Ephemera, a startup founded by developers behind the XMTP protocol, raises $20 million in Series B funding and aims to create a decentralized messaging network. The company argues that existing apps like Signal and WhatsApp are overly centralized despite providing end-to-end encryption. Users do not own their messages and cannot transfer conversations between platforms. The XMTP protocol intends to enable users to port their chat history across different messaging apps, enhancing security and usability while challenging the dominance of major players in the field.
At the core, it's just a more open protocol that allows you to prove it's private and secure, not trust Facebook and Signal to tell you their server is secure.
Popular messaging apps like Signal or WhatsApp are too centralized. The most secure of those apps... do offer what's called end-to-end encryption.
Users don't own their messages and can't port their conversations off platform, meaning switching between apps causes loss of chat history.
XMTP is a messaging app built on top of the protocol that is able to port in prior chats from other messaging apps.
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