not a currency

This commit is contained in:
Christian Grothoff 2016-11-07 15:24:58 +01:00
parent 1d740824fa
commit 44f57b37ab
No known key found for this signature in database
GPG Key ID: 939E6BE1E29FC3CC

View File

@ -75,7 +75,7 @@
\maketitle \maketitle
\begin{abstract} \begin{abstract}
This paper introduces {\em Taler}, a Chaum-style digital currency that This paper introduces {\em Taler}, a Chaum-style digital payment system that
enables anonymous payments while ensuring that entities that receive enables anonymous payments while ensuring that entities that receive
payments are auditable. In Taler, customers can payments are auditable. In Taler, customers can
never defraud anyone, merchants can only fail to deliver the never defraud anyone, merchants can only fail to deliver the
@ -93,7 +93,7 @@ transactions. The refresh protocol combines an
efficient cut-and-choose mechanism with a {\em link} step to ensure efficient cut-and-choose mechanism with a {\em link} step to ensure
that refreshing is not abused for transactional payments. that refreshing is not abused for transactional payments.
We argue that Taler provides a secure digital currency for modern We argue that Taler provides a secure digital payment system for modern
liberal societies as it is a flexible, libre and efficient protocol liberal societies as it is a flexible, libre and efficient protocol
and adequately balances the state's need for monetary control with the and adequately balances the state's need for monetary control with the
citizen's needs for private economic activity. citizen's needs for private economic activity.