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    Daily Dose: Satoshi Statue

    pubsub.do.nohost.me / Decentralized Today · Thursday, 3 June - 09:55 · 2 minutes

Daily Dose: Satoshi Statue

Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary.

According to local news outlet Hungary Today, sculptors, Réka Gergely and Tamás Gilly are designing the statue, and have unveiled initial plans depicting a figure with a featureless face wearing a Bitcoin hoodie.

Daily Dose: Satoshi Statue Image: Réka Gergely

The hood is over the figure's head, and the face will be made from a reflective surface so that viewers can see themselves mirrored back when they look at the statue — emphasizing the idea that “we are all Satoshi.”

Cybersecurity firm, NortonLifeLock, has launched Norton Crypto, a tool allowing consumers to “safely” mine cryptocurrency through its Norton 360 product. From June 3, select 360 users will be invited to join Norton’s early adopter program for Ethereum mining . Norton also plans to open up the mining service to all of its nearly 13 million 360 customers in the coming months. Norton emphasized that its service allows users to mine without requiring they switch off their antivirus software.

Speaking to CNN Business, Norton noted it plans to support mining of other “top cryptos that allow our members to get the highest reward for their computing capacity” moving forward, stating:

“While the company will start slow, with a focus on helping customers safely mine Ethereum, NortonLifeLock is considering adding reputable crypto currencies in the future.”

NortonLifeLock chief product officer, Vincent Pilette expressed pride in his firm becoming the first cybersecurity company offering services allowing miners “to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency.”

In a surprise move on Wednesday, online advertising behemoth Google lifted a nearly three-year-old policy banning cryptocurrency exchanges from using its ad services.

“Beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google,” reads a policy update on the company’s support page.

Requirements exchanges have to pass include needing to be either registered with “FinCEN as a Money Services Business and with at least one state as a money transmitter” or “a federal or state chartered bank entity,” potentially opening the door to ads from services like Anchorage and Paxos .

The new policy won’t open the door to the vast majority of crypto institutions, however, as “ads for initial coin offerings, DeFi trading protocols, or otherwise promoting the purchase, sale, or trade of cryptocurrencies or related products” all continue to be prohibited. News and chart aggregators as well as “signals” and analysis services also remain on the ad blacklist.

This Daily Dose was brought to you by Cointelegraph.

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    Daily Dose: No Crash For Bitcoin, Top 10 Finish

    pubsub.do.nohost.me / Decentralized Today · Monday, 31 May - 10:49 · 2 minutes

Daily Dose: No Crash For Bitcoin, Top 10 Finish

Popular American NTT IndyCar Series will feature the popular cryptocurrency in Sunday’s big event. The annual automobile race held at Indianapolis Motor Speedway will see cars race 200 laps to claim the title of Indy 500 winner.

Ed Carpenter Racing (ECR) had announced this week that their number twenty one Chevrolet will be driven by Rinnus VeeKay, and will be sponsored by the popular cryptocurrency.

The race car will be detailed in the popular BTC logo. The BTC logo is not under any copyright laws, therefore giving the team free reign to design the car as they wish. The car has also been numbered as 21 to signify the total supply of BTC, being 21 million.

Daily Dose: No Crash For Bitcoin, Top 10 Finish

Three years and some unforgettable memes later, the Securities and Exchange Commission has announced that 5 individuals will face charges relating to promoting the Bitconnect Ponzi scheme.

“The SEC's complaint alleges that these promoters offered and sold the securities without registering the securities offering with the Commission, and without being registered as broker-dealers with the Commission, as required by the federal securities laws,” the release reads.

The promoters, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble are said to have “advertised the merits of investing in BitConnect's lending program to prospective investors, including by creating "testimonial" style videos and publishing them on YouTube, sometimes multiple times a day.” In exchange for their promotional efforts, the influencers and representatives were paid on a commission basis.

Ireland’s central bank director general for financial conduct is the latest official to point out issues of Bitcoin ( BTC ) and the cryptocurrency industry following a major market sell-off.

