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authorChristian Grothoff <christian@grothoff.org>2014-11-18 15:33:21 +0100
committerChristian Grothoff <christian@grothoff.org>2014-11-18 15:33:21 +0100
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<div class="row">
<div class="col-lg-4">
<h2>Efficient</h2>
- <p>.</p>
+ <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 mint 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>.</p>
+ <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 mint) 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>.</p>
+ <p>The basic business model for Taler is the operation of a mint. A
+ mint 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 mint. The mint can then charge
+ fees (to the customer, merchant or both) to facilitate the transactions.</p>
</div>
</div>
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