summaryrefslogtreecommitdiff
path: root/index.html
diff options
context:
space:
mode:
authorChristian Grothoff <christian@grothoff.org>2015-08-03 18:34:46 +0200
committerChristian Grothoff <christian@grothoff.org>2015-08-03 18:34:46 +0200
commit653daabfe99e360cc529f92bc76c4ba6baa7e22a (patch)
tree539e69cb83af5f4527d130c40f567cf1176b6a41 /index.html
parente4b5e1aab625e4f743eb9f04c13257f532769ee5 (diff)
downloadwww-653daabfe99e360cc529f92bc76c4ba6baa7e22a.tar.gz
www-653daabfe99e360cc529f92bc76c4ba6baa7e22a.tar.bz2
www-653daabfe99e360cc529f92bc76c4ba6baa7e22a.zip
formatting
Former-commit-id: c53d9f8dc0e351bec40e1358d4fddac4fe2b6e92
Diffstat (limited to 'index.html')
-rw-r--r--index.html26
1 files changed, 12 insertions, 14 deletions
diff --git a/index.html b/index.html
index 750ba849..89095c09 100644
--- a/index.html
+++ b/index.html
@@ -195,25 +195,22 @@
<p><a lang="it" class="btn btn-primary" href="/news" role="button" lang="it">Scopri di piĆ¹ &raquo;</a></p>
</div>
</div>
- <div class="jumbotron">
+ <div class="jumbotron" align="left">
<h2 lang="en">Taler system overview</h1>
<h2 lang="de">Das Taler-System im &Uuml;berblick</h1>
<h2 lang="fr" note="outdated"></h2>
<h2 lang="it" note="outdated"></h2>
- <p lang="en" align="center">
- <img src="images/system.svg" alt="system overview">
- </p>
<p lang="en">The Taler system consists of protocols and free software
implementations between a number of actors as illustrated in the
illustration above. Typical transactions involve the following steps:
- </p>
- <ul>
- <li lang="en">A customer instructs his <b>bank</b> to transfer funds
+ <img src="images/system.svg" alt="system overview" style="float: right; margin: 5px 5px 5px 5px;" width="50%">
+ <ol>
+ <li lang="en">A customer instructs his <b>bank</b> to transfer funds
from his account to the Taler mint (top left). In the subject of
the transaction, he includes an authentication token from his
electronic <b>wallet</b>. In Taler terminology, the customer
creates a reserve at the mint.</li>
- <li lang="en">Once the mint has received the transfer, it allows the
+ <li lang="en">Once the mint has received the transfer, it allows the
customer's electronic wallet to <b>withdraw</b> electronic coins.
The electronic coins are digital representations of the original
transfer. It is important to note that the mint does not learn
@@ -222,7 +219,7 @@
The use of Taler does not change the currency or the
total value of the funds (except for fees which the mint may
charge for the service).</li>
- <li lang="en">Once the customer has the digital coins in his wallet,
+ <li lang="en">Once the customer has the digital coins in his wallet,
the wallet can be used to <b>spend</b> the coins with merchant
portals that support the Taler
payment system and accept the respective mint as a business
@@ -236,7 +233,7 @@
customer. Naturally, the customer can spend any fraction of his
digital coins (the system takes care of customers getting
change).</li>
- <li lang="en">Merchants receiving digital coins <b>deposits</b>
+ <li lang="en">Merchants receiving digital coins <b>deposits</b>
the respective receipts that resulted from the contract signing
with the customer at the mint to redeem the coins.
The deposit step does not reveal the learn the details of the
@@ -249,27 +246,28 @@
customer. Thus, the mint's database allows the state to enforce
that merchants pay applicable taxes (and do not engage in
illegal contracts).</li>
- <li lang="en">Finally, the mint transfers funds corresponding to
+ <li lang="en">Finally, the mint transfers funds corresponding to
the digital coins redeemed by the merchants to the merchant's
<b>bank</b> account. The mint may combine multiple small
transactions into one larger bank transfer.
The merchant can query the mint
about the relationship between the bank transfers and the
individual claims that were deposited.</li>
- <li lang="en">Most importantly, the mint keeps cryptographic
+ <li lang="en">Most importantly, the mint keeps cryptographic
proofs that allow it to demonstrate that it is operating
correctly to third parties. The system requires an external
<b>auditor</b>, such as a government-appointed financial regulatory
body, to frequently verify the mint's databases and check that
its bank balance matches the total value of the remaining coins
in circulation.</li>
- <li lang="en">Without the auditor, the mint operators could
+ <li lang="en">Without the auditor, the mint operators could
steal funds they are holding in reserve. Customers and merchants
cannot cheat each other or the mint. If any party's computers
are compromised, the financial damage is limited to the
respective party and proportional to the funds they
have in circulation during the period of the compromise.</li>
- </ul>
+ </ol>
+ </p>
</div>
<!--# include file="common/footer.inc" -->
</div> <!-- /container -->