Ripple Co-Founder Invests in DigiCash Creator’s New Crypto Project

When historians set out to chronicle the development of cryptocurrency, one of the first chapters will profile DigiCash, the early digital currency startup which, decades before Bitcoin, almost fulfilled the dream of giving the internet a native currency. However, that project’s inventor, cryptography pioneer David Chaum, wants his name to appear in the book’s subsequent chapters as well.

Chaum, now 63, is launching a new cryptocurrency project called Elixxir, which he claims has achieved the holy grail of network decentralization, blockchain security, and transaction speed.

In a Wall Street Journal interview published earlier this year, Chaum alleged that the technological innovations in Elixxir are game changers for blockchain adoption. “These breakthroughs I’ve made change the whole game,” he told the publication. “We can actually meet the requirements to go to consumer scale.”

Specifically, Elixxir implements an…