IRC vs Echofin

The IRC protocol is public and open, it is mature and stable, and has been implemented in numerous projects. This means that it can be used freely, for both open-source and commercial projects.

IRC offers choice. Choice in clients (mobile, desktop, web), in scripts those clients run, in servers and features those servers have. You can even set up your own server.

Compared to other common solutions, IRC can be ignored when you are occupied doing something else. Most clients don't pester you with sounds or distracting visuals.

Every notable IRC client supports mentions - notifying you when your name is mentioned in the chat. The mentions in IRC are comparably better than Discord. Mentions used in Discord are easily abused; this doesn't happen in IRC. If someone's talking about you, you get a notification in IRC. This doesn't happen in something like Discord.

IRC has been around since 1988, so there is a ton of existing software to work with it. Everything from clients, to chat bots, to bouncers is already built.

You can choose your favorite server for an IRC network.

No need to sign up for access, confirm your e-mail address. Just choose a nickname and you're done.

IRC is user friendly if you use something like hexchat or kiwi webchat.

Direct Client-to-Client allows users to share files in a similar way to torrenting.

Twitter hashtags came from IRC channel names.

In-app widgets, such as an economic event calendar and news feed, are available.

You can host pay-to-access webinars.

For example, you can integrate the app with your MT4 web client.