Elixxir in my words - M First Article

Elixxir in my words - M First Article

By Sunaj | CryptoJam | 30 Mar 2019


 

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Elixxir is a decentralized block-chain platform built by David Chaum and his team. The platform will allow users of the technology to communicate and exchange value securely. The design of elixxir allows for it to scale on a mega- transaction per second scale level as compared to the conventional payment platform technologies that perform at a kilo transaction per the second level as stated in the Elixxir white paper.
According to David and his team, the elixxir platform provides the speed, the privacy and scalability that consumers expect. Elixxir will offer true privacy, this is possible because Transactions are not linked to users or to other transactions. Communication is end to end encrypted, they can only be read by the intended recipients.
Elixxir uses what they call a "mix network", a mix network as defined in the white paper as a routing protocol that uses cryptography to separate the contents of a message and its destination. The mix network together with a distributed ledger makes for a secure and confidential blockchain. 
Elixxir groups its nodes into teams, however, they are temporary teams, which exist only until the block they are working on is complete. Through a consensus protocol, they validate and agree to process all messages before decryption. Once the block is completed, the team is disbanded and they become available to form a next random team and process another block. 
In my view, Elixxir seems to be a very promising project and will be one to keep an eye on, since you have the CO-Founder of Ripple Labs Chris Larson Investing in it last year. According to Mr Larson, “Mr David Chaum has been an advocate for privacy in the digital world for many years and he is elated to be an early backer of the elixxir blockchain”.
Be sure to check out the white paper
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