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{% extends "common/base.j2" %}
{% block body_content %}
<div class="container">
<h2>How is Taler related to Bitcoin or Blockchains?</h2>
<p>
Taler does not use any Blockchain technology or Bitcoin directly.  Taler is not
based on proof-of-work or any other distributed consensus mechanism.  Instead
Taler is based on blind signatures.</p>

<p>It would be possible, however, withdraw Bitcoins into a Taler wallet (with an approproate exchange),
which would give some benefits ofer plain Bitcoin, such as instant confirmation times.</p>

<h2>Where is the balance in my wallet stored?</h2>
<p>Your wallet stores tokens that are blindly signed by an exchange.
Until your spend balance with a merchant, the exchange holds it in escrow.</p>

<h2>What if my wallet gets lost?</h2>
<p>Since the digital tokens of value in your wallet are anonymized,
the exchange can not assist you in restoring a lost or stolen wallet.  Just
like with a physical wallet for cash, you are responsible for keeping it safe.</p>

<p>The risk of losing a wallet can be mitigated by backups or keeping the balance reasonably low.</p>

<p>In case of a compromise of one of your devices, an attacker that spends coins on your behalf will
make it possible for you to know that you've been compromised, which can be an advantage.</p>
</div>
{% endblock body_content %}