Elixxir BetaNet Soars, Receives 350% More Applications Than Anticipated

CLAREMONT, Calif., April 24, 2019 /PRNewswire/ -- David Chaum's groundbreaking full-stack blockchain platform, Elixxir, closed node applications Friday after receiving 870 submissions for its BetaNet from operators across more than 80 countries.

Modeled after the Internet Engineering Task Force (IETF) protocol used to standardize the early internet, Elixxir's BetaNet selection process follows six steps. The process was designed to remove the core team's influence over selection by opening applications to community feedback and review. Step 2, the application phase, was open from February 18th to April 19th in order to receive enough quality applicants for the ultimate selection of 100 BetaNet nodes.

Truly a testnet, Elixxir's BetaNet does not feature a block reward, and participation in the BetaNet does not guarantee participation as a node in the MainNet. Given this volunteer-based approach to the BetaNet, 200-300 BetaNet applications were expected to make up Elixxir's selection pool.

Support for the platform's goals and demand to operate a BetaNet node far exceeded these expectations. Peter Somerville, Director of Developer Relations, said that "Node applicants represent a broad diversity of languages, experience levels, and location. We received 870 applications and over 640 were from outside the United States, with the United States, Russia, the U.K., Canada, Germany, Australia, Turkey, China, the Netherlands, and Brazil being the top 10 markets."

The widespread interest in Elixxir's metadata-resistant, privacy-first approach to transaction processing is indicative of a global shift in consumer preference toward privacy-preserving technologies. Elixxir nodes protect privacy by combining end-to-end encryption with a mixed network that completely obscures user metadata. The platform's breakthrough consensus mechanism enables quantum-resistant security capable of supporting a range of transactions including decentralized application (dApp) data transfer.

Step 3 of Elixxir's BetaNet rollout begins today with the anonymizing of applications in preparation for publication and community review, step 4 of the 6-step process.

About Elixxir

Elixxir is a full-stack blockchain platform designed to provide more than 100k transactions per second, full metadata unlinkability and anonymity, and messaging and payment finality in under ten seconds. While promises of scalability and privacy are common in the cryptocurrency space, Elixxir's claims are technically substantiated. The platform has been running successfully in a testnet environment for months, and the rollout of Elixxir's BetaNet is currently in progress. David Chaum is leading the development of this groundbreaking platform, which is powered by his cryptographic breakthroughs, such as the mixnet, that together make data privacy accessible without sacrificing user experience.

About Elixxir's Founder, Dr. David Chaum

Founder and CEO David Chaum is the inventor of DigiCash, the first cryptocurrency, and pioneer in cryptography, privacy, and voting. With a PhD in Computer Science from UC Berkeley, his thesis has many of the elements of what decades later became Bitcoin. David is accompanied by an experienced technical and academic team with backgrounds in cryptography, information technology, economics, and finance.

Contact:

Margaux Avedisian
Acting-CMO
[email protected]

SOURCE Elixxir

Related Links

https://elixxir.io/