Elixxir’s David Chaum speaks with TechCrunch’s Mike Butcher at Web Summit 2018 in Lisbon, Portugal, earlier this month (Nov 5-8).
Chaum states that no current blockchains are ready for mainstream adoption because none can fully satisfy the following requirements:
Chaum is the CEO of Elixxir, which he founded this year as a blockchain solution to the above. In brief, it enables fast, secure and confidential messaging and payments at minimal cost. The Elixxir blockchain can scale to hundreds of thousands of transactions each second, each message or payment delivered or confirmed within seconds, efficiently enabling use as a smartphone app.
He notes that blockchain established a fair playing field for anyone in the world.
The future will evolve in a way where developers will move from creating apps to dapps because they will make more money and it’s where the world will be going.
According to Elixxir’s website, “Two fundamental innovations have enabled Elixxir’s ability to scale performance and privacy securely:”
- Nodes are selected to work together by a decentralized randomized algorithm. This creates increased privacy and network integrity.
- All per-transaction public key operations are pre-computed; only “hash functions” are used in real-time per-transaction.
David Chaum is a serial entrepreneur who first created blockchain technology in 1982 while a graduate student at the University of California Berkeley.
David is widely recognized as the inventor of digital cash, is a renowned expert in cryptography and secure election systems, and today is a leading proponent of blockchain technology.
David also founded the International Association for Cryptologic Research, the cryptography group at the Center for Mathematics and Computer Science in Amsterdam, DigiCash (issuer of eCash cyberbucks and fiat-backed digital currencies in the 90’s), and the Voting Systems Institute.
Here is David’s website: www.chaum.com.