Re:Bitpost – Private decentralized messaging
by wcummings on Tuesday July 29, 2014 @10:51AM
(#8102499)
So is BitMessage like alt.anonymous.messages on top of a blockchain?
[ Parent
| on HN ]
There is no blockchain. Messages are broadcast (encrypted) to everyone on the network. The biggest similarity to bitcoin is the use of a "Proof of Work" concept. The mechanism for this is different, however.
Re:Bitpost – Private decentralized messaging
by tree_of_item on Tuesday July 29, 2014 @11:09AM
(#8102577)
What do you mean by "there is no blockchain"? Are you saying Bitmessage doesn't work on top of Bitcoin?
Re:Bitpost – Private decentralized messaging
by oleganza on Tuesday July 29, 2014 @11:27AM
(#8102716)
Bitmessage uses similar p2p messaging as Bitcoin (all messages are broadcasted to everyone on best effort basis), similar binary protocol, Base58 encoding for addresses which are hashes of EC pubkeys and per-message proof-of-work to combat spam in Hashcash-manner.
But there's no currency and no blockchain.