The growing popularity of cryptocurrencies like Bitcoin is “of great concern,” the Central Bank of Ireland’s Derville Rowland warned, Bloomberg reports Monday.

“Crypto assets are quite a speculative, unregulated investment,” and investors should be “really aware they could lose the whole of that investment,” Rowland stated after crypto markets shed nearly $1 trillion in a matter of days in one of the biggest historic crypto sell-offs .

Rowland’s perspective on the crypto is set to contribute to the global regulation of the space as the official will take over as chairwoman of the European Securities and Markets Authority’s investment management standing committee in July. Earlier this year, the financial authority outlined the same concerns around crypto , stating that these types of assets are not regulated and pose significant risks for investors due to its highly volatile nature.

This Daily Dose was brought to you by Cointelegraph.

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    The Sunday Long Read: A Beginner's Guide to Fintech

    pubsub.do.nohost.me / Decentralized Today · Saturday, 29 May - 23:00 · 11 minutes

The Sunday Long Read: A Beginner's Guide to FintechThe Sunday Long Read: A Beginner's Guide to Fintech

Quick Links

As technology has been advancing swiftly over the past two decades, so has its merge into our everyday lives.

From computers to phones and now our wallets.

Financial technology or fintech has seen a 64 percent adoption rate across the globe.

The line is blurring between financial companies and tech startups as those in the North American tech industry continue to make products geared to financial service organizations.

Advanced technology has enabled companies to create low-cost, high-value, and data-driven solutions for customers.

Many of these are designed to simplify payment processes and operations.

According to PwC researchers , the biggest prize for fintech efforts is customers.

So, creating seamless experiences that keep customers coming back, again and again, will differentiate organizations that win in the fintech market from those who fail.

Thus, the ultimate goals in the industry are to create products that are:

  • Personalized
  • Convenient
  • Secure
  • Fast
  • Low-cost
  • Easy to use
  • Available 24/7

Although the capability has been around for some time, it has only been in the last several years that financial services companies have increased their investment in fintech capabilities.

Some speculate that it has been the threat of competition from the tech industry that caused financial companies to try and modernize their operations.

Regardless, the current marketplace has found a synergy between large financial organizations and technology companies.

Working together, these businesses appear to have found that collaboration allows them to capitalize on each other’s strengths and overcome weaknesses such as expanding into new markets or gaining knowledge.

Overview of fintech: What is it, why does it matter?

Fintech is an emerging sector that unites financial companies with technology ones.

The goals are to transform how financial companies operate, work together, and improve services and products for customers.

All sizes of companies can be considered fintech ones, from tech startups to mid-size businesses to large corporations.

If they are engaged in offering financial services or products through a tech platform, it’s fintech.

A study by PwC found that while about 47 percent of telecommunications and financial services companies have embedded fintech into their operating model, many are still at the development or pilot stage.

This puts them at risk of being left behind and losing their customers.

There are various technologies that have been useful to the rise of fintech, such as:

  • Artificial intelligence
  • Internet of Things
  • Cloud
  • Big data
  • 5G
  • Blockchain
  • Robotic automation
  • Voice technology

Many of these technologies are already being used by consumers in their homes and at the office.

Because they are already comfortable with it, using technology for financial services is an easy transition.

The COVID-19 pandemic saw customers become further entrenched in digital habits.

As businesses shut down and closed operations in response to the global health crisis, more and more people began shopping online, communicating with one another online, and the number of remote workplaces increased substantially.

As governments continue lockdowns in an effort to contain the virus, daily life has changed irrevocably.

It has become more digitized than ever. The PwC Consumer Insights Survey for 2020 found that 63 percent more consumers were shopping for groceries online, and 83 percent intended to continue using online grocery services after COVID-19.

Financial services and products have also been altered due to the pandemic.

Banks have been closed or reduced their hours so that customers looking for financial products or opportunities have been forced to go online.

As more time passes, fintech is losing its mystery and becoming seen by consumers as a safe and easy way to do their banking and pay for goods and services.

Key areas of fintech

In the fintech industry, there are many different sectors such as banking, wealth management/investing, trading, and payments that have seen significant growth and also have the capacity to be the most disruptive to traditional institutions.

