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Briefing
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- New Cryptocurrency – David Chaum, inventor of e-Cash in 1980s, announced new cryptocurrency Praxxis at Web3 Summit in Berlin, Germany on August 20, 2019
- Quantum-Resistant – Uses cryptography based on random function, resistant to cybersecurity hacks caused by advanced quantum computers
- Privacy Coin – Breaks payments into smaller individual coins which are comingled with other payments, making them untraceable by block explorers
- Elixxir Blockchain – Will run on Elixxir blockchain that enables fast messaging and payments while preventing leakage of metadata in transactions
- Blockchain Innovations – Uses decentralized randomized algorithm to select nodes that will work together, pre-computes transaction public keys and uses hash functions for real-time transactions, allowing for greater scalability, privacy and security
- White Paper – More technical details will be provided in white paper to be released in late 2019
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Accelerator
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Market Disruption
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Sector
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Financial Services, Information Technology
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Function
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IT Infrastructure
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Source
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"Praxxis, David Chaum's new quantum-resistant digital currency, emerges from stealth,"
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"Welcome Praxxis, David's new quantum-resistant digital currency!,"
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Wan, C., "Crypto forefather David Chaum issues new digital currency, intended as a paradigm shift from bitcoin",
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Stevens, R., "David Chaum unveils Praxxis, a supposedly quantum-resistant crypto",
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AcceleratingBiz analysis
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Original Publication Date
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August 20, 2019
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