TOP Network on Forbes: Secure Bitcoin-Powered Communications Through TOP Network
This story was initially published on Forbes.
While communication is seemingly easier than ever, messenger apps are notoriously troublesome when it comes to privacy and security. Thankfully, the wanton collection of users’ private information could be drastically reduced this year with the introduction of the blockchain-based communication network, TOP Network. Steve Wei, CEO of TOP Network took some time to speak with Forbes.com about how TOP Network is taking messaging to a new level.
Vulnerabilities and Privacy Violations
The absence of a secure and full-featured communications network is a massive problem. It is a breach of privacy and trust for giant companies to unapologetically track and access user information. This blatant disrespect of users, combined with the unsettling feeling of being surveilled is not in alignment with cultivating a healthy society.
Sadly, the most popular messengers are some of the worst offenders. Despite its attempts to convince the public that it isn’t crossing any lines, Facebook Messenger should be a last resort messaging app. Not only can Facebook Messenger chat logs be viewed with any governmental warrant, Facebook Messenger is notoriously aggressive when it comes to collecting and exploiting user data. As stated by Forbes contributor, Kalev Leetaru,
“When even privacy researchers aren’t fully aware of how Facebook is tracking them and the well-known tricks used by governments and companies alike to outsource their surveillance needs to the company, perhaps there is merit to the criticism that Facebook needs to do a vastly better job at educating its users how it is using their data.”
WeChat, a communication and payment app that has 980 million users, has come under fire for inadequate privacy and security concerns. The app is hugely popular in China, but it is censored and data can be shared or leaked. As such, Australian military personnel have been prohibited from using the app due to privacy concerns, reported the South China Morning Post.
Theoretically, dissatisfaction with a communication app could be solved be ceasing use of it and switching to an encrypted messenger like Telegram or Whatsapp, which many have done. However, Telegram has some security issues with group chats, and Whatsapp has recently been taken under the big-brotherly wing of Facebook, raising concerns. Whatsapp also has the vulnerability inherent with centralized storage of user data.
Something Better is on the Way
Meet Steve and TOP Network. Steve is the creator of the first encrypted messenger app, CoverMe. He and the TOP Network team are on track to release TOP Messenger this year, a messaging service that will allow for complete anonymity in communications. The company states its core values as “decentralization, low cost, security, privacy protection and interoperability.”
The Telos Protocol or TOP Network is a blockchain-powered communication network that utilizes decentralization to ensure that user messages and data can’t be accessed by third parties. In addition to messaging, the whitepaper states that “VoIP, video, streaming, VPN, CDN, IoT data sharing, storage and more” will be available on the network.
Steve’s many years in the communications field have taught him valuable lessons and made him acutely aware of the downsides of existing messenger apps, including CoverMe. He discussed some of the ways TOP Network will improve on CoverMe and SkyVPN.
Steve explained that with CoverMe, user messages are end-to-end encrypted and thus not accessible by a third party. While this is already better than Facebook Messenger, it’s still not ideal. For instance, he explained that when the company gets FBI subpoenas for messages, they literally can’t provide them. However, IP address and login information can be accessed. TOP Network eliminates access to all user information, making it a unique and invaluable way to communicate.
Decentralization is a significant component of the project. CoverMe currently has a centralized user database, which makes it vulnerable to hacking. TOP Network is decentralized, thereby protecting user data.
Decentralization also will improve VPN services, according to Steve. The more servers there are, the more difficult it is to block the IP address. In contrast, if all activity goes through a central server, it is easy to identify and block, ultimately disrupting the user experience.
Open Source for the Win
Another important lesson Steve has learned from his years of experience in communication networking is the value of being open source. Steve told Forbes.com that Telegram became more popular than CoverMe because it was open source while CoverME was not.
Making a Grand Entrance
TOP Network will hit the ground running. It will have 50 million users upon its launch, comprised of the combined user base of three existing TOP team networks: Dingtone, CoverMe and SkyVPN. The transition will be seamless, according to Steve, with most users never noticing a difference.
There will also be immediate opportunities to earn tokens. Tokens can be mined upon launch, and “[a]ny user can contribute his device and bandwidth to TOP Network and receive tokens based on the contribution they make.” This includes operators of cell phone towers, WIFI hubs, and satellite operators who provide communications relays on TOP Network.
As a full service communication network, users will be able to do more than just send messages. TOP Messenger users will enjoy “an array of functions: social network, community, communication, digital asset management (Wallet), digital currency payment and decentralized cryptocurrency exchange.”
This makes it a welcome viable alternative to Facebook Messenger, which many continue to use begrudgingly because of its convenience. Certainly, privacy and freedom of expression should never have to be sacrificed for convenience, so here’s hoping for a successful launch and adoption of TOP Network.
Any endeavor to increase privacy and freedom for individuals is a noble one. TOP Network seems to be sticking to its core values, and its successful track record with other communication networks bode well for the launch of its game-changing TOP Network. It is exciting to know that mere months from now, messenger app users will have a freedom and privacy-centric alternative to the existing messaging options.
You can find TOP Network on:
Email Contact: email@example.com
Official Website: http://www.topnetwork.org
About TOP Network
TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more.
TOP Network is also a high-performance public blockchain platform designed to handle real-world business of any size or volume. Powered by innovations including three-layer network, two-layer sharding, two-layer lattice DAG and PBFT-DPoS*, TOP can process several hundred thousand transactions per second on the blockchain.
The long-term mission of TOP Network is to build a public blockchain infrastructure for all Dapps. Our world-class team of over 100 developers is striving for this goal.
TOP Network originated from the common underlying network layer of Dingtone, CoverMe and SkyVPN, three communication apps built by the TOP team before the blockchain project. These apps, having attracted over 50 million users in total, will be ported to TOP Network upon the launch of TOP and generate huge volumes of transactions in the TOP ecosystem.
TOP Network was founded by serial entrepreneur Steve Wei and his colleagues in late 2017. Steve was one of the earliest employees of WebEx in the 1990s. After WebEx, he founded a successful video conferencing software company which was acquired by Huawei in 2010. In 2012, Steve co-founded Dingtone, a public listed company operating popular communication apps such as Dingtone, CoverMe and SkyVPN.
TOP Network has closed $11 million early investments from prestigious institutional investors and individual billionaire investors, including DHVC, Fenbushi Capital, NEO Global Capital (NGC), Ontology Global Capital (OGC), LD Capital and more.