Crypto Inventor Claims Better Exchange

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.

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:
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