Bitcoin of the future: the fastest crypto currency in the world is represented


#1

David Schum, who created his digital currency eCash more than a decade before the appearance of bitcoin (the current course), introduced a new platform, which, he said, would allow trading digital money almost as fast as physical money.

A platform called Elixxir will be able to process thousands of transactions per second and reduce the energy needed to maintain the network. Now the bitcoin network can handle about seven transactions per second, low speed is a major obstacle to the popularization of the network. For comparison, Visa can handle tens of thousands of transactions for the same time. Similar indicators promise Elixxir.

Unlike the bitcoin network, blocks are first produced and then filled as transactions are recorded, which significantly reduces the processing time. Blocks in this new system will not contain real transactions and will not be associated with digital wallets. The network will store less information, which will reduce its vulnerability and reduce the energy needed to operate it.

And, finally, in Elixxir, all network members will be rewarded equally, regardless of the power of their equipment, and the platform itself will be released as an open source project (like bitcoin), so that developers can improve it and create on its basis own development.


#2

Crypto development is increasingly proud. many platforms claim the fastest, it’s good the development of ideas is getting great.


#3

There is no doubt about Bitcoin is the future and it is widely used crypto.


#4

We are only at the beginning of the development of blockchain technology and crypto currencies and what seems impossible today, tomorrow will already work.


#5

Yes, I second that. Crypto market is just 9 years old and there will be the kind of improvements in the future which we can’t even think of at the moment.

Lets see what new things this Elixxir will bring.