The Creator of eCash David Chaum presented “the fast cryptocurrency “ with a focus on privacy

“Godfather” of the cipherpunk movement and Creator of the first digital
eCash monetary system Dr. David Chum announced the launch of a new cryptocurrency Elixxir

According to Chaum, Elixxir will solve the main problems of digital currencies: low
scalabilities. He stressed that Elixxir will be resistant to possible
scalability if the server needs to produce
public key operation for each transaction», —
said the Creator of eCash, adding that Elixxir will be the most
Chaum also offered a kind of “workaround” — performing operations with
public keys in advance. He is convinced that it will make Elixxir into thousands
The developers also intend to use the confidential Protocol
calculations for maximum privacy. This technology is already
they are used in such anonymity-oriented projects as ZCash and
We will note that Chaum made some changes to work of the Protocol. Nodes in
network Elixxir (mixed) will produce a confidential calculation for
Moreover, the approach to operations with public keys allegedly can
allow Elixxir to minimize the threat of quantum computers. Chow.
he added that the government should actively contribute to sustainable
However, the well-known in the community bitcoin maximalist WhalePanda
found that to run the nodes in the network Elixxir (Mixxchain) are required to take
KYC procedure. He found it rather strange, because the project focuses on the privacy of users.

We will remind, earlier ForkLog published “ Genesis-archives: eCash of David Chaum
and the birth of the dream of cipher banks”, telling about the creation of cryptographic
technologies, thanks to which Tor and the first digital system appeared

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