Average rating : MEDIUM
The Elixxir blockchain has been designed to address performance issues hindering the adoption of current decentralized systems, while maintaining the privacy consumers require.
Two fundamental innovations have enabled Elixxir's ability to scale performance and privacy securely:
1. Nodes are selected to work together by a decentralized randomized algorithm. This creates increased privacy and network integrity.
2. All per-transaction public key operations are pre-computed; only “hash functions” are used in real-time per-transaction.
|Crowd-sale:||TBA - ...||NOT STARTED|
|Ticker:||Available for token sale:|
|Token type:||Private-sale/pre-sale token price:||/|
|Accepts:||Private-sale/pre-sale bonus:||no info/ no info|
|Prototype:||Pre-sale min/max personal cap:|
|Team:||12 persons||Crowd-sale token price:|
|Team residence:||Crowd-sale min/max personal cap:|
|Company residence:||Los Angeles, USA||Cant participate:|
Elixxir is a project that has just emerged from stealth mode so as a result it’s not possible to make a full evaluation. Key information regarding the release of the whitepaper, token utility, tokenomics, governance, hard cap, and the launch of the MainNet have not yet been released. It is therefore still early days and we will have to wait for additional information to be made available in order to complete the review.
Having said that, the communications sector is a difficult market to tackle, as success hinges on gaining wider adoption and achieving significant business development. Currently, Status can rely on widespread support from the Ethereum community, and projects such as Trust Wallet, IM Token, or Bread Wallet could also add a messenger to their services in the future. More direct blockchain competitors such as Horizen, Mainframe, and Skrumble Network could also steal a march if the Elixxir team conduct a drawn out tokensale. In addition, Facebook and Telegram can simply integrate a payments system into their messenger services, while more specialized privacy oriented services such as Signal, Wire, and Keybase may also prove difficult to surpass. The lack of traction gained by FortKnoxter highlights the potential difficulties. However, Dr. David Chaum is extremely well respected and has a significant amount of experience in dealing with digital currencies and private networks, and the seed round participation of from H&D Company Pte Ltd and Ripple co-founder, Chris Larsen may be just a taste of things to come.
As a result, we will have to wait for further release of the outstanding information regarding the project before we aim to fully evaluate Elixxir’s potential impact on the space. As of now, Elixxir is looking like one of the more serious projects currently looking for funding, and their technical architecture stands out in several ways.see more