Solchat has unique blockchain capabilities, including communicating between wallets, storing messages on the blockchain, and sending SOL payments directly through conversations. These capabilities introduce an entirely new level of functionality by seamlessly integrating financial transactions with communication.

The Solchat protocol allows user-friendly communication between a wallet or several wallets. Due to its reduced gas fees, the Solana blockchain is one of the most prominent blockchains. Solchat does not have native cryptocurrency integration, restricting users to traditional communication forms and third-party payment options.

What is Solchat?

Solchat is a communication protocol that runs on the Solana blockchain and provides text, audio, and video calls in a Web3 environment, similar to Web2. It utilizes Solana’s inexpensive gas fees and stores messages and group chats on-chain. Privacy is a top priority, and encrypted interactions and peer-to-peer audio/video conversations via WebRTC are implemented to improve security. Solchat is a user-friendly protocol that enables users to communicate between multiple wallets or from one wallet to another.

Solchat Features

Solchat is a cost-effective option for the exchange of messages and the utilization of a variety of features, as it provides minimal transaction fees as a result of Solana’s efficient blockchain. Solchat is a user-friendly protocol that enables users to communicate between multiple wallets or from one wallet to another. The features of Solchat include the following:

• Text Messages: Solchat allows users to engage in one-on-one conversations with contacts, which are encrypted like Instagram conversations.
• Audio Calls: Solchat allows users to communicate with their peers through encrypted, peer-to-peer audio calls that utilize WebRTC.
• Video Calls: Users can utilize WebRTC to make video calls from their wallet to their friend’s wallet, similar to WhatsApp.
• Images: Share images stored on-chain storage systems such as IPFS or Arweave.
• Group Chats: Establish groups and engage in conversations with numerous peers simultaneously.
• Payments: Similar to CashApp, Solchat allows users to send SOL as payments to their contacts.
• Encryption: Solana encrypts messages on-chain and decrypts them when users connect their wallet to the UI.
• Security: A burner wallet with a small SOL, such as 0.1 SOL, can be used for several months, as messages are transactions with custom annotations.
• Reduced Gas Consumption: The stateless nature of Solana enables the storage of messages on-chain, necessitating only a tiny quantity of SOL, such as 0.000005 SOL, to transmit each message to a friend.
• Premium Features: Solchat provides premium features to users who stake their $CHAT tokens.

How Does Solchat Work?

The protocol known as Solchat, Solchat operates on Solana and provides a variety of capabilities. These encompass a variety of services, such as voice and video calls and texting, that are comparable to Web2 but are implemented in a Web3 environment. Solchat (beta v1) leverages Solana’s capabilities to guarantee that all group conversations and messages are stored on-chain.

WebRTC facilitates peer-to-peer audio and video calls, eliminating the need for a database and averting data leaks. Our primary concern is the protection of privacy, and we ensure that all interactions are encrypted. Solchat is cost-effective for users due to the efficient blockchain of Solana, which results in minimal transaction fees.

Gas Fees

Every activity in Dapp needs to store data on-chain, which requires some gas fees. In the context of Solchat, it uses the Solana blockchain and SOL as a gas fee. Gas fees on Solana are measured in “lamports,” the smallest unit of the SOL cryptocurrency, where 1 SOL equals 1,000,000,000 lamports. Transaction costs on Solana can fluctuate depending on network congestion and transaction complexity, but they generally remain very low, often just fractions of a cent. The transaction costs of different activities are as follows:

• Each user must register on our app, incurring a cost of 0.04 SOL.
• Users can add more than 150 wallets as friends, with minimal gas fees involved.
• To initiate a chat with another user, each user must pay a 0.02 SOL gas fee for messages.
• The following message fee is 0.000025 SOL.
• Video and audio calls are free.
• Images are hosted on IPFS, which is free for users.

Solchat Dapp

Users can engage in a range of activities on the Solchat Dapp by linking their wallets, with support for Brave, Coinbase, Phantom, Solflare, and Math wallets. Upon connecting their wallets, users must register a username, which incurs a nominal gas fee.

Friends Chat

Users can send messages and make audio and video calls to others by searching for their wallet address or domain name.

Global Chat Room

Global chat rooms offer a dynamic platform for real-time communication with users from around the world.

Streaming

It has added a video streaming feature called RTMP (Real-Time Messaging Protocol), a live video streaming technology that lets users transfer data over the internet. Now, users can connect and stream games using OBS on the Solchat app.

Web 2 Vs. Web 3 (Solchat)

Solchat is a communication protocol that runs on the Solana blockchain and provides text, audio, and video calls in a Web3 environment, similar to Web2. Solchat is a game-changing innovation in digital communication, as it capitalizes on blockchain technology’s distinctive capabilities to provide features unmatched by conventional Web2 applications such as WhatsApp and Instagram.

There are numerous reasons why Solchat is distinguished and how it compares favorably to these Web2 giants:

Privacy and Decentralization

Solchat enhances privacy and security by using the Solana blockchain for decentralized data storage. This ensures messages and contacts are distributed across numerous network nodes rather than a central server, making it harder for unauthorized parties to access private conversations. In contrast, Web2 media operates on centralized servers owned by entities like Facebook (now Meta), which control user data access. This centralization raises concerns about censorship, unauthorized data access, privacy, and data mining.

