DigiCash Creator David Chaum Emerges With New Elixxir Platform

David Chaum, who gained fame for constructing a digital currency long before Bitcoin, has emerged to introduce a new platform, Elixxir, at Consensus Singapore. He claims Elixxir will be able to process thousands of transactions per second.

David Chaum, widely seen as the inventor of digital cash, and a well-known advocate for blockchain technology, is now ready to unleash a new platform he claims can churn through thousands of transactions per second.

According to the Wall Street Journal, Chaum’s Elixxir platform produces blocks first and then sees them filled up as transactions are recorded, cutting down on processing time.

Chaum says the overall system processes and stores less data, which lessens potential security vulnerabilities and slashes the amount of required energy.

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