path: root/frags
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authorThien-Thi Nguyen <>2021-02-26 00:42:55 -0500
committerThien-Thi Nguyen <>2021-02-26 00:43:26 -0500
commit1e55d70f525cbb46b87668e44da457bd14c334a2 (patch)
treec1ae08c30fef3aacdbed4da75adc149a59dc9e15 /frags
parent126e375326c9baace1b1c0135088d84ace1061c0 (diff)
use more precise formulation for step 5
Diffstat (limited to 'frags')
1 files changed, 4 insertions, 2 deletions
diff --git a/frags/taler-payment-cycle.rst b/frags/taler-payment-cycle.rst
index a40dd35..94dd5c8 100644
--- a/frags/taler-payment-cycle.rst
+++ b/frags/taler-payment-cycle.rst
@@ -28,8 +28,10 @@ transfers payment coins from the wallet to (c), and change coins from (b) to
the wallet (unless the payment amount exactly matches the denomination of the
coins in the wallet).
-In step 5, (c) *deposits* coins into (b). These coins are still anonymous,
-although the transaction itself is not anonymous.
+In step 5, (c) *deposits* coins into (b). At this point, (b) knows the
+identity of (c), but not of (a). Taler uses cryptography to validate that the
+coins are unique and were issued by (b), but (b) cannot determine to whom the
+coins were originally issued.
In step 6, (b) directs (e) to wire transfer real funds corresponding to the
accumulated deposited coins to (f).