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author | Christian Grothoff <christian@grothoff.org> | 2015-08-03 18:34:46 +0200 |
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committer | Christian Grothoff <christian@grothoff.org> | 2015-08-03 18:34:46 +0200 |
commit | 653daabfe99e360cc529f92bc76c4ba6baa7e22a (patch) | |
tree | 539e69cb83af5f4527d130c40f567cf1176b6a41 /index.html | |
parent | e4b5e1aab625e4f743eb9f04c13257f532769ee5 (diff) | |
download | www-653daabfe99e360cc529f92bc76c4ba6baa7e22a.tar.gz www-653daabfe99e360cc529f92bc76c4ba6baa7e22a.tar.bz2 www-653daabfe99e360cc529f92bc76c4ba6baa7e22a.zip |
formatting
Former-commit-id: c53d9f8dc0e351bec40e1358d4fddac4fe2b6e92
Diffstat (limited to 'index.html')
-rw-r--r-- | index.html | 26 |
1 files changed, 12 insertions, 14 deletions
@@ -195,25 +195,22 @@ <p><a lang="it" class="btn btn-primary" href="/news" role="button" lang="it">Scopri di piĆ¹ »</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 Überblick</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h2 lang="fr" note="outdated"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h2 lang="it" note="outdated"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 --> |