Reading time for the article: 2 minutes Compact: SOCIETY2 wants to present the messenger “Secrets” soon. IOTA Streams went into the beta phase and delivered rapid results. The functionality of SOCIETY2 is linked to IOTA streams. SOCIETY2 is intended to create a new form of social media from the Raise the baptism that gives its users sovereignty over their own data and a piece of privacy. A factor that has been sorely missed in most media of this genre. Recently one announced that the company’s own messaging platform called “Secrets” will soon be the first product available. It should enable users to transmit encrypted and thus confidential messages that should also be available for group chats. At the end of the day, however, the center of SOCIETY2 should be decentralized identities (DID) with which a kind of digital ID is created for users that allows you to verify yourself anywhere. Because the information contained therein should be able to be shared with other platforms. And only the part that the respective user approves.
IOTA streams as a foundation
This brings a second construction site into focus because SOCIETY2 is ultimately based on IOTA streams or is an extension of it. There, too, progress is being made and initial successes have been reported in the beta phase of the project, meaning that the current version is 100 times faster than in the alpha phase. With this, the framework for messages and secure data streams has come to a step further. An important step forward, because the data transfer protocol not only provides the basis for SOCIETY2 but also for devices that are to communicate with one another on the Tangle by means of the further development of “Masked Authenticated Messaging”.
MIOTA course cooled off
As is so often the case, the progress on the developer side has little in common with the course. The rate for MIOTA has corrected since mid-August and is currently around 0.23 US dollars. This development is also due to the overall circumstances because it does not necessarily look better for all other altcoins and tokens. Instead, all eyes are on BTC again, because after the $ 11,000 mark was not permanently exceeded, a price slide below $ 10,000 is now up for debate. If Bitcoin does not play along here, it is to be expected that MIOTA will not see any growth either.