. They are either not end-to-end encrypted by default or require a phone number connection, which violates the users’ privacy.

Bastyon messenger also augments the newest video capability of the network. Videos shared on the Bastyon network can be viewed and rated directly in the chat. This will increase the reach for Bastyon video creators.

Success of Video on Bastyon

Bastyon has recently added video uploading capability. Videos are hosted on decentralized servers that can be launched by anyone, with compensation in Pocketcoin (PKOIN). The volume of video uploads is growing exponentially.

Pocketcoin (PKOIN) as the Token of Bastyon

The whole Pocketnet network including Bastyon.com and other apps relies on the Pocketcoin (PKOIN) to compensate and incentivize creators, node operators and users. PKOIN is a proof-of-stake currency on the Pocketnet blockchain.

Uses of PKOIN: Attaching to Comments

Bastyon.com includes a number of novel ways that PKOIN can be used. Users can attach PKOIN to donations for bloggers along with comments to videos, live streams or posts. A comment with a donation will be brought to the top of the discussion, thus incentivizing the author to answer.

Uses of PKOIN: Send through Chat

Bastyon users can now seamlessly send PKOIN in any individual or group chat directly to the user. This is important, because exchanging crypto addresses is tedious and is prone to mistakes. Sending PKOIN through the Bastyon chat is verified by the chat digitial signatures, which are connected to public identiies on the Pocketnet blockchain.

Easy Exchange of 19 Currencies into PKOIN

Bastyon team released a simple tools to exchange 19 different currencies directly into PKOIN, right from the Bastyon PKOIN wallet. The currencies include BCH, DOGE, XRP, ETH, USDT, XLM, NEO, DASH, BAT and others. This enables Bastyon users to support bloggers or send transfers to friends by using many currencies.

PKOIN has recently been listed on three major exchanges Bilaxy, Digifinex and Bitforex. PKOIN has a fixed supply of 24,375 thousand coins that will ever be issued with the first halving coming up.

Future of Decentralized Social Media & Social Crypto Transfers

The new release of Bastyon.com establishes the network and PKOIN as a major player in the decentralized social media and crypto payment space. Pocketnet network and Bastyon are non-corporate open source projects, modeled on Bitcoin. This prevents many of the abuses that social media platforms tend to inflict on users once they grow big.

 

About Pocketnet:

Pocketnet is a decentralized, open-sourced, non-corporate project. It is modeled on Bitcoin and can be called the Bitcoin of social networks, with the major difference that it uses the energy efficient Proof-of-Stake algorithm. Pocketnet is supported by a network of equal decentralized nodes with users maintaining full control of their data and content.

Pocketnet rewards node operators, and all content contributors. Active users can gain reputation and may then participate in the sophisticated content moderation system.

Many active bloggers have abandoned Big Tech’s social networks and turned their attention to Pocketnet.

Pocketcoin (PKOIN) is the native token that facilitates the Proof-Of-Stake network, and emission is limited to 24,375,000. There was no premine or ICO, as the Pocketnet team is dedicated to the Bitcoin model of organic growth.

Download the Pocketnet whitepaper in English here

https://bastyon.com/docs/Bastyon_whitepaper.pdf

Download the Pocketnet whitepaper in Chinese Mandarin here

https://bastyon.com/docs/zh/whitepaper.pdf

Access the Pocketnet GitHub here

https://github.com/pocketnetteam/pocketnet.core

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory