P2P Messaging Apps Offer an Unparalleled Level of Privacy but Some Limitations Still Exist
Thursday,11/07/2024|12:00GMTby
FM
Most P2P messaging apps currently face a significant limitations.
Over the past decade, individual data privacy has been under siege like never before. In fact, just earlier this year, a major data breach exposed millions of two-factor authentication (2FA) codes associated with leading messaging platforms such as WhatsApp. In response to these repeated incidents, peer-to-peer (P2P) messengers have quickly emerged as a silver lining for individuals seeking secure communication avenues — since these apps promise direct, encrypted connections between users, free from the prying eyes of centralized entities.
However, despite their allure, most P2P messaging apps currently face a significant limitation, i.e. messages can only be exchanged when both parties are actively using the application — thus undermining their effectiveness in today's fast-paced world. This limitation stems from the very nature of P2P tech because, without a centralized server to store and forward messages, there's nowhere for a message to "wait" if the recipient is offline.
Consider a scenario where Dave wants to urgently ping Wendy using such an app. If Wendy’s device is turned off or her app isn't running, Dave’s message has nowhere to go. It can't be stored on a server (as there isn't one), and it can't reach the recipient device directly. As a result, the two parties have to wait until both are online concurrently, leading to a loss of critical communication windows.
This limitation in itself makes P2P messaging apps impractical for many real-world scenarios, especially in today’s world, where individuals often have to communicate through different time zones with varying schedules.
Decentralization could be the key
While the aforementioned limitation is undoubtedly significant, it is by no means unconquerable. In fact, the solution lies in robust decentralization, wherein a large, distributed network can act as a temporary custodian for messages, holding them securely until the recipient comes online. This approach combines the privacy of P2P communication while offering the same level of convenience as traditional messaging systems.
One platform actively using this approach is Session, a decentralized messager that combines several innovative modules and technologies to provide secure, private communication channels without compromising on everyday usability.
Session's operational methodology revolves around two key concepts. The application utilizes a decentralized network of community-operated nodes organized into small cooperative groups called ‘swarms.’ These swarms work together to store and route messages, ensuring delivery even if some nodes become unreachable.
To protect user privacy, Session employs a framework called ‘onion routing’ that obscures the origin and destination of each message. Every encrypted message is routed through three nodes in the network, making it virtually impossible for any single node to gather meaningful information about the users or their communications.
When a user sends a message, it's securely stored within the swarm network until the recipient comes online. The recipient's device then retrieves the message from the network, maintaining the privacy of both sender and receiver throughout the process.
The future of messaging
As traditional messaging services continue to face a barrage of security breaches and privacy concerns, the demand for more secure alternatives has been on the rise. For instance, in February 2023, a massive data leak affected WhatsApp, with reports suggesting that the development resulted in the personal data of nearly 500 million WhatsApp users (including phone numbers from 84 countries) being put up for sale on a hacking forum.
To elaborate, the breach included over 32 million US user records, 45 million from Egypt, and significant numbers from Italy, Saudi Arabia, France, and Turkey. Similarly, Asian messaging behemoth Line also faced similar issues earlier in 2024 when miscreants were able to steal the personal information of 440,000 users, 86,000 business partners, and 51,000 employees.
Lastly, experts discovered a vulnerability in Telegram's voice call feature (back in October 2023) that exposed user IP addresses during calls. Despite Telegram's emphasis on security, the issue highlighted the ever-present risks associated with messaging services controlled by a single entity.
Therefore, moving forward, the adoption of non-local messaging platforms like Session is likely to accelerate. By combining the best of both worlds — i.e. P2P privacy and ease of use — these platforms are offering users a robust solution that stands to herald a major revolution within the global messaging landscape. Interesting times ahead!!
Over the past decade, individual data privacy has been under siege like never before. In fact, just earlier this year, a major data breach exposed millions of two-factor authentication (2FA) codes associated with leading messaging platforms such as WhatsApp. In response to these repeated incidents, peer-to-peer (P2P) messengers have quickly emerged as a silver lining for individuals seeking secure communication avenues — since these apps promise direct, encrypted connections between users, free from the prying eyes of centralized entities.
However, despite their allure, most P2P messaging apps currently face a significant limitation, i.e. messages can only be exchanged when both parties are actively using the application — thus undermining their effectiveness in today's fast-paced world. This limitation stems from the very nature of P2P tech because, without a centralized server to store and forward messages, there's nowhere for a message to "wait" if the recipient is offline.
Consider a scenario where Dave wants to urgently ping Wendy using such an app. If Wendy’s device is turned off or her app isn't running, Dave’s message has nowhere to go. It can't be stored on a server (as there isn't one), and it can't reach the recipient device directly. As a result, the two parties have to wait until both are online concurrently, leading to a loss of critical communication windows.
This limitation in itself makes P2P messaging apps impractical for many real-world scenarios, especially in today’s world, where individuals often have to communicate through different time zones with varying schedules.
Decentralization could be the key
While the aforementioned limitation is undoubtedly significant, it is by no means unconquerable. In fact, the solution lies in robust decentralization, wherein a large, distributed network can act as a temporary custodian for messages, holding them securely until the recipient comes online. This approach combines the privacy of P2P communication while offering the same level of convenience as traditional messaging systems.
One platform actively using this approach is Session, a decentralized messager that combines several innovative modules and technologies to provide secure, private communication channels without compromising on everyday usability.
Session's operational methodology revolves around two key concepts. The application utilizes a decentralized network of community-operated nodes organized into small cooperative groups called ‘swarms.’ These swarms work together to store and route messages, ensuring delivery even if some nodes become unreachable.
To protect user privacy, Session employs a framework called ‘onion routing’ that obscures the origin and destination of each message. Every encrypted message is routed through three nodes in the network, making it virtually impossible for any single node to gather meaningful information about the users or their communications.
When a user sends a message, it's securely stored within the swarm network until the recipient comes online. The recipient's device then retrieves the message from the network, maintaining the privacy of both sender and receiver throughout the process.
The future of messaging
As traditional messaging services continue to face a barrage of security breaches and privacy concerns, the demand for more secure alternatives has been on the rise. For instance, in February 2023, a massive data leak affected WhatsApp, with reports suggesting that the development resulted in the personal data of nearly 500 million WhatsApp users (including phone numbers from 84 countries) being put up for sale on a hacking forum.
To elaborate, the breach included over 32 million US user records, 45 million from Egypt, and significant numbers from Italy, Saudi Arabia, France, and Turkey. Similarly, Asian messaging behemoth Line also faced similar issues earlier in 2024 when miscreants were able to steal the personal information of 440,000 users, 86,000 business partners, and 51,000 employees.
Lastly, experts discovered a vulnerability in Telegram's voice call feature (back in October 2023) that exposed user IP addresses during calls. Despite Telegram's emphasis on security, the issue highlighted the ever-present risks associated with messaging services controlled by a single entity.
Therefore, moving forward, the adoption of non-local messaging platforms like Session is likely to accelerate. By combining the best of both worlds — i.e. P2P privacy and ease of use — these platforms are offering users a robust solution that stands to herald a major revolution within the global messaging landscape. Interesting times ahead!!
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How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
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Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
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Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
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📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
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We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go