Ripple Co-Founder Invests in New Cryptocurrency from Digital Currency Pioneer David Chaum
According to the creator’s claims, Elixxir should become a perfect implementation of a truly decentralized and safe blockchain with a high speed of transactions. It is believed to revolutionize the industry.
It was reported that the new startup Elixxir, launched by one of the pioneers of cryptocurrency David Chaum, received a strategic support from Ripple co-founder Chris Larsen. It’s important to note that Larsen is considered as one of the richest people in cryptocurrency industry.
As Larsen notes, David Chaum has been pioneering the privacy of the digital world for more than 40 years already. “I’m proud to have this opportunity to support Elixxir on its early stages of development,” Larsen claims and adds that this blockchain startup will open the gates for millions of people.
David Chaum is known for his DigiCash digital currency, a project which had almost achieved the creation of pure internet money tens of years before Bitcoin. According to the creator’s claims, Elixxir should become a perfect implementation of a truly decentralized and safe blockchain with a high speed of transactions. It is believed to revolutionize the industry.
Chaum is convinced that he found something that will change the sphere of crypto completely. He argues that this project will fulfill and adhere to all requirements of its users.
Elixxir developers see the blockchain in a different way as compared to traditional vision in which transactions are first gathered in blocks and then processed in the network hubs. According to Chaum, Elixxir will employ a different pathway: first, the blocks are created, and then transactions are gathered in them. That said, the network processes transactions way quickly, even at huge scales.
However, time will show what Elixxir is really capable of. Nevertheless, the project is not only supported by Ripple’s co-founder; Singapore-based H&D Company Pte Ltd has also made an investment in Elixxir.
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