#Keybase cryptocurrency how to#
#Keybase cryptocurrency series#

#Keybase cryptocurrency how to#

This includes how to use the API, the command line and other features involved with the Keybase system. The project has quite a bit of literature on the subject for those interested in researching the platform. These are our constraints: no ads, no selling data, we want free, easy public keys for everyone in the world.” “We’re a long way off from worrying about this, but we’ll never run an ad-supported business again. However, the company isn’t concerned about profiting and aims to please the globe. Keybase has no initial plans to how it will profit off the model. Currently, users can easily encrypt, decrypt and share between Keybase accounts and data can also be tethered to Twitter and GitHub.

#Keybase cryptocurrency series#

The service has raised over $10 million USD in Series A funding last year and has been developing the application ever since. Keybase was founded by Chris Coyne and Maxwell Krohn, who created the startup in 2014. Unless Eve can fork the Bitcoin blockchain, Alice and Bob will see the same value, and can catch Eve if she tries to fork Keybase. Now, Alice and Bob can consult the blockchain to find a recent root of the Keybase Merkle tree. Since 16 June 2014, Keybase has been regularly pushing its Merkle Root into the Bitcoin blockchain. “ Thanks to Bitcoin, we are now unforkable,” stated the developers on their page, adding that it would be perfect for users who would like to keep information safeguarded forever like activists, and government 2.0 projects. This is due to the fact the keys that go with your content is hashed into the Bitcoin blockchain and will remain there forever. Users can share data with other Keybase users in an encrypted fashion knowing that the content is secure. The alpha release of Keybase will offer users 10GB of storage, and the service may introduce paid plans and upgrades in the future. This, in turn, allows people to encrypt file sharing with a public and private folder, providing blockchain-based end-to-end encryption.Īlso read: South Korea’s Korbit Introduces ‘Aggregator for Cross-Border Payouts’īig news, everyone, - Alpha releases of the Keybase app are starting to come with a cryptographically secure file mount. The service boasts a system of verifiable signed directories that also using the Bitcoin blockchain to anchor a user’s keys. There’s a new application in crypto-land called Keybase.io a platform that promises cryptographically ensured file sharing.