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authorFlorian Dold <florian.dold@gmail.com>2019-05-26 12:33:43 +0200
committerFlorian Dold <florian.dold@gmail.com>2019-05-26 12:33:43 +0200
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@@ -698,11 +698,11 @@ for these questions on the basis of our technology.
%cryptography.
Deployment models using a truly distributed ledger will prove exceptionally
-expensive and unable to handle the require transaction rates to be relevant
+expensive and unable to handle the required transaction rates to be relevant
for non-criminal enterprises.
In contrast, cryptographic techniques like those offered by Taler require
-professionally-run critical infrastructure, but will then be able to handle
+professionally-run mission-critical infrastructure, but will then be able to handle
transactions at rates comparable to those provided by cash today at lower cost.
\paragraph{What are the emerging technologies that underpin CBDC designs and which
@@ -743,7 +743,7 @@ compete with existing payment methods (cash and commercial offerings).
As Taler is reserve-based, it would not compete with credit cards
used by consumers to get credit.
-We expect the fastest uptake to be in the market for online payments and
+We expect the fastest uptake to be in the market for e-commerce payments and
micropayments. Micropayments in particular will provide an alternative
new business model, especially for businesses depending on online
advertising for revenue today.