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1{% extends "common/base.j2" %} 1{% extends "common/base.j2" %}
2{% block body_content %} 2{% block body_content %}
3<div class="container"> 3<div class="container">
4<h2>How is Taler related to Bitcoin or Blockchains?</h2>
5<p>
6Taler does not use any Blockchain technology or Bitcoin directly. Taler is not
7based on proof-of-work or any other distributed consensus mechanism. Instead
8Taler is based on blind signatures.</p>
9 4
10<p>It would be possible, however, to withdraw Bitcoins into a Taler wallet (with an appropriate exchange), 5<h2>{{ _("How is Taler related to Bitcoin or Blockchains?") }}</h2>
11which would give some benefits over plain Bitcoin, such as instant confirmation times.</p> 6{% trans %}
7<p>Taler does not use any Blockchain technology or Bitcoin directly.
8Taler is not based on proof-of-work or any other distributed consensus
9mechanism. Instead Taler is based on blind signatures.</p>
12 10
13<h2>Where is the balance in my wallet stored?</h2> 11<p>It would be possible, however, to withdraw Bitcoins into a Taler
14<p>Your wallet stores tokens that are blindly signed by an exchange. 12wallet (with an appropriate exchange), which would give some benefits
15Until your spend balance with a merchant, the exchange holds it in escrow.</p> 13over plain Bitcoin, such as instant confirmation times.</p>
16 14
17<h2>What if my wallet gets lost?</h2>
18<p>Since the digital tokens of value in your wallet are anonymized,
19the exchange can not assist you in restoring a lost or stolen wallet. Just
20like with a physical wallet for cash, you are responsible for keeping it safe.</p>
21 15
22<p>The risk of losing a wallet can be mitigated by backups or keeping the balance reasonably low.</p> 16<h2>{{ _("Where is the balance in my wallet stored?") }}</h2>
17<p>Your wallet stores digital coins that were blindly signed by an
18exchange, and thus ultimately your computer holds your balance. The
19exchange keeps funds matching all unspent coins in an escrow bank
20account.</p>
21{% endtrans %}
23 22
24<p>In case of a compromise of one of your devices, an attacker that spends coins on your behalf will
25make it possible for you to know that you've been compromised, which can be an advantage.</p>
26 23
27<h2>Can I send money to my friend with Taler?</h2> 24<h2>{{ _("What if my wallet is lost?") }}</h2>
28<p>You can <em>share</em> coins in your wallet with people you trust, like 25{% trans %}
29family or friends. Whenever these shared coins are spent, the other copies 26<p>Since the digital coins of value in your wallet are anonymized, the
30become invalid. Sharing coins this does not constitute a transaction, is not taxable 27exchange can not assist you in recovering a lost or stolen wallet.
31and requires trust between the sharing parties.</p> 28Just like with a physical wallet for cash, you are responsible for
29keeping it safe.</p>
32 30
33<p>If your friend provides goods or services for you in exchange for a payment, 31<p>The risk of losing a wallet can be mitigated by making backups or
34they can easily set up a Taler merchant and receive the payment on their bank account.</p> 32keeping the balance reasonably low.</p>
35 33
36<h2>How does Taler handle payments in different currencies?</h2> 34<p>In case of a compromise of one of your devices, an attacker that
37<p>Taler wallets can store digital coins corresponding to multiple different 35spends coins on your behalf will allow you to detect that your device
38currencies such as the Euro, US Dollars or even Bitcoins.</p> 36has been compromised.</p>
37{% endtrans %}
38
39
40<h2>{{ _("Can I send money to my friend with Taler?") }}</h2>
41{% trans %}
42<p>If your friend provides goods or services for you in exchange for a
43payment, they can easily set up a Taler merchant and receive the
44payment in their bank account.</p>
45
46<p>Future versions of the Taler wallet may allow exchanging coins
47among friends directly as well.</p>
48{% endtrans %}
49
50
51<h2>{{ _("How does Taler handle payments in different currencies?") }}</h2>
52{% trans %}
53<p>Taler wallets can store digital coins corresponding to multiple
54different currencies such as the Euro, US Dollars or Bitcoins.</p>
55
56<p>Taler currently does not offer conversion between currencies.</p>
57{% endtrans %}
39 58
40<p>Automatic currency conversion is currently not our focus, but could be made
41available in the future, either with exchanges that handle multiple
42currencies, or other means of multi-currency payment routing.</p>
43 59
44</div> 60</div>
45{% endblock body_content %} 61{% endblock body_content %}