摘要 |
This application described methods and means to construct a viable trading ecosystem for digital currency, gradually rising to local, and global prominence as the modern way to represent money. The application regards various media options to express the digital bit sequence which reflects the monetary value and the identity of the digital coin, including hard copies, and electronic variety. It Describes the ways to fuse a digital coin with any well defined terms of payments, and how to manage such coins as they are forwarded for redemption. The application describes various security means to insure the integrity of the digital mint. It also describes how to construct a hierarchy of authentication nodes such that each node has sufficient information to authenticate a digital coin, but not sufficient information to defraud a higher-up node. The application also describes how to inter-relate any number of independent digital mints so as to mutually honor each others' coins and thereby appear to the trader as a single mint.
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