Radar Chat goes online on Tuesday and places end-to-end encrypted chats with bitcoin payments in the same application. Users can make direct transfers within a private interface without having to switch their wallets or copy the collection address.
Develop using Signal protocol
The application was introduced by Cake Wallet team members, but the company stated that Radar Chat and Cake Wallet were independent companies. The product supports iOS and Android, using the Signal open source communication protocol at the bottom, although not officially developed by Signal.
Radar Chat founder Vikrant Sharma stated that the team did not build a communications system from scratch, but instead chose to develop it on the existing privacy communication technology and then add the original bitcoin payment function to the chat.
Bitcoin is sent through the lightning grid.
The bitcoin transfer in application relies on the lightning network. The lightning network is a second-tier payment network of bitcoin, usually used for faster and lower-cost transfer scenarios. Sharma says that Radar is not only for small payments.
- Support the direct start of transfers in chat windows
- Tested for a single payment of up to $5,000
- The ability to transfer depends on the power of the lightning network.
Main call from hosting and asset control
Radar states that the user ' s private key is in his own hands and that the asset is not hosted on the platform. Applying the initial settings will provide the recovery notes to enable users to restore bitcoin wallets on other devices.
In addition, the product provides encrypted backup associated with the Signal account as an additional way of recovery. Sharma stated that, while the current mainstream payment application lowers the transfer threshold, funds are usually held by a centralized platform, which can also view transaction records or freeze accounts.
In line with the team ' s positioning, Radar is more suitable for day-to-day payment scenarios, such as shared expenses, friend-to-friend transfers or tip payments. Such transactions are usually small in value, but more important in terms of speed and operation.