Coin.Clinic’s mission is to educate people interested in cryptoeconomics and digital cash, also known as crypto currencies. Coin.Clinic was established in March 2017 by Michael Reuter, entrepreneur and co-founder of renowned Blockchain Solutions Provider Datarella.
Education and information – no advertising, no investment advice
CoinClinic is not one of the typical crypto currency marketing websites. You won’t find advertising or investment advice here. Coin:Clinic’s goal is to support you, the reader, understanding the world of digital cash. Coin.Clinic publisher Michael Reuter owns and trades crypto currencies but he or his editors will not provide you with any investment advice. Coin.Clinic seeks to educate readers in the field of digital cash.
What are Crypto Currencies?
Digital Cash or Crypto Currencies consist of token protocols using a combination of blind digital signatures and pseudonym authentication with at least two pairs of public and private keys. DIgital Cash or Crypto Currencies consist of token protocols using a combination of blind digital signatures and pseudonym authentication with at least two pairs of public and private keys. A user is provided with one master pair of private and public keys and as many pseudonym pairs of private and public keys as desired.
What are the benefits of Crypto Currencies?
The resulting digital cash token based hybrid protocols combine the advantages of blind digital signature and pseudonym authentication. Blind digital signatures based on the master pair of keys are used to withdraw digital cash from the user’s bank account under the user’s real identity. A pseudonym pair of keys is used for converting digital cash into digital cash tokens by a digital cash issuer. All pseudonyms can be used for spending the digital cash tokens. These protocols ensure anonymity when withdrawing digital cash from the user’s account under the user’s real identity in addition to providing pseudonym authentication when spending digital cash tokens under a pseudonym.
Crypto Currencies 101
Before you dig deeper into the concept of digital cash or crypto currencies, spend 4 minutes and watch this explainer by David L. Yermack, Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business.