Bitcoin Cash Devs Publish the First 3 of 3 MultiSig Schnorr Transaction

Bitcoin Cash Devs Publish the First 3 of 3 Multi-Sig Schnorr Transaction

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Facebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable for surveillance, and look and work a lot like backdoors,” said Telegram’s founder, who doubts Whatsapp will ever be secure.Also read: Indian Supreme Court Postpones Crypto Case at Government’s RequestWhatsapp and its parent company, Facebook, revealed last week that a major vulnerability had been discovered in the popular messaging service and urged users to update the app. The Financial Times reported that this latest vulnerability in Whatsapp had been open for weeks, allowing hackers to inject Israeli spyware onto mobile phones simply by calling targets, noting:The malicious code, developed by the secretive Israeli company NSO Group, could be transmitted even if users did not answer their phones, and the calls often disappeared from call logs.Latest Hack Sparks Concern Whatsapp Will Never Be SecureThe publication further detailed, “Within minutes of the missed call, the phone starts revealing its encrypted content, mirrored on a computer screen halfway across the world. It then transmits back the most intimate details such as private messages and location, and even turns on the camera and microphone to live-stream meetings.” The news outlet added that “The software itself is not new — it was the latest upgrade to a decade-old technology so powerful that the Israeli defence ministry regulates its sale. But the Whatsapp hack was an enticing new ‘attack vector.'”While the hackers who gained access by exploiting the vulnerability in Whatsapp’s call functionality have not been identified at press time, the company clarified in a statement:The attack has all the hallmarks of a private company reportedly that works with governments to deliver spyware that takes over the functions of mobile phone operating systems.Whatsapp is a free messaging and voice over IP service which allows users to send text messages, images, documents, and other media, as well as place voice and video calls. It was acquired by Facebook in February 2014 for $19 billion. In July last year, Whatsapp said it had more than 1.5 billion users in over 180 countries, making it the most popular messaging app worldwide.Latest Hack Sparks Concern Whatsapp Will Never Be SecureBoth Facebook and Whatsapp have not said much about this latest hack. Moreover, instead of notifying users directly about the problem, Whatsapp issued a statement through the press urging people to update the software. This has led to an alarming number of users failing to update the app, according to smartphone security company Wandera which helps clients secure their employees’ smartphones. Its clients include Rolex, Deloitte, General Electric, and Bloomberg. The company manages over 1 million devices, 30% of which have Whatsapp installed.As of Thursday, Wandera found that a whopping 80.2% of iOS and 55.4% of Android devices out of its managed devices had not been updated. Whatsapp is investigating the vulnerability but said that it is too early to estimate how many phones were targeted using this method, a person familiar with the issue told the Financial Times.Latest Hack Sparks Concern Whatsapp Will Never Be SecureThe Israeli company that developed the software which allegedly exploits Whatsapp’s vulnerability said it was investigating the allegations but “Under no circumstances would NSO be involved in the operating or identifying of targets of its technology, which is solely operated by intelligence and law enforcement agencies,” the company said in a statement Tuesday.The group makes hacking tools primarily for intelligence agencies in the west and the middle east. Its flagship product, Pegasus, is designed to enable a phone’s microphone and camera, sift through emails and messages and also access location data.“NSO’s technology is licensed to authorized government agencies for the sole purpose of fighting crime and terror. The company does not operate the system, and after a rigorous licensing and vetting process, intelligence and law enforcement determine how to use the technology to support their public safety missions,” the group explained. CNBC reported the group claiming that it does not use the hacking tools itself, and that the tools are “solely operated by intelligence and law enforcement agencies.”Latest Hack Sparks Concern Whatsapp Will Never Be SecureNonetheless, The Guardian wrote Saturday that the firm is facing a lawsuit backed by Amnesty International, as the organization says it fears its staff may be under surveillance from spyware installed via the Whatsapp messaging service. The paper described:It has called on the country’s ministry of defence to ban the export of NSO’s Pegasus software, which can covertly take control of a mobile phone, copy its data and turn on the microphone for surveillance.This vulnerability was revealed at a time when Whatsapp has gained attention from the crypto community as a platform to develop services on. Cryptocurrency startup Wuabit is a chatbot assistant and cryptocurrency wallet accessible via the chat interface of Whatsapp. On March 26, Wuabit tweeted confirming “its business API integration” with the popular chat platform after a report by The Express the day before that the app’s public beta was due to start in April. “We are near completing the wallet core service starting with BTC,” a spokesman for the company told the news outlet.Latest Hack Sparks Concern Whatsapp Will Never Be SecureUsing the app, users can simply type in commands such as “send 0.05 BTC to Vera” and the cryptocurrency will be automatically sent from the user’s Wuabit wallet after a quick confirmation. In addition to Whatsapp, “more chat platforms will be added such as Telegram, FB Messenger, [and] Viber,” the service’s website proclaims.Following the news of Whatsapp’s latest vulnerability, Telegram founder Pavel Durov shared his thoughts on the subject. “Everything on your phone, including photos, emails and texts was accessible by attackers just because you had Whatsapp installed,” he began.The entrepreneur