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There are a number of high profile messaging systems already in operation such as Telegram, Skype, Facebook Messenger, and WeChat. The team is aiming to replace current centralized systems and have targeted high scalability, verifiability, privacy, and digital security as being key determiners to success.ĭue to the team’s focus, Elixxir is addressing a significant market and aims to become a widely used decentralized messaging platform focused on confidentiality and highly scalable digital payments. There are a significant number of competing projects already in existence, and Elixxir will need to differentiate itself from both blockchain and non-DLT competition. Elixxir will also have to hope that centralized service providers such as Facebook and Samsung are unable to successfully integrate digital payments into their current systems, while more niche providers such as Signal, Wire, and Keybase are extremely well regarded amongst privacy advocates. In addition, Telegram is already a major player in the space and has also held an extremely successful ICO.
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There are a number of blockchain projects currently attempting to disrupt the world of digital payments and messaging including Status, Mainframe, Skrumble Network, Dusk, and Horizen. Space In The Market & Competitive Advantage With the Elixxir payment and messaging AlphaNet already working, the BetaNet is scheduled to launch in Q2 2019. The project has only just recently emerged from stealth mode and alongside the release of the technical brief the team have announced a functional AlphaNet, and a visualisation of a toy demo of an Elixxir block explorer is available on the official website. Users generate and control their own keys, and retain exclusive access to their digital property, and manage the linking of any personal credentials to their transaction or messaging data. Elixxir is tasked with replacing current centralized systems, and the protocol design results in a high performance blockchain platform that enables users to control their privacy by revealing the minimum amount of information necessary to conduct transactions. In addition, Elixxir makes use of precomputations and secret based payment structures which revolve around handling static tokens and Hash Based Ownership to enable highly scalable private transactions. The Elixxir platform utilizes accelerated mix networks to ensure confidentiality, and the cMix Protocol works to dissociate the origin, contents, and destination of any message or payment transaction. As a result, the identity of communicating parties and their devices remains private. Communication privacy: Communications are end-to-end encrypted, and can only be read by the intended recipients.Therefore, only senders and receivers can review and prove payment history. Transactional privacy: Transaction data is not stored on the blockchain, and transactions are not linked to users or to other transactions.Scalability: The ability to process tens of thousands of transactions per second.Speed: Payment completion and message transmission are completed in a matter of seconds.The blockchain platform allows users to communicate and exchange value securely and confidentially as Elixxir’s unique design and use of accelerated mix networks produces a decentralized system capable of processing transactions on a mega tps (transactions per second) scale that exceeds the kilo tps scaling capabilities of current mainstream payment systems. Elixxir is a scalable, high-performing messaging and payment platform that aims to preserve its users’ rights to digital sovereignty.