A platform for privately defined currencies, loyalty credits, and play money
We use techniques from financial cryptography to define new electronic currencies that are suitable for many applications. We use a platform approach to allow a single, world-wide infrastructure to support a practically unlimited number of new currencies. The platform permits new currencies to be defined with little effort, and allows an individual to effectively manage and use perhaps a few dozen of those currencies that he finds personally useful. We describe the structures and mechanisms of the platform, various applications, and the risks associated with its use.
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