Elon Musk introduced a new messenger called XChat, immediately stirring controversy due to his claims regarding encryption.
Launch of XChat and Its Features
On June 2, 2025, Elon Musk announced the launch of a new messenger XChat on the X platform. He emphasized its encryption capabilities similar to Bitcoin, including features like disappearing messages, file transfers, and video calling.
Criticism of Musk's Encryption Claims
Experts quickly reacted to Musk's statements, pointing out inaccuracies in the terminology. They noted that Bitcoin's security is based on SHA-256 hashing, while Musk's claimed encryption method does not align with this description. Critics like Samson Mow and Luke Dashjr emphasized that Bitcoin utilizes elliptic curve cryptography.
Impact on Financial Markets and Technologies
Despite the backlash, Musk's claims have not yet resulted in noticeable effects on financial markets. Analysts suggest that such marketing tactics may mislead users regarding the platform's actual security. Ongoing discussions in the expert community highlight the need for careful usage of cryptographic terms in technology marketing.
Elon Musk's launch of XChat raises many questions, and experts' reactions to his controversial statements underscore the importance of precise understanding of encryption technologies in the industry.
