Computer-implemented systems and methods for digital currency transaction guarantors and double spending protection are described herein. A verified observer may be defined for a given transaction depending on certain criteria required by the verified observer such that any liability incurred for failure of the given transaction or an abuse of a system in the given transaction is the sole responsibility of the verified observer. When a coin is deposited to a digital currency storage device, a gadget may be bound to the coin by a verified authority or the digital currency storage device such that when the coin is used in a transaction the gadget generates an output to prevent double spending of the coin.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Drewry, William, "Digital Currency Policy and Accountability Technical Framework", Technical Disclosure Commons, (August 18, 2022)