not a currency

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Christian Grothoff 2016-11-07 15:24:58 +01:00
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\maketitle
\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
payments are auditable. In Taler, customers can
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
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
and adequately balances the state's need for monetary control with the
citizen's needs for private economic activity.