It is basically cryptocat.
Of course, you still have the problem of deploying a secure application within the attack surface minefield of a web browser, but that's a separate issue.
[0]: https://docs.google.com/document/d/1PGS50eZB9Ud7wVKmrc0HU_FD...
So: my recommendation is, never use any secure messaging system that boots off a web page. No matter what they claim to do to mitigate the risk.
I'm actually, for a bunch of specific reasons, not super comfortable with browser extension applications either. But at least the browser tries to protect an extension you have to explicitly install and explicitly run.