David Chaum says that his new cryptocurrency is quantum laptop resistant


E-cash inventor David Chaum has revealed one other cryptocurrency which he says is proof against quantum laptop assaults.

Chaum plans for quantum armageddon

In a blog post Chaum, issued on August 20, defended the brand new provide, Praxxis, which has gone by way of a six-month growth course of.

The brand new blockchain follows Chaum & # 39; s Elixxir challenge, that debuted final September, and is meant to work intently along with his workers.

“The Praxxis consensus protocol concurrently overcomes the challenges of scalability, privateness and safety confronted by legacy blockchains, the & # 39; trilemma & # 39 ;, to the & # 39; pure peer-to-peer model of digital cash & # 39 ; to ship what Satoshi known as within the first few phrases of his white paper. And the Praxxis forex can be designed to harness the facility of its sister Elixxir's privateness safety platform, ”the weblog put up explains.

Chaum is generally recognized as one of many fathers of digital cash, whereas his efforts lately have been marked as separate from Bitcoin (BTC) self.

Is there a quantum menace?

The give attention to quantum resistance stems from an earlier debate concerning the common susceptibility of Bitcoin to assaults by the brand new era of {hardware}.

In 2017, commentators like Andreas Antonopoulos the issues have been largely rejected.

“It’s sure that the NSA has already constructed quantum computer systems. Google has one of their information heart, and if they’ve one, the NSA has one that’s ten instances higher, "he said in a query and reply session in March of that yr, including:

“Do they use that to interrupt Bitcoin? The easy reply is & # 39; no & # 39 ;. "

Chaum launched Praxxis on Tuesday in a proper setting on the Web3 Summit in Berlin.

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