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authorFlorian Dold <florian.dold@gmail.com>2019-05-04 17:15:04 +0200
committerFlorian Dold <florian.dold@gmail.com>2019-05-04 17:15:04 +0200
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@@ -126,7 +126,7 @@ Currencies serve three key functions in society:~\cite{mankiw2010macroeconomics}
\end{enumerate}
How do the various methods measure up to these requirements?
-\section{Cryptocurrencies vs. Central Bank Issued Currencies}
+\section{Cryptocurrencies vs. Central-Bank-Issued Currencies}
\begin{figure}
\centering
@@ -157,7 +157,8 @@ activity from tax evasion to financing of terrorism.
These problems are easily addressed by combining the register (or
ledger) with a central bank providing a regulatory framework and
monetary policy, including anti-money-laundering and
-know-your-customer enforcement. Such central bank issued currencies
+know-your-customer enforcement. Such central-bank-issued currencies
+
may be able to improve the availability, integrity and performance of
their register using our Byzantine Set Consensus protocol in lieu of
simplistic provisioned blockchains.
@@ -203,7 +204,7 @@ Central banks are carefully considering what might be the right
technology to implement an electronic version of their centrally
banked currency, and with Taler we hope to address most of their concerns.
Nevertheless, all electronic payment systems, including Taler even
-when backed by central bank-issued currencies, come with their own
+when backed by central-bank-issued currencies, come with their own
inherent set of risks:~\cite{riksbank2017riksbank}
\begin{itemize}