Elon Musk announced that X's new direct messaging feature, XChat, will incorporate 'Bitcoin-style encryption.' This upgrade includes functionalities like audio and video calling, encryption, vanishing messages, and file sharing. The service is built using the Rust programming language, which Musk claims facilitates this encryption method. Following Musk's announcement, Bitcoin experts quickly clarified that Bitcoin itself is not encrypted, with various industry figures providing technical insights into Bitcoin’s cryptographic methods. The criticism highlighted misconceptions about encryption and security within Bitcoin's structure. Meanwhile, XChat is being tested to provide enhanced privacy compared to current messaging services. In conjunction with XChat's rollout, Musk mentioned plans for another feature called X Money, aimed at financial transactions, emphasizing careful handling due to its financial nature.

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