|author||Thien-Thi Nguyen <firstname.lastname@example.org>||2021-02-26 00:42:55 -0500|
|committer||Thien-Thi Nguyen <email@example.com>||2021-02-26 00:43:26 -0500|
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
@@ -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).