Website (https://elixxir.io/) | Telegram (https://t.me/elixxir_io) | Medium (https://medium.com/elixxir) | Twitter (https://twitter.com/elixxir_io) | Facebook (https://www.facebook.com/elixxir.io/) | Reddit (https://www.reddit.com/r/Stacktical) | LinkedIn (https://www.linkedin.com/company/elixxir/) | Steemit (https://steemit.com/@elixxir-io)
(https://i.ibb.co/rcHh0Hn/photo-2019-03-21-18-26-46.jpg)
Elixxir (https://elixxir.io/) - full-stack blockchain platform led by world-famous cryptographer David Chaum (https://en.wikipedia.org/wiki/David_Chaum), the inventor of digital cash and father of online anonymity.
Elixxir (https://elixxir.io/) is dedicated to facilitating truly decentralized payments and private messaging to consumers globally via the blockchain.
The Elixxir technology represents a fundamental breakthrough in cryptography that enables performance and privacy on a global consumer scale. Quantum-resistance with immediately scalable transaction speeds enable the Elixxir platform to support development, distribution, and durability of truly private, secure dApps without compromising user experience.
The Elixxir BetaNet Node Application opens from 19 February and close on Friday, April 19th.
READ MORE HERE (https://medium.com/elixxir/the-elixxir-betanet-node-application-3c049f7fcfcb)How Does Nodes works?
Step 0 — Setup: A user who wants to send messages or payments using the Elixxir platform only interacts with precomputations once. When registering, users establish shared keys with the Elixxir mixnodes. Nothing else is then required from the user.
Mixnodes, which are responsible for shuffling messages and transactions, will collectively establish shared values for every round. Therefore, a team of nodes collectively establishes a global public key and individual secret shares, to be used in the multi-party homomorphic encryption system, a process that allows computers to run calculations on secure data while it remains encrypted.
Step 1 — Preprocessing: Group-homomorphic encryption allows the team of nodes to securely and collectively precompute the encryption values they want to use in the real-time phase. To do so, nodes operate on the ciphertext they received from the previous mix node in the team.
Step 2 — Mixing: The mixnodes multiply a new fresh value and apply a permutation to each slot. These individual permutations are used by each mixnode in the real-time phase and serve as a shuffle mechanism that masks the origin of the messages.
Step 3 — Postprocessing: To complete the precomputation, the nodes in the team finish the multiparty computation, by collectively decrypting the resulting values. Since this work was done under homomorphic encryption, this final step allows the team to collectively remove the masking factors and obtain the product of the encryption factors.
The Elixxir team is excited to be working on a platform that delivers gold-standard cryptography at real-time speed. Although that combination may sound like magic, in reality we achieve these results through precomputations. This means that on the Elixxir platform users can use extremely secure cryptography to send a private message or payment without experiencing a noticeable delay. By harnessing precomputations the Elixxir platform also has an unprecedented capacity to grow to consumer scale.
Website (https://elixxir.io/) | Telegram (https://t.me/elixxir_io) | Medium (https://medium.com/elixxir) | Twitter (https://twitter.com/elixxir_io) | Facebook (https://www.facebook.com/elixxir.io/) | Reddit (https://www.reddit.com/r/Stacktical) | LinkedIn (https://www.linkedin.com/company/elixxir/) | Steemit (https://steemit.com/@elixxir-io)