System and method for distributed money supply

摘要

The present invention provides in at least one embodiment, a payment system with a method for distributed money supply. The system is implemented in a web environment where users interact with each other and a central authority with data processing devices through a network. Mediums of exchange in the system are public and private currency units. Public currency units are created by the operator of the system—a central authority while private currency units are created on the initiative of the users where each user is entitled to request the creation of his own currency. Currencies and currency units are managed by a server coupled to a database. The database stores data for every user and every currency. Currency data is stored in separated pieces of memory in the database—accounts. The server operates the currency issuance, transaction and redemption through the management of the currency accounts in the database on request of the users.

主权项

1. A payment system for performance of distributed money supply, implemented in a web environment with a plurality of users, the system comprising:
1) a multitude of data processing devices capable of sending and receiving data over the network and visualizing an interface for interacting with other users and a central authority; 2) a least one device—a server, capable of sending, receiving and handling data over the network, coupled to a database and able to store and manipulate data in the database,where the database is used for storing: user data, including credentials and identity of the users of the system; data for currency in the system, where the currency is created on the initiative of the users upon interaction with the server; the currency being created as accounts where each account has three parameters:
1. a parameter referring to the owner the currency, indicating which user owns the currency units in the said account; 2. a parameter referring to the issuer of the currency, indicating the user upon whose initiative the currency units have been created; 3. a parameter referring to the value of the account, indicating how much currency units are stored in the account; where value transactions in the system are executed by the server through the alteration of the value parameters in existing accounts in the database.