The Elixxir blockchain - launched during Consensus
Singapore by legendary cryptographer David Chaum - has announced strategic
investments from lead players in the blockchain industry.
David Chaum will be at Money 20/20 on Tuesday, October 23 from 9:00 am to 9:30
am PST where he will speak on the "Privacy in the Digital Age"
Panel
alongside Charlie Lee, Founder of Litecoin and David Bailey, Founder of BTC
Media. Mr. Chaum will be able to discuss this announcement further, in person.
The investments come after years of platform architecture design in "stealth
mode" dating back to 2015, with specific development on the Elixxir project
beginning in early 2016. The funding comes from leaders both in Asia and the
United States who share a common vision of a blockchain platform capable of
supporting confidential and secure communication of sensitive financial
information at the scale required for mainstream adoption.
H&D Company Pte Ltd, a Singapore-based entity and Chris Larsen, a leading
privacy advocate and Ripple co-founder, have emerged as seed investors in
project.
H&D Company Pte Ltd spoke enthusiastically about the investment, "H&D Company
Pte Ltd and Elixxir are working together to give everyone the opportunity to
build wealth by investing in products that are currently out of reach. We value
David Chaum's experience and innovations in cryptography and shared vision to
create a more vibrant and sustainable future."
Echoing a similar sentiment, Larsen said, "David Chaum has been a defender of
privacy in the digital world for almost forty 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."
Within just 10 days of Elixxir's launch, over 1,500 interested parties signed
up to run Elixxir network nodes, while over 500 developers declared interest in
developing decentralized applications on Elixxir*.
The Elixxir design is capable of processing hundreds of thousands of
confidential, quantum-resistant transactions in a matter of seconds. No
existing blockchain platform has been capable of achieving this scale to-date.
The Elixxir blockchain can also operate at a fraction of the energy of the
bitcoin, addressing concerns over the energy consumption of the bitcoin network.
About Elixxir's Founder, Dr. David Chaum
David Chaum is a serial entrepreneur who first proposed the idea of blockchain
technology in 1982 while a graduate student at the University of California
Berkeley. Chaum is widely recognized as the inventor of digital cash, is a
renowned expert in cryptography and secure election systems, and is a leading
proponent of blockchain technology. Chaum 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), the Voting Systems
Institute and the Perspectiva Fund.
About Elixxir
Elixxir's mission is to fulfill the dream of decentralization, enabling people
to message and transact securely, with the confidentiality they expect, at
speed they need. Elixxir's technology is a leap forward in the technological
evolution of humanity, enabling the freedom of digital sovereignty.
