Hash trees and bank solvency.

Duncan Frissell frissell at panix.com
Sun Jan 28 04:10:21 PST 1996


At 09:33 PM 1/27/96 -0800, James A. Donald wrote:
>A hash tree can provide proof to a banks customers that the bank only
>has the amount outstanding that it claims to have, without the need
>for gunmen to check the totals.

Ask Eric Hughes (one of our founders) to describe his Open Books Protocol
for you.  You're a few years too late.

DCF







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