![]() The vast majority are security engineers. The other almost two dozen employees will become Zoom employees. Under the terms of the deal, the Keybase will become a subsidiary of Zoom and co-founder and Max Krohn will lead the Zoom security engineering team, reporting directly to Yuan to help build the security product. Logged-in users will generate public cryptographic identities that are stored in a repository on Zoom’s network and can be used to establish trust relationships between meeting attendees,” he wrote. ![]() “Zoom will offer an end-to-end encrypted meeting mode to all paid accounts. He added that that tools will be available for all paying customers as soon as it is incorporated into the product. “This acquisition marks a key step for Zoom as we attempt to accomplish the creation of a truly private video communications platform that can scale to hundreds of millions of participants, while also having the flexibility to support Zoom’s wide variety of uses,” Yuan wrote. In a blog post announcing the deal, CEO Eric Yuan said they acquired Keybase to give customers a higher level of security, something that’s increasingly important to enterprise customers as more operations are relying on the platform, working from home during the pandemic. As the company has moved to address these issues, having a team of encryption experts on staff should help the company build a more secure product. Updated On Septemwhile I was in London, UK at the Python core dev sprints, I got a message from a user named 'spacedrop' on Keybase.The message said I was being given 356.2904939 XLM as a surprise gift of 'free Lumens worth 20.98 USD' from the Stellar Development Foundation. It is lightning fast (5 seconds per transaction), super inexpensive (less than a penny to use), and very environmentally friendly. The company has faced a number of security issues in the last couple of months as demand as soared and exposed some security weaknesses in the platform. The Stellar Development Foundation and messaging service Keybase announced Monday a 2 billion XLM airdrop, the largest in Stellar’s five-year history, worth roughly 120 million. The Stellar Network is a cryptocurrency network, which Keybase now understands. Keybase, which has been building encryption products for several years including secure file sharing and collaboration tools, should give Zoom some security credibility as it goes through pandemic demand growing pains. Zoom announced this morning that it has acquired Keybase, a startup with encryption expertise.
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