Yesterday the blockchain project Praxxis led by ‘crypto Godfather’ David Chaum was
announced. Praxxis is a digital currency and blockchain which uses multiple new approaches for faster transactions, scalability, security, and privacy right down to the metadata. It was developed in secret by Chaum’s team at WBM Corp.
In the 1990s dotcom boom 64-year old Chaum’s company, DigiCash developed the first digital currency e-Cash which was available from banks such as Credit Suisse and Deutsche Bank.
A key issue with blockchains such as Bitcoin and Ethereum is you have to wait some time to ensure that the transaction is final and won’t be reversed. In contrast, it is claimed that Praxxis is capable “of finalizing payments at the scale and speed required by a global transaction system. ”
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