These different areas are also ones that have the most impact on consumers.

1. Banking

The services that many traditional banks have been offering for years have largely gone digital.

From opening and managing saving accounts to borrowing money, Canadian financial institutions responded to customers’ desire for better banking options by investing in technology that makes everyday banking accessible online.

These options include online banking and apps to help customers track their money wherever they are.

By using advanced technology and various data collection methods, digital lenders have been able to offer customers new ways to borrow money.

The attraction of digital lending for consumers is often the ease and speed of the application and approval process.

Applications are made online, and lenders approve the loan within days.

Borrowers can apply for loans to cover a variety of expenses, including student loans, car loans and even personal lines of credit.

2. Wealth management/investing

Technology has overturned traditional investing and wealth management processes.

Automated robo-advisors are helping investors find new opportunities and new ways to manage their money.

Through the use of algorithms, robo-advisors can gauge risk tolerance and offer customers the convenience of managing a portfolio from a distance.

Robo-advisors can customize the investing experience by connecting individual users with investment options that fit their lifestyle or values, such as helping socially-conscious investors find investing opportunities with socially aware organizations.

Customers who use online platforms to help them make decisions about investing, retirement, etc., are benefiting from the assistance of a robo-advisor.

The attraction of using them is their low-cost, round-the-clock accessibility and the potential to get started with less capital.

Fintech solutions of wealth management and investing are targeted mainly at younger consumers or middle class consumers.

Traditional wealth managers continue to focus on customers with a significant amount of money to manage.

3. Payments

Fintech’s payment sector can be divided into three main areas:

  • Person-to-person – refers to payments that customers make to other individuals. For example, e-transfers can be used when people sell and buy things from sites like Craigslist or Facebook Marketplace. Fintech can also be used in the freelance or gig economy to pay temp workers when they complete a task. Sites like PayPal or Square are often used for this type of transaction.
  • In-store retail – The rise of mobile wallets and payment apps like Apple Pay or Google Pay falls under the in-store retail payment sector. These payment methods often use near-field communication(NFC) technology, QR codes, or barcodes for transactions.
  • Debit/credit transactions – Whenever a customer uses a debit or credit card to pay for something either in the store or online, it involves a complex tech process that seamlessly approves the purchase within seconds.

4. Trading

The ability of fintech to disrupt traditional industries can be seen in its impact on trading.

Before its development, trading was only something that those with expertise could engage in as there was substantial knowledge, strategy, and skill required.

However, consumers can now use trading apps that have unlocked the opportunity for anyone to open an account.

Opening up trading to anyone with a digital account has levelled the playing field, but it also comes with some risk as those who engage in trading without a complete understanding of how it works stand to lose a lot of money.

Although there still is some competition between financial institutions and tech startups, cooperation has become more of the norm in the fintech industry.

Large banking institutions have started to seek out the knowledge and cutting-edge skills available in the tech industry.

For example, TD Bank Group has set aside $3.5 million to help startups with patent applications, according to Deloitte .

Other banks have been partnering with various tech companies to offer automated bill payment or invoice processing to customers and businesses.

It all seems to come down to keeping the customer happy, which comes from a combination of engagement and convenience.

Top fintech companies North and South of the border

As the fintech sector continues to grow and develop, some companies have already made a name for themselves.

Many of these organizations offer products or services to consumers in the key sectors of banking, trading, wealth management, and payments.

Banking

Acorns – Based in California, Acorns promotes itself as a way to help customers save money. By connecting to users’ accounts, it transfers small amounts of money for every purchase or payment made from the account. To further their banking options, Acorns also has an investment option for customers who use the app.

Northone – Promotes itself as the digital banking solution for freelancers and small businesses. While it was only launched a couple of years ago, it has over 190,000 users.

Trading

Robinhood – Based in California, Robinhood founders designed a trading app that allows users to buy and sell stocks, ETFs, options, and even cryptocurrency while slashing commissions charged to $0. They have been seen as empowering users with access to trading options that were previously unavailable. The company has been estimated to be worth about $7.6 B.

