Eduard Watson

1 year ago

Ripple co-founder Chris Larsen is only one of a few key blockchain players who invested in Elixxir, a blockchain firm launched by David Chaum, a cryptographer who invented ecash, Bitcoin’s precursor.

Ecash is an anonymous, cryptographic Internet-based money platform which did not have a long run.

It was adopted by a bank from 1995 to 1998 as a micropayment system.

Elixxir aimed to fulfill Satoshi's visions

Elixxir is able to process hundreds of thousands of quantum-resistant transactions while only using a tiny bit of the energy required to process Bitcoin transactions.

When the project started back in 2016, it had the primary goal of fulfilling Satoshi Nakamoto’s vision of a decentralized platform for messaging and transactions without dealing with speed and scaling-related issues.

According to Elixxir, the company has more than 1,500 parties interested in its nodes and 500 developers interested in creating apps on the platform.

Chris Larsen invested in Elixxir

Ripple’s co-founder wants to give people the chance to build wealth by investing in products that can create a sustainable future.

“David Chaum has been a defender of privacy in the digital world for almost 40 years. I am proud to be an early backer of Elixxir and look forward to seeing this consumer-facing blockchain open the door to secure use by millions of individuals in their daily lives,” Larsen said.

Chaum took part at the Money 20/20 conference in Las Vegas on October 23.

There, he connected with Litecoin founder Charlie Lee and BTC media founder David Bailey in order to address privacy in the modern age.

Elixxir was announced in September at Consensus Singapore blockchain convention.

Chris Larsen also said recently that a new financial crisis could be less imminent with the help of cryptos.

He stated that XRP and similar digital assets could play a massive role in strengthening the global economy and helping prevent the next financial crisis.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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