MixxChain: Crypto Godfather David Chaum’s MixxLabs Privacy Meets Scalability eCash Project
Much as what happens with people who become major names in their industry du jour. The renowned cryptographer, David Chaum, the man the led to the creation of the adjective ‘Chaumian', commonly used in the phrase ‘Chaumian ecash'.
The titling and adjective is pretty well planned and placed, especially considering Chaum was the crucial innovator at the genesis of the field of digital cash, his initial work was conventionally regarded as giving a further lease of life to the cyberpunk movement and as a forerunner to a great many of today's list of cryptocurrencies.
Chaum's own ‘Digitcash' electronic money system was more than a decade or two ahead of its time, paving the way for the likes of Bitcoin & Ethereum, but unfortunately went the same way as those early innovators. in the subsequent years, the legacy of Chaum has been tapped into again and again, manifesting as Bitcoin in its most popular iteration as the de facto decentralized answer to the question DigiCash asked.
Now, interestingly, Chaum’s back in the space — this time guiding a new privacy-focused project called MixxChain.
Where Scalability and Privacy Meet
DigiCash is said to have failed because the appetite for digital money didn’t exist yet.
But where Bitcoin has been a dominant force for almost a decade now, and a once fledgling cryto economy has risen exponentially, thanks to an investor base with a voracious appetite, MixxChain could have a chance. The new project is centered around improved privacy for users, and is being developed by MixxLabs, a blockchain development company led by Chaum.
Cue the Elevator Pitch
“MixxChain is working to increase transaction speed and anonymity to give blockchain technology the best possible opportunity to break into the mainstream,”
– the project’s media team noted on Twitter days ago.
According to MixxChain's own site, the project aims to focus its effort around the ongoing matter of confidentiality when it comes to transactions, aiming to take network throughput well into the thousands-per-second range, and “Seconds long transactions.” Which sounds like a promising concept.
Conversely, some, like the Cryptosphere personality, WhalePanda, have already demonstrated a certain level of skepticism on the project. Taking to Twitter early on, WhalePanda illustrated that MixxChain requested prospective betanet node runners allow the team to “Store and process your personal data.”
On MixxChain’s site, the project is said to be focused around confidential transactions, network throughput well into the thousands-per-second range, and “seconds-long transactions.” That all sounds good, of course.
In response, the privacy-centered company replied with just “Looking forward to opening up the dialogue soon.” The team went on to hint at offering further information on the new project at the Consensus Singapore conference, which starts on September 19th.
The team alluded to offering more information on the new project at the Consensus Singapore conference, which starts September 19th.
Good morning! We are excited to share more in Singapore. Looking forward to opening up the dialogue soon. Thank you for your curiosity and patience while we get to know the community in Asia. (And way to find us early!)
— Elixxir (@elixxir_io) September 16, 2018
The builders of MixxChain intend to make their first public case for their vision during this event, it seems. How exactly the various segments of the cryptocurrency ecosystem responds to the aforementioned vision will be a thread that spectators will have to keep a continued eye on in the next few weeks.