Kyser Sose, Satoshi Nakamoto, David Chaum – recognize any of those names?
In the world of cryptocurrency, only Mr. Chaum is a real person who, the Wall Street Journal says, built his own cryptocurrency (Digicash) years before Bitcoin.
He is now touting a new exchange platform called “Elixxir” that he claims will “process thousands of transactions a second…and cuts down on the energy required to maintain the network.”
Bitcoin exchanges can process only about 7 transactions per second.
Chaum says that he has hit the Triple Crown of crypto transaction processing – “decentralized, secure and fast.”
Security is a huge problem as many exchanges (eg, Mt. Gox) have been hacked and lost millions of investor funds.