"The Royal Canadian Mint has announced it will release a completely digital currency called MintChip. MintChip will be stored on physical chips and will be able to hand both big purchases and nano-transactions – purchases less than $1."
Reliability and Integrity / Security: The developers stated that the chip was unhackable, but there have been reports that it has been compromised by an electron microscope, needles, and acid. If you drop the chip then you lose the money stored in it. What preventative measures can stop someone else taking it?
Read more: http://techland.time.com/2012/04/10/canadian-government-considers-completely-digital-currency/?iid=tl-article-mostpop1#ixzz1rpiqKgCp
Reliability and Integrity / Security: The developers stated that the chip was unhackable, but there have been reports that it has been compromised by an electron microscope, needles, and acid. If you drop the chip then you lose the money stored in it. What preventative measures can stop someone else taking it?
Read more: http://techland.time.com/2012/04/10/canadian-government-considers-completely-digital-currency/?iid=tl-article-mostpop1#ixzz1rpiqKgCp
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