Canalyst – Headquartered in Vancouver, Canalyst provides financial analysis for fintech users. Using their financial expertise and data, they offer forecast models for over 4,000 securities in Canada and the U.S.

Wealth management/Investing

SoFi – What began as an app to help students refinance their loan debt has now boasts a full suite of financial products, including an automated investing platform. With the app, novice investors can buy and sell stocks and there is no minimum to get started. SoFi also offers personal loans, mortgages, insurance and banking accounts. It is said to be worth $4.8B with 850,000 users.

Wealthsimple Invest – The robo-investing platform can be honed to your investment type: Conservative, balanced, or growth. There is no minimum to opening an account and the app offers various investing options including RRSP, RESP, and TFSA. The Toronto-based company also offers Canada’s only $0 commission trading platform, Wealthsimple Trade .

Payments

Stripe – Worth about $35B, Stripe offers payment services for online businesses and has also started offering lending services for customers. According to Insider , many large companies like Google, Amazon and Microsoft use Stripe. Interac – One of the biggest and most trusted fintech companies in Canada, Interac allows customers to use their bank cards for in-store payments. The company has been around for over two decades and is seen as an essential service for Canadians. In 2019, Interac logged 486 million transactions, according to the Financial Post .

The Future of Fintech

Although fintech was already a robust industry before COVID-19, the global pandemic has rapidly increased consumer fintech services and product adoption.

As a result, the fintech sector faces a similar future as other markets struggling through the pandemic.

The popularity of fintech has been rooted in changing consumer behaviour and expectation.

Customers are no longer patient enough to wait in line at the banks when they can easily access their accounts online to make payments, transfer money, etc.

Fintech solutions have expanded to help customers access loans and mortgages quickly, and allowing younger investors the opportunity to develop a wealth portfolio and even get into the trading market.

There is still plenty of room to grow for fintech as in North America the adoption rate sits around the 50 percent mark.

Like in many other sectors, fintech companies will need to weather the economic disruption caused by COVID-19.

This could mean a dark short-term future with a brighter one to come in a few years, according to Jim Marous of The Financial Brand .

He reports that funding for fintech has dropped to 2017 levels .

Marous notes that retail sales have also dropped, which will negatively impact the payments sector.

Fintech companies in the lending and banking sector may also have a tough time ahead as customers default on loans and miss payments due to a loss of income.

However, those in the investing and trading sector of fintech may actually see an uptick, according to Marous’s article.

Many people who have suffered financial loss due to the pandemic may be looking for ways to build their wealth.

The ease of use and accessibility of investing and trading apps will be an attraction for these consumers.

With its flexibility, adaptability, and capability, fintech has the potential to weather the pandemic storm better than other industries.

As consumers opt for more touchless and digital options to handling their finances, a University of Cambridge report found that fintech companies actually saw an increase in transactions in the first part of 2020.

However, the report notes that investment into fintech innovation has dropped off since global lockdowns began.

Yet, there is hope for a strong future as many fintech businesses have responded to COVID by altering their products and services to fit the changing market need.

Undoubtedly, the industry will continue to capitalize on these benefits as they increase the opportunity and accessibility for everyday people to do more with their money.


The Sunday Long Read: A Beginner's Guide to Fintech


The Sunday Long Read: A Beginner's Guide to Fintech

Chandra Philip-Lye

Chandra is a former journalist turned content creator with over 15 years of professional experience. Throughout her career, she has worked with a variety of media platforms including print, television and online. You can see more of her work at: http://chandralye.pressfolios.com/

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    Tweetstorm: Bitcoin Basics Collection

    pubsub.do.nohost.me / Decentralized Today · Friday, 28 May - 23:00 · 2 minutes

Tweetstorm: Bitcoin Basics Collection

By @AnilSaidSo

The technical side of Bitcoin can be intimidating. Luckily you have access to the most skilled teachers. Here are my favorite explainer threads:

1/ Hash Functions

2/ Address Generation

3/ Proof of Work

4/ Blocks

5/ Mempool

6/ Difficulty Adjustment

7/ Settlement

8/ Full Nodes


About the author

Anil is an independent bitcoin educator based in Canada. He holds an MBA, CBP and was part of MIT's inaugural FinTech certificate cohort. He's guest-lectured at Business schools and launched the first Bitcoin-specific university scholarship in Canada. His focus is on simplifying concepts through visuals and storytelling to make bitcoin easier to comprehend.

