David Chaum, Inventor of DigiCash, Sets Out to Build a “Better Bitcoin”
Cryptovest
Published Sep 20, 2018 11:43AM ET
Updated Sep 20, 2018 01:00PM ET
David Chaum, Inventor of DigiCash, Sets Out to Build a “Better Bitcoin”
David Chaum, 63, showed up at the Consensus 2018 conference in Singapore with an idea to revolutionize Bitcoin (BTC) . Chaum is considered one of the early birds of applied cryptography, after proposing the DigiCash electronic money in the 90s. However, the technological infrastructure was not there yet to have a crypto asset built, and it would take years before Bitcoin appeared on the stage.
Now, Chaum has founded his own startup, Elixxir, and plans to build a blockchain allowing for enterprise-level transactions. He promises thousands of transactions every second, but has suggested block producers would need to be more centralized.
The chief idea of Chaum is to first create blocks, then attach the transactions to them.
“The blocks in this new system wouldn’t contain the actual transactions, nor would they be linked to digita...
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