RATE Group | WATCH: Ecash Creator David Chaum On His New ‘Quantum-Resistant’ Cryptocurrency, Praxxis 
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WATCH: Ecash Creator David Chaum On His New ‘Quantum-Resistant’ Cryptocurrency, Praxxis 

22 Oct WATCH: Ecash Creator David Chaum On His New ‘Quantum-Resistant’ Cryptocurrency, Praxxis 

Posted at 00:33h in Cryptocurrency News by

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Digital money pioneer David Chaum is creating his second digital currency and we caught up with him at Devcon in Osaka, Japan.

He created the first platform, Ecash, in 1983 and it was meant to be an electronic cash system, not unlike what bitcoin is today. 

Now, Chaum is developing a new so-called “quantum-resistant” digital currency called Praxxis that innovates on his original ideas for Ecash as well as on the technology advanced by Satoshi Nakamoto’s bitcoin. 

“Praxxis is delivering two things. One is a new consensus algorithm that is well suited for the Elixxir network. … Praxxis is also creating a new quantum-resistant [crypto]currency,” said Chaum. 

Before Praxxis, Chaum created Elixxir, a distributed messaging platform that shreds metadata (data giving information about other data) in an effort to preserve user privacy. Chaum unveiled Elixxir in September 2018. 

Praxxis, on the other hand, was unveiled this August. It is intended to enable…

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