June 14, 2020
Double-entry plaintext accounting
Both the contract and auth now implement double-entry
plain-text-accounting (PTA) to track the movement of value each
knows about.
Accounting is tracking the flow of valuable commodities, such as money. It clarifies activity and obligations. Double-entry bookkeeping is a process for keeping accounting records reliably. For every movement of value (a transaction), both the source and destination are recorded. Simple arithmetic invariants help prevent errors.