Our Blog Posts
On this page you will find selected news, FAQs and a publication list.
For further information please visit the Community News Posts or subscribe to our RSS Feed
Frequently Asked Questions
These are only some FAQs from a larger list you can retrieve by clicking the button "More FAQs".
Taler does not require any Blockchain technology, and is also not based on proof-of-work or any other distributed consensus mechanism. Instead, Taler is based on blind signatures. However, it is theoretically possible to combine Taler with peer-to-peer crypto-currencies like Bitcoin.
It would be possible, however, to withdraw coins denominated in Bitcoin into a Taler wallet (with an appropriate exchange), which would give some benefits over plain Bitcoin, such as instant confirmation times.
Your wallet stores digital cash and thus ultimately your computer holds your balance. The Taler Exchange keeps funds matching all unspent digital cash in a settlement account.
Since Taler's digital cash in your wallet is anonymized, the exchange cannot assist you in recovering a lost or stolen wallet. Just like with a physical wallet for cash, you are responsible for keeping it safe.
Taler supports push and pull payments between wallets (also known as peer-to-peer payments). If your friends provide goods or services for you in exchange for a payment, they can easily set up a Taler merchant and receive the payment in their bank account.
While the payment appears to be directly between wallets, technically the operation is intermediated by the payment service provider which will typically be legally required to identify the recipient of the funds before allowing the transaction to complete.
Taler wallets can store digital coins corresponding to multiple different currencies such as the Euro, US Dollars or Bitcoins.
Taler currently does not offer conversion between currencies.
Your wallet stores digital coins that are blindly signed by an exchange. The use of a blind signature protects your privacy as it prevents the exchange from knowing which coin it signed for which customer.
The Taler protocol allows any exchange to set its own fee structure, allowing operators to set fees for withdrawing, depositing, refreshing or refunding coins. Operators can also charge fees for closing reserves and for (aggregated) wire transfers to merchants. Merchants may choose to cover some of the fees customers incur. Actual transaction costs are estimated around 0.001 cent/transaction (at high transaction rates, amortized over billions of transactions, excluding migration costs). Note that this is an early estimate, details may depend on hosting and backup requirements from the regulator and could thus easily be 10x higher.
Taler's wallet supports multiple currencies, but the system currently does not support conversion between currencies. However, in principle an entity that accepts deposits in one currency and allows withdrawals in another currency could be created. Still, the regulatory hurdles in this case tend to be particularly complex. The focus for Taler is on day-to-day payments, so we have no plans to support currency conversion in the near future.
We believe the European Electronic Money Directive provides part of the regulatory framework a Taler exchange with coins denominated in Euros would have to follow.
Past Events
These are some remarkable events concerning Taler.
November 11, 2022
September 16, 2020
GNU Taler launched at Bern University of Applied Sciences
The GNU Taler payment system was launched at the Bern University of Applied Sciences in the presence of a representative of the Swiss National Bank.
July 7, 2020
Exchange independent security audit report published
Code Blau, Berlin-based independent security auditor, examined the Exchange code of Taler.
Publications
This is an overview of selected publications about Taler.
Decoding Digital Assets: Distinguishing the Dream from the Dystopia in Stablecoins, Tokenized Deposits, and Central Bank Digital Currencies
By Leon Schumacher
Book (2024)
Zero-Knowledge Age Restriction for GNU Taler
By Özgür Kesim, Christian Grothoff, Florian Dold, Martin Schanzenbach
Article (2022)
A digital euro and the future of cash
By Martin Summer and Hannes Hermanky (Oesterreichische Nationalbank AG / National Bank of Austria)
Article (2022)
Come una banca centrale dovrebbe emettere una moneta digitale
By David Chaum, Christian Grothoff, Thomas Moser, translated by Dora Scilipoti, with support by Luca Saiu
Article (2022)
How to issue a Central Bank Digital Currency
By David Chaum, Christian Grothoff, Thomas Moser
Article (2021)
Comment émettre une monnaie numérique de banque centrale
By David Chaum, Christian Grothoff, Thomas Moser, translated by Marie Walrafen and Emmanuel Benoist
Article (2021)
Why a Digital Euro should be Online-first and Bearer-based
By Christian Grothoff and Florian Dold
Article (2021)
Peer-to-Peer Transactions for Privacy-Preserving Mobile Payments using GNU Taler
By J. Florian Kimmest
Bachelor Thesis (2020)
Embedded system for GNU/Taler: Designing an embedded system for cashless payment on a vending machine
By Dominik Wenger
Bachelor Thesis (2020)
The GNU Taler System: Practical and Provably Secure Electronic Payments
By Florian Dold
PhD Thesis (2019)