Blockchain is the technology that started it all – it’s what makes millions of transactions sent through peer-to-peer cryptocurrency networks every year. And now, it’s making its way into one of the most important parts of everyday life – communication. What is blockchain and how does it impact the way we communicate with others?
Blockchain is Powerful: What makes it so powerful?
Consensus mechanisms are processes which verify that data in blocks is legitimate and determine where blocks of a specific blockchain belong. They allow cryptocurrency network to decide the state of the blockchains. If nodes within a cryptocurrency network disagree on a blockchain’s true state, then protocols specific to each network automatically settle the dispute and determine the correct blockchain. This is why it’s very hard for attackers to make fraudulent transactions.
Blockchains also have an attractive characteristic: their inability to be changed or reversed without consensus mechanisms. Without majority consensus, data stored in blockchains can’t be changed or reversed retroactively. To change the status of a crypto network, 51% must be present. It becomes increasingly difficult for one entity to manage 51% of a growing cryptocurrency network. Large cryptocurrencies such as Bitcoin are able to ensure that transactions remain secure. This allows individuals and businesses alike to feel secure about their money.
Blockchain revolutionizes communication
TokLok is a messaging app that uses similar technology to transform online communication. TokLok sends encrypted, decentralized communications between mobile phones using a peer to peer network. It guarantees absolute privacy and secure communications.
Two layers of encryption protect the messages that are being sent from one telephone to another. Next, the messages travel across the network until they reach their destination. Only devices with correct secret codes are able to decrypt them and make them available for reading. This ensures that they can’t be intercepted. Anyone who attempts to alter or sniff the messages can’t because of this combination of secret codes and encryption. Users can trust their communications are safe, secure and undamaged.
There are many encrypted messaging apps, but none that go to the same lengths as TokLok to secure user data. Because TokLok sends messages directly between phones, those messages never touch a third-party data provider, completely skipping cellular networks and internet service providers. Because messages sent through third-party networks could be intercepted and altered on their journey to their destinations, this is crucial. Without knowing what happens between a message’s start and end point, it’s impossible to determine whether they are being spied upon or altered.
This worry isn’t unfounded. Edward Snowden’s famous PRISM documents revealed in 2013 that the National Security Agency of the United States (NSA) had backdoor access to many major internet platforms. Microsoft, Google, Facebook, and Apple were all named – either voluntarily or by force, these companies enabled the United States government to spy on anyone using their services. No data is secure between hackers and government surveillance.
Privacy is vital even when there are no secrets. The data sent to third-party service providers can be saved indefinitely and used in many nefarious ways. You can use personal information to identify individuals to change their views, follow their movements, impersonate or steal their identity.
TokLok has been developed but maintaining the safest messenger can be a difficult task. Every day, cyber security threats change. TokLok decided to make its initial coin offering (ICO) public. TOL tokens that have been sold will be distributed over the Ethereum blockchain. The funds from these sales can be used to fund continuous updates as well as the development and enhancement of new features.
The first round of TokLok’s ICO has already begun. The token will be offered in three rounds. Each round has a different price. Investors from all corners of the crypto space have jumped in because TokLok is the only messaging app to provide full security.