Opencoin is a project about digital cash that develops a protocol to use the original idea of electronic cash in daily life. The project also develops a system consisting of minting software, wallet software, and everything that is necessary to have a system for anonymous electronic transactions. Opencoin defines standards and provides an implementation around the blind-signature system as invented by David Chaum, known as Electronic Cash or Digicash. The software and specs are open-source under a GPL License. In 2008, Opencoin created a first draft of the protocol, which was reviewed by its crypto professionals, and no obvious flaws were found.
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