You can follow him on Twitter @anilsaidso

You can pre-order his book representing approximately 3,000 hours of research, teaching, writing and design in an effort to best communicate Bitcoin as a concept.

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    Daily Dose: Burger Flipped

    pubsub.do.nohost.me / Decentralized Today · Friday, 28 May - 13:20 · 2 minutes

Daily Dose: Burger Flipped

Another decentralized finance protocol was subject to a major exploit on Friday after $7.2 million was drained from BurgerSwap on Binance Smart Chain.

Varying amounts of seven different cryptocurrencies were stolen amid the attack, including $3.2 million worth of BURGER tokens, $1.6 million worth of Wrapped BNB (WBNB) and $1.4 million worth of Tether ( USDT ). The funds were still being sold off at the time of publication.

BurgerSwap launched in late 2020 as what was thought to be a clone of the Uniswap decentralized exchange. However, a post-mortem into the exploit revealed that the omission of a crucial line of code differentiated Uniswap from BurgerSwap and was likely the point of attack for what took place on Friday. This revelation led some social media observers to speculate that BurgerSwap developers were behind the attack themselves.

Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government frameworks tailored to the growing industry.

With the regulatory landscape for digital assets thus undergoing a marked shift , there has nonetheless been some confusion as to which Korean government agency or regulatory authority is tasked with overseeing various aspects of crypto-related activities. According to a local report , a joint statement released on Friday aims to clarify these questions for a society of undeniable crypto enthusiasts .

The statement outlines that the Financial Services Commission, or FSC, will be tasked with monitoring digital asset businesses, establishing regulations for the sector and ensuring the implementation of strong Anti-Money Laundering measures by crypto firms .

While Bitcoin ( BTC ) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will be unable to shut down the world’s largest cryptocurrency.

Wood said that Bitcoin is “already on its way and it’ll be impossible to shut it down,” Bloomberg reported on Thursday. Global regulators “will be a little more friendly over time” toward cryptocurrencies due to the fear of missing out on opportunities provided by the industry, she said at CoinDesk’s Consensus 2021 conference.

The recent regulatory pushback against Bitcoin in Europe, the United States and China contributed to a slump in Bitcoin markets, but the primary trigger for institutions pausing Bitcoin purchases were the mining-related environmental concerns escalated by Tesla CEO Elon Musk, she said.

This daily dose was brought to you by Cointelegraph.

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    Privacy Cookbook - Chapter 5.9.7 - Cellphone Security - Android browser recommendations

    pubsub.do.nohost.me / Decentralized Today · Thursday, 27 May - 23:00 · 3 minutes

Privacy Cookbook - Chapter 5.9.7 - Cellphone Security - Android browser recommendations

Recently, in chapter 5.9.6, I had a look at browsers on iOS and I shared my personal favorites. Today I would like to dive into Android. Let's be clear - the pre-installed Chrome or Samsung's Internet browser are both sending a lot of telemetry and data about you to their (mothership) headquarters.

I like to refer, as usual, to DNS and always recommend that before thinking of what browser you use you set up a DNS server on your phone. This is easy as pi on Android 9 or higher:

Settings -> Connections -> More connections settings -> Private DNS -> Private DNS provider hostname:

You can add any trusted DNS server here, for example:

fdns1.dismail.de

Which is a German hosted DNS with ad and malware blockers pre-installed. No logs and I've tested it over months. Great service!

Another option would be nextDNS which is always my first choice as you have so many options and pre-selected services and spy agencies in your blocklists.

Now let's dive into browsers

As always, I recommend using F-Droid and not the Google Playstore.