founded Russia’s largest social network, VK, in 2006. After leaving the company as the CEO in 2014, he left Russia and concentrated on Telegram Messenger as a direct response to personal pressure from the Russian government to put a back door in his earlier project. Telegram is an open source, strongly-encrypted competitor to Whatsapp.Durov was not surprised to hear of the latest vulnerability as he recalled Whatsapp admitting to having a similar issue last year. “Whatsapp’s closed-source code will perpetually keep it a target for hackers,” he asserted. “They do the exact opposite: Whatsapp deliberately obfuscates their apps’ binaries to make sure no one is able to study them thoroughly.” The Telegram founder said:Every time Whatsapp has to fix a critical vulnerability in their app, a new one seems to appear in its place. All of their security issues are conveniently suitable for surveillance, and look and work a lot like backdoors.According to Whatsapp, end-to-end encryption was implemented in 2016 “for all messaging and calling on Whatsapp so that no one, not even us, has access to the content of your conversations,” its website states. However, Durov calls this a marketing ploy, alleging that “at least several governments, including the Russians,” have the keys needed to decrypt all Whatsapp content.Mike Campin, VP of Engineering at Wandera, believes that “Whatsapp’s ‘end-to-end-encryption’ badge certainly shouldn’t be mistaken as a guarantee that communications are secure.”Durov continued by describing how Whatsapp started with no encryption at all and then suffered a “succession of security issues strangely suitable for surveillance purposes,” elaborating:There hasn’t been a single day in Whatsapp’s 10 year journey when this service was secure … That’s why I don’t think that just updating Whatsapp’s mobile app will make it secure for anyone.“For Whatsapp to become a privacy-oriented service, it has to risk losing entire markets and clashing with authorities in their home country. They don’t seem to be ready for that,” the entrepreneur concluded.Do you use Whatsapp? What do you think of this vulnerability? Do you agree with Durov’s assessment? Let us know in the comments section below.Images courtesy of Shutterstock and the Moscow Times.Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won! Traveling is on everyone's minds as summer approaches and crypto enthusiasts are no exception. But for anyone thinking of a… read more. Cryptocurrency without privacy is pointless. If your coins aren’t fungible, you lose much of the benefits of using cryptocurrency in… read more. A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
On May 15, the Bitcoin Cash network successfully upgraded by implementing Schnorr signatures, after which a few developers processed some basic Schnorr signatures. Then, on Saturday, May 18, software developers Chris Pacia, Mark Lundeberg, and Checksum0 performed the first multi-sig Schnorr signature on BCH and sent the funds to Read: After Trillions Printed Under QE, Politicians Now Say Deficits Don’t MatterThis weekend, Openbazaar and Bchd full node developer Chris Pacia announced the first 3 of 3 multi-signature in a Pays To PubKey Hash (P2PKH) output. Developers Checksum0 and Mark Lundeberg helped process the transaction and the funds were sent to the Ross Ulbricht defense fund. “Mark Lundeberg, Chris Pacia and I made the first Schnorr multi-signature in history — The transaction is a donation to Free Ross — Proof will be published shortly,” explained Checksum before the transaction confirmed. Then, sure enough, the multi-sig transaction published to the chain and contained an opreturn message which read:BCH is about giving people the freedom to make their own choices, to pursue their own happiness, however they individually see fit.As of block 582680, the BCH chain had implemented the new Schnorr signature features, bringing the very basics of Schnorr to the table. With the help of another future Schnorr related upgrade, BCH developers will be able to implement public signature aggregation and complex sign-to-contract concepts. Public signature aggregation could bolster scaling immensely and more trivial smart contract ideas like Graftroot and Taproot could increase BCH privacy a great deal. However, there are still pretty cool applications that can happen today like hidden payment channels and atomic swaps. This includes the 3 of 3 multi-signature P2PKH output performed by the three developers. In another instance, Mark Lundeberg showed a Schnorr signature transaction on Twitter that highlighted Schnorr’s privacy-enhancing attributes.“A Schnorr-signed transaction — Was it a secret payment channel closure?” Lundeberg asked on Twitter. “Did hundred parties sign to make it happen? Did a secret atomic swap occur? Or did I just send coins to myself in a boring txn? You will never find out.”The BCH community was thrilled to hear the news about the Schnorr multi-sig transaction sent to Well-known BCH proponent Emergent Reasons said: “More privacy for the win — Nice one.” “I thank BCH for taking steps to restore my individual economic liberty and financial privacy,” another supporter remarked. It’s only been four days and developers have already processed basic Schnorr sigs and the 3 of 3 multi-sig transaction as well. BCH developers will be testing a few different types of Schnorr signatures coupled with other mechanisms in future to further private transactions and create unique transaction types.What do you think about the first multi-sig transaction using Schnorr signatures on the BCH chain? Let us know what you think about this subject in the comments section below.Image credits: Shutterstock, Twitter, and’s Blockchain Explorer. Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. On May 23, telecom giant AT&T announced that customers can now pay their bills through Bitpay. The firm has become… read more. On May 21, 2019, a press release was sent to a variety of publications that said Craig Wright was granted… read more. Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for about the disruptive protocols emerging today.

Source from : News.bitcoin
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