Bit Currency: Transactional Trust Tools

A method for providing payment at a node of peer-to-peer communications network for using a digital coin that can be split into