Ripple Co-Founder Invests in New Crypto from David Chaum

[Dominic_Johnson]

When historians set out to chronicle the development of cryptocurrency, one of the first chapters will profile DigiCash, the early digital currency startup which, decades before Bitcoin, almost fulfilled the dream of giving the internet a native currency. However, that project’s inventor, cryptography pioneer David Chaum, wants his name to appear in the book’s subsequent chapters as well. Chaum, now 63, is launching a new cryptocurrency project called Elixxir, which he claims has achieved the holy grail of network decentralization, blockchain security, and transaction speed.

In a Wall Street Journal interview published earlier this year, Chaum alleged that the technological innovations in Elixxir are game changers for blockchain adoption. “These breakthroughs I’ve made change the whole game,” he told the publication. “We can actually meet the requirements to go to consumer scale.” Specifically, Elixxir implements an inversion of the traditional blockchain model, wherein transactions are aggregated into blocks and then processed by validating nodes. Chaum said that blocks will instead be produced prior to transaction batching, allowing the network to process payments quickly, even at scale.

It remains to be seen whether the production blockchain will meet Chaum’s lofty expectations while also achieving sufficient decentralization. In the meantime, Elixxir has announced that the project has received a strategic investment from Chris Larsen, the co-founder of blockchain startup Ripple and, by virtue of his Ripple equity and remaining XRP holdings, one of the wealthiest persons in cryptocurrency.

Full Article : https://www.ccn.com/ripple-co-founder-invests-in-new-cryptocurrency-from-digital-currency-pioneer-david-chaum/

[asriloni]

When historians set out to chronicle the development of cryptocurrency, one of the first chapters will profile DigiCash, the early digital currency startup which, decades before Bitcoin, almost fulfilled the dream of giving the internet a native currency. However, that project’s inventor, cryptography pioneer David Chaum, wants his name to appear in the book’s subsequent chapters as well. Chaum, now 63, is launching a new cryptocurrency project called Elixxir, which he claims has achieved the holy grail of network decentralization, blockchain security, and transaction speed.

In a Wall Street Journal interview published earlier this year, Chaum alleged that the technological innovations in Elixxir are game changers for blockchain adoption. “These breakthroughs I’ve made change the whole game,” he told the publication. “We can actually meet the requirements to go to consumer scale.” Specifically, Elixxir implements an inversion of the traditional blockchain model, wherein transactions are aggregated into blocks and then processed by validating nodes. Chaum said that blocks will instead be produced prior to transaction batching, allowing the network to process payments quickly, even at scale.

It remains to be seen whether the production blockchain will meet Chaum’s lofty expectations while also achieving sufficient decentralization. In the meantime, Elixxir has announced that the project has received a strategic investment from Chris Larsen, the co-founder of blockchain startup Ripple and, by virtue of his Ripple equity and remaining XRP holdings, one of the wealthiest persons in cryptocurrency.

Full Article : https://www.ccn.com/ripple-co-founder-invests-in-new-cryptocurrency-from-digital-currency-pioneer-david-chaum/

That called elixir and I have joined in the telegram group. it seems like there was no a lot of people have known about this one. They are creating something new and I like this one. Just waiting for the information regarding the elixir ico will be informed to the public participants. 

[vit05]

It's not that revolutionary. It is yet another project that promises more than it can achieve. The repercussion is still very small, has received some resources in the pre-sale and are in need of publicity to promote the ICO. But until then it seems to me another centralized project and commanded by a foundation. Why the hell so many centralized projects?

[Umilawyr11]

So basically another altcoin with typical promises. Apart from the big names, which are Chris Larsen and David Chaum, at least one thing that seems big is, this project is legit. Would like to dig deep in the coming days.

[Qilirith102]

Good to see it's getting attractions from the big names. It seems legit and promises some good things. Let's see how well it can do.

[Caderiviel09]

The new project called Elixxir makes bold promises. David Chaum should have seen some potential in the coin and thus the investment. Only time will tell if it can deliver on its promises.

[Kediarien03]

Although its a good news but lets just hope that its not another big claim of a altcoin by big names like David Chaum that will not see the light of day. Will follow the news regarding the news thoroughly.