CRYPTO PIONEER DAVID CHAUM SAYS HIS NEW BLOCKCHAIN BEATS BITCOIN
David Chaum, eCash's pioneering creator and cryptographer, unveiled his cryptocurrency Elixxir. These breakthroughs have changed the whole game. Speaking at the Singapore Consensus conference, Chaum said his latest project addresses speeding gaps that currently prevent blockchain-based assets, such as that Bitcoin scaling. Elixxir makes several fundamental changes to how the blockchain handles transactions against existing cryptocurrencies. All this in order to increase efficiency, its network can handle thousands of transactions per second.
“It is widely recognized that some fundamental solutions are needed in order for blockchain technology to make the critical leap from store-of-value to consumer-scale payment and messaging. We wanted to have the engineering done and software up and running before announcing our solution to those problems.”
The release coincides with the run-up to Bitcoin’s tenth birthday, at a time when its own developers continue to work on improvements to cater to a potential influx of demand in the coming years.
