Crypto Inventor Claims Better Exchange

Kyser Sose, Satoshi Nakamoto, David Chaum – recognize any of those names?

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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.

https://www.wsj.com/articles/crypto-pioneer-david-chaum-says-hes-built-a-better-bitcoin-1537405201

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, balance, Banks, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , . Bookmark the permalink.

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