Elon Musk announced the launch of XChat with encryption, vanishing messages, and file sharing capabilities across all platforms.
The new XChat features 'Bitcoin-style' encryption which could likely involve techniques like secp256k1 elliptic-curve and ChaCha20-Poly1305 for secure peer-to-peer communication.
The encryption used in XChat may deliver forward secrecy and low-latency performance similar to Lightning-network transports but hasn't been independently audited yet.
Elon Musk's association with Bitcoin, including Tesla's BTC purchase and support for the ecosystem, suggests a deeper connection to cryptocurrency, besides the XChat encryption upgrade.