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Diffstat (limited to 'doc/paper/taler.tex')
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diff --git a/doc/paper/taler.tex b/doc/paper/taler.tex index ec0c81981..07760aa11 100644 --- a/doc/paper/taler.tex +++ b/doc/paper/taler.tex @@ -72,7 +72,7 @@ \maketitle \begin{abstract} -This paper introduces Taler, a Chaum-style digital currency that +This paper introduces {\em Taler}, a Chaum-style digital currency that enables anonymous payments while ensuring that entities that receive payments are auditable and thus taxable. In Taler, customers can never defraud anyone, merchants can only fail to deliver the @@ -81,12 +81,13 @@ fully audited. All parties receive cryptographic evidence for all transactions; still, each party only receives the minimum information required to execute transactions. Enforcement of honest behavior is timely, and is at least as strict as with legacy credit card payment -systems that do not provide for privacy. Taler allows fractional -payments while maintaining unlinkability of transactions. We argue -that Taler provides a secure digital currency for modern liberal -societies as it is a flexible, libre and efficient protocol and -adequately balances the state's need for monetary control with the -citizen's needs for private economic activity. +systems that do not provide for privacy. Taler unique {\em refresh +protocol} allows fractional payments and refunds while maintaining +anonymity of the customer and unlinkability of transactions. +We argue that Taler provides a secure digital currency for modern +liberal societies as it is a flexible, libre and efficient protocol +and adequately balances the state's need for monetary control with +the citizen's needs for private economic activity. \end{abstract} \section{Introduction} |