Security and Encryption

Solchat provides end-to-end encryption for all on-chain communications, including text, audio, and video, ensuring that only the communicating parties can decrypt and view the messages, guaranteeing high security. In contrast, while WhatsApp offers end-to-end encryption, concerns remain about privacy policies and metadata collection. Instagram’s direct communications are encrypted in transit but not end-to-end, raising privacy concerns.

Communication Among Peers

Solchat uses WebRTC to enable peer-to-peer connections, bypassing intermediary servers and thus enhancing the quality and privacy of audio and video calls. In contrast, Web2 media routes calls through servers, which can introduce latency and allow service providers access to call data.

Features Based on Blockchain Technology

Solchat is a blockchain platform with distinctive features, such as transmitting SOL payments directly within chats, on-chain storage of messages, and wallet-to-wallet communication, seamlessly integrating financial transactions with communication. In contrast, Web2 media restricts users to conventional communication and third-party payment options due to the absence of native cryptocurrency integration.

Tokenization and Cost Efficiency

Solchat is cost-effective for transmitting communications and utilizing various features due to the efficient Solana blockchain, which lowers transaction fees. Additionally, the $CHAT token establishes an ecosystem that facilitates the acquisition of premium features, staking, and rewards. In contrast, Web2 media is free, but it generates revenue through advertising and data analysis. Users don’t pay direct costs, but advertisements and potential privacy breaches indirectly impact them.

User Control and Autonomy

Solchat utilizes blockchain technology to give users complete control over their data. It allows them to manage their encryption keys and determine who can access their communications, offering a level of autonomy not available on centralized platforms. In contrast, Web2 media gives users restricted control over their data, as the platform retains primary control despite offering data management tools and privacy settings.

Summary

Web 2.0 applications like Instagram and WhatsApp are free to use but generate revenue through advertising and data analysis, with users indirectly paying through exposure to ads and potential privacy violations. In contrast, Solana’s “memo” field allows data integration into blockchain transactions, and applications like SolChat use this feature to embed encrypted communications directly within transactions. Despite the byte limit restricting the amount of text per transaction, this method provides a secure and decentralized way to transmit messages.

The Solchat (CHAT) Token

The CHAT token introduces an ecosystem for rewards, staking, and accessing premium features. Conversely, Instagram and WhatsApp generate revenue through advertising and data analysis, indirectly affecting user privacy. The CHAT token establishes an environment where users can accumulate rewards, stake their tokens, and access exclusive features. The CHAT token is utilized for a variety of purposes within the Solchat ecosystem, enabling users to:

Create Content and Reward

The CHAT tokens can generate content on Solchat and compensate other users for their contributions. This cultivates an environment that is community-driven and offers incentives for producing high-quality content.

Engage in Governance

Solchat employs a decentralized governance framework. CHAT token holders can vote on proposals that influence the future development of the Solchat platform.

Access Premium Features

Solchat may provide premium features that improve the user experience, such as exclusive content or increased storage space. These features may be accessed by possessing a specific quantity of CHAT tokens.

Tokenomics

The CHAT token enables Solchat. A zero-tax SPL token will be available in a total supply of 10 million tokens.

• Token Name: Solchat
• Token Symbol: $CHAT
• Total supply:10,000,000
• Liquidity Pool (LP): 20% of Presale
  

Solchat Partners

Since its inception, Solchat has received support from some of the most esteemed and trusted collaborators. Several of the following are included:

Solchat Staking

Solchat has a staking mechanism that allows users to stake their CHAT tokens in the SolRocket staking pool to receive an 80% revenue share from the total pool. This innovative feature provides a substantial return on investment through staking rewards and enables additional premium functionalities within the Solchat ecosystem. Stakers will have exclusive access to improved features, including HD audio services, high-definition (HD) voice calling, and custom decals, enhancing the user experience.

In addition, the Solchat community’s dedication to value-sharing will distribute a portion of the revenue from the staking pool to the stakers. Solchat’s staking option appeals to users interested in maximizing the utility and engagement of their digital assets within the platform, as it offers the dual benefit of earning through staking and utilizing sophisticated communication features.

Roadmap

The Solchat whitepaper contains a comprehensive and well-detailed roadmap for Solchat’s development. The company’s vision is outlined in this roadmap, providing users with clarity and trust. Solchat is dedicated to providing its users with enhanced features, as evidenced by this additional informational roadmap directed at investors and users.

Conclusion

Solchat is a user-friendly protocol that facilitates user-friendly communication between wallets. It employs the CHAT token to access premium features, stake, and earn rewards. Solchat incorporates encrypted communications into blockchain transactions to ensure the security of message transmission. Stakers are granted exclusive access to enhanced features and receive some revenue from the staking pool. Solchat’s pledging option is an appealing proposition for users interested in maximizing the utility and engagement of their digital assets on the platform.