Fennec

Fennec is a Firefox-based, open-source browser which also allows Firefox add-ons. I recommend here Decentraleyes and uBlock Origin. NoScript Security Suite could be a third option for the hard core privacy people out there.

Bromite

Bromite is my daily second browser. I always recommend using two different browsers, regardless of whether you are on a computer or a cellphone.

Bromite has the option to add your own DNS server for just Bromite, so you could use Bromite for things you would have blocked system-wide, but want to use in case you need to.

Note: you can add Bromite to F-Droid, just follow the instructions on the official website.

DDG

DuckDuckGo from F-Droid seems a good third browser if you need or want one.

Tor Browser

Last but surely not least is the Tor Browser. This browser is based on Firefox and is an official Tor browser. It will hide your IP address and keep you anonymous to the websites you visit.

I also recommend installing UntrackMe, which would play well with any of the recommended browsers. It will redirect links shared with you to Nitter (twitter links), Invidious (YouTube links), removes trackers from shared links and redirects you to Teddit (for Reddit).

If you are someone who like to follow people on Twitter, but don't actually tweet you can also use Fritter (F-Droid) to follow your favorite Twitter friends, football clubs and crypto experts...

NewPipe would be the wrapper for YouTube, so you would have an app that handles YouTube, without ads and does not track you. Google will still have your IP address though.

As always stay safe, keep in mind a cellphone will never be totally anonymous. Google and on iOS Apple, regardless of what they claim, will always track you. For your most important tasks try to use Linux. If you are up for a new Cellphone consider a Pixel and install Calyx or GrapheneOS. If you have a Samsung or any other vendor, try not to use any of the Google services and do not login to your Google account whilst using it.

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    Daily Dose: Withdraw Pal

    pubsub.do.nohost.me / Decentralized Today · Thursday, 27 May - 11:35 · 2 minutes

Daily Dose: Withdraw Pal

China has ramped up efforts to quash cryptocurrency mining in its Inner Mongolia region by introducing new penalties for those caught engaging in the illegal activity.

Officials unveiled new draft rules that would see harsher punishments applied to those caught mining Bitcoin ( BTC ) and other cryptocurrencies, per a report by the South China Morning Post. These would include placing offenders on a social credit blacklist, which would stop them from getting loans or even using the transportation system.

The new rules make particular mention of data centers, industrial parks, telecoms companies, internet firms and even cybercafes, noting that any such offenders found operating mining equipment would have their business license revoked, could be removed from the local electricity trading scheme, and could even have their businesses shut down entirely.

Former crypto skeptic Carl Icahn, the founder of Icahn Enterprises, told Bloomberg he’s set to enter the crypto market in a “big way” — teasing an investment of around $1.5 billion. Icahn is an investor and former advisor to the Trump administration, who has a net worth of $15.6 billion according to Forbes. In 2018, Icahn told CNBC that crypto is “ridiculous” and added, “maybe I’m too old for them, but I wouldn’t touch that stuff.”

But speaking on Wednesday, Icahn explained he’s now considering a large investment and that entering the market in such a manner would “not be to buy a few coins or something”:

“I mean, a big way for us would be a billion dollars, billion-and-a-half dollars ... I’m not going to say exactly.”

Icahn joins a growing list of fellow billionaires who have changed their tune over crypto in the past 12 months. When asked about what cryptocurrencies he has his eyes on, the billionaire kept his cards close to his chest and emphasized that:

“Much of the cryptocurrency issued today will not survive, but we believe cryptocurrency in one form or another might be here to stay. To be clear, we have never bought any cryptocurrency, but we are studying it.”

PayPal ’s embrace of cryptocurrencies appears to be growing after the payments provider revealed that it will allow users to withdraw their digital assets to third-party wallets.

The news, which was reported by Reuters Wednesday afternoon, comes just seven months after PayPal first enabled crypto purchases on its platform. At the time, the decision was heralded as a major milestone in mainstream recognition of digital assets.

The Wednesday announcement means PayPal users will be able to send their cryptocurrencies to other wallets instead of just holding it on PayPal or selling it into fiat currency for withdrawal. However, neither Reuters nor PayPal has specified when the crypto withdrawal feature would be supported. If it’s anything like PayPal’s decision to enable cryptocurrency purchases last fall, the initial rollout of third-party wallets could be gradual and location-based.

This Daily Dose was brought to you by Cointelegraph.

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    The 2021 review of Messaging Service Providers: Jami - a decentralized messenger

    pubsub.do.nohost.me / Decentralized Today · Wednesday, 26 May - 23:00 · 3 minutes

The 2021 review of Messaging Service Providers: Jami - a decentralized messenger

Yes, the headline has decentralized and messenger in the same sentence. Sounds good, doesn't it? The question is: How good is Jami and could it be on our list of the best recommendations for 2021?

Let's dive in!

Jami, formerly known as Ring, is a peer-to-peer, end-to-end encrypted messenger, the introduction on Jami.net reads

"Share, freely and privately"

And that is pretty much what Jami does.

Jami is 100% open-source and no data is stored on any server. The encryption provided by Jami is RSA-Keys (4096-Bit). Yet, keep in mind,  Jami has not been audited by any third party as of yet.

Sign-up

Sign-up with Jami is pretty easy and straightforward. You do not need a telephone number, just pick a username, and encrypt your account with a password, and you can pick a profile picture if you choose to do so.

This also means you don't need to link a telephone number or need to be worried about having an account linked to a SIM card etc.

Usernames can be exchanged, and you also have the availability of QR codes to share with friends who can scan your code on the mobile Jami app.

Additionally, you can just click next and not sign up with a username! This would generate an encryption key as your username which is displayed when you chat with others. In other words you can chat with non-registered users or have a one-time login for a chat.

Availability

Jami is available on iOS, Android (Google Play and via F-Droid), Linux, Windows and macOS. Jami is even available on Android TVs. In other words, you can run it on pretty much every platform available on the market.

Configuration

Jami has a configuration or settings where you can set your profile picture, username etc.

At Accounts settings you can also temporarily deactivate or reactivate your account. Here you can back up your account. This is the only way to retrieve an account, so I highly recommend doing so.

You can use Jami on multiple devices. To do so, click Link another device and enter your password. Afterwards, click Export to network to initiate the connection. Jami will generate a PIN which you need on the other device, this expires a few minutes after you generate it. Now link your secondary device by clicking Import from other device, enter the password and the created PIN. This links both of your devices and even moves the contacts you have on the other open device.

However, you will only see your chat partners, your conversations will only stay on the device used when you chatted with your contacts. Note if you have both devices on you will get the chats of your contacts on both devices, however, your replays are only showing on the device used.

You also have the option to blacklist contacts or block anyone not in your contact list.

The settings also allow you to select and automatically download files of up to 100 MB.

Communication

As mentioned Jami is peer-to-peer, so when someone texts you, you will be prompted to accept this chat. It will have a username attached if the other end has a registered Jami name, or just a cryptic ID where the name usually shows.

Any chat will stay as is, in other words you cannot rename the chat once established. Jami supports sending files and audio and video conversations with two or more participants in a resolution of up to 4K  and you can send audio or video messages to your friends and contacts.

Another cool feature is desktop sharing, just right-click on the screen, and you can then choose between just the selected area or full-screen sharing.

The 2021 review of Messaging Service Providers: Jami - a decentralized messenger

When using multiple devices I have witnessed chats working great, but file sharing can be a pain and never downloads. When using only one device I did not have these problems.

Video calls are impressive and even with multiple users one of the best I've used so far. This makes a great team chat with file and screen sharing.

In a Nutshell

I must admit I like Jami a lot. The screen sharing feature, the video calls and group video calls are top of its class. However, the chat is not always reliable, especially when you use multiple devices. I also do not see it as a tool to get your friends over to easily except if you sell it as a great Zoom replacement. I would say it is a perfect zoom replacement.

With the potential to perhaps to become one of the greatest chat tools in the near future. Keep in mind that Jami is in its infancy, it has a long way to go, but it is decentralized and certainly something to keep an eye on!