Mention refresh protocol in abstract
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\maketitle
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\maketitle
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\begin{abstract}
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\begin{abstract}
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This paper introduces Taler, a Chaum-style digital currency that
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This paper introduces {\em Taler}, a Chaum-style digital currency that
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enables anonymous payments while ensuring that entities that receive
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enables anonymous payments while ensuring that entities that receive
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payments are auditable and thus taxable. In Taler, customers can
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payments are auditable and thus taxable. In Taler, customers can
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never defraud anyone, merchants can only fail to deliver the
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never defraud anyone, merchants can only fail to deliver the
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@ -81,12 +81,13 @@ fully audited. All parties receive cryptographic evidence for all
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transactions; still, each party only receives the minimum information
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transactions; still, each party only receives the minimum information
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required to execute transactions. Enforcement of honest behavior is
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required to execute transactions. Enforcement of honest behavior is
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timely, and is at least as strict as with legacy credit card payment
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timely, and is at least as strict as with legacy credit card payment
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systems that do not provide for privacy. Taler allows fractional
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systems that do not provide for privacy. Taler unique {\em refresh
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payments while maintaining unlinkability of transactions. We argue
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protocol} allows fractional payments and refunds while maintaining
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that Taler provides a secure digital currency for modern liberal
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anonymity of the customer and unlinkability of transactions.
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societies as it is a flexible, libre and efficient protocol and
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We argue that Taler provides a secure digital currency for modern
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adequately balances the state's need for monetary control with the
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liberal societies as it is a flexible, libre and efficient protocol
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citizen's needs for private economic activity.
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and adequately balances the state's need for monetary control with
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the citizen's needs for private economic activity.
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\end{abstract}
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\end{abstract}
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\section{Introduction}
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\section{Introduction}
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