This is a quote from the book "B-Money" by Wei Dai
...ership databases. Eachparticipant should verify that his own account balances are correct andthat the sum of the account balances is not greater than the total amountof money created. This preve
nts the servers, even in total collusion, frompermanently and costlessly expanding the money supply. New servers canalso use the published databases to synchronize with existing servers.
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br /> The protocol proposed in this article allows untraceable pseudonymousentities to cooperate with each other more efficiently, by providing themwith a medium of exchange and a method of enfo...