exchange

Base system with REST service to issue digital coins, run by the payment service provider
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commit 44f57b37ab68b95eab1f5e9337f4859923ff1d2d
parent 1d740824fa8914e21c402abefc5f3d5a8cdfa4ca
Author: Christian Grothoff <christian@grothoff.org>
Date:   Mon,  7 Nov 2016 15:24:58 +0100

not a currency

Diffstat:
Mdoc/paper/taler.tex | 10+++++-----
1 file changed, 5 insertions(+), 5 deletions(-)

diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex @@ -75,7 +75,7 @@ \maketitle \begin{abstract} -This paper introduces {\em Taler}, a Chaum-style digital currency that +This paper introduces {\em Taler}, a Chaum-style digital payment system that enables anonymous payments while ensuring that entities that receive payments are auditable. In Taler, customers can never defraud anyone, merchants can only fail to deliver the @@ -93,7 +93,7 @@ transactions. The refresh protocol combines an efficient cut-and-choose mechanism with a {\em link} step to ensure that refreshing is not abused for transactional payments. -We argue that Taler provides a secure digital currency for modern +We argue that Taler provides a secure digital payment system for modern liberal societies as it is a flexible, libre and efficient protocol and adequately balances the state's need for monetary control with the citizen's needs for private economic activity. @@ -724,7 +724,7 @@ with signature $\widetilde{C} := S_K(\FDH_K(C_p))$ where $m$ is an identifier for this transaction, $f$ is the price of the offer, and $a$ is data relevant to the contract indicating which services or goods the merchant will - deliver to the customer, including the {\tt /merchant-specific} URI for the payment. + deliver to the customer, including the {\tt /merchant-specific} URI for the payment. $p$ is the merchant's payment information (e.g. his IBAN number), and $r$ is a random nonce. The merchant commits $\langle \mathcal{A} \rangle$ to disk and sends $\mathcal{A}$ to the customer. @@ -736,7 +736,7 @@ with signature $\widetilde{C} := S_K(\FDH_K(C_p))$ Let $X_j$ be the exchange which signed $\widetilde{C}$ with $K$. The customer generates a \emph{deposit-permission} $\mathcal{D} := S_c(\widetilde{C}, m, f, H(a), H(p,r), M_p)$ - and sends $\langle \mathcal{D}, X_j\rangle$ to the merchant. + and sends $\langle \mathcal{D}, X_j\rangle$ to the merchant. \item[POST {\tt/deposit}] The merchant gives $(\mathcal{D}, p, r)$ to the exchange, thereby revealing $p$ only to the exchange. @@ -751,7 +751,7 @@ with signature $\widetilde{C} := S_K(\FDH_K(C_p))$ \item[200 OK / 424 FAILED DEPENDENCY] The merchant commits and forwards the notification from the exchange to the customer, confirming the success (``200 OK'') or failure (``424 FAILED DEPENDENCY'') - of the operation. + of the operation. \end{description} We have simplified the exposition by assuming that one coin suffices,