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            A purely peer-to-peer version of electronic cash would allow online
            payments to be sent directly from one party to another without going through a
            financial institution. Digital signatures provide part of the solution, but the main
            benefits are lost if a trusted third party is still required to prevent double-spending.        
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A purely peer-to-peer version of electronic cash would allow online

payments to be sent directly from one party to another without going through a

financial institution. Digital signatures provide part of the solution, but the main

benefits are lost if a trusted third party is still required to prevent

double-spending.

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