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authortg(x) <*@tg-x.net>2017-01-19 16:10:35 +0100
committertg(x) <*@tg-x.net>2017-01-19 16:10:35 +0100
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-<html lang="{{ _('en') }}"><head>
- <meta charset="utf-8">
- <title>{{ _("GNU Taler") }} - {{ _("Investors") }}</title>
- <meta name="description" content="">
- <!--# include file="common/header.inc" -->
- </head>
- <body class="en" onload="loadLang();">
- <div class="container">
- <!--# include file="common/navigation.inc" -->
- <!-- Jumbotron -->
- <div class="jumbotron">
- <h1>{{ _("Operate a Taler exchange!") }}</h1>
- </div>
- <div class="row">
- <div class="col-lg-4">
- <h2>{{ _("Efficient") }}</h2>
-
- <p>{{ _("Taler uses efficient cryptographic primitives (such as RSA 2048 and
- EdDSA) and is thus expected to be able to handle large transaction
- volumes, only limited by the input/output capabilities of the
- database. Thus, running a Taler exchange should be profitable even
- with very low (less than 1 cent) transaction fees (at appropriate
- transaction volume).") }}</p>
- </div>
- <div class="col-lg-4">
- <h2>{{ _("Secure") }}</h2>
-
- <p>{{ _("All transactions in Taler are secured using modern cryptography and
- trust in all parties is minimized. Financial damage is bounded
- (for customers, merchants and the exchange) even
- in the case that systems are compromised and private keys are stolen.
- Databases can be audited for consistency, resulting in either the
- detection of compromised systems or the demonstration that
- participants were honest.") }}</p>
- </div>
- <div class="col-lg-4">
- <h2>{{ _("Business model") }}</h2>
-
- <p>{{ _("The basic business model for Taler is the operation of an exchange. An exchange converts money from traditional payment systems (Mastercard,
- SEPA, Visa, BitCoin, ACH, SWIFT, etc.) to anonymous electronic
- coins in the same currency. The customer can then redeem the electronic
- coins at a merchant, who can exchange them for money represented using
- traditional payment systems at the exchange. The exchange can then charge
- fees (to the customer, merchant or both) to facilitate the transactions.") }}</p>
- </div>
- </div>
- <div class="col-lg-12">
- <h2 id="overview">{{ _("Taler as seen by the exchange operator") }}</h2>
-
- <p>{{ _("The exchange operator primarily operates a Web service
- portal and keeps databases with transaction details and
- cryptographic proofs. Its operational expenses are thus related to
- its interactions with the banking system and the operation of
- the computing infrastructure, while its income is based on
- transaction fees it may charge for the various interactions.
- Key interactions of the exchange include:
- ") }}</p>
-
- <p>
- <img src="images/exchange.svg" alt="operator perspective" style="float: right; margin: 50px 5px 5px 5px;" width="50%">
- </p><ul>
- <li>{{ _("Create a <b>reserve</b> based on an incoming
- wire transfer from a customer.") }}</li>
-
- <li>{{ _("Allow customers to withdraw (and refresh)
- digital coins from their reserve.") }}</li>
-
- <li>{{ _("Accept and validate deposits from merchants.") }}</li>
-
- <li>{{ _("Execute wire transfers to merchants in
- response to validated deposits.") }}</li>
-
- <li>{{ _("Preserve and provide cryptographic proofs of
- correct operation for audits by financial regulators.") }}</li>
- </ul>
- <p></p>
- </div>
- <!--# include file="common/footer.inc" -->
- </div> <!-- /container -->
- </body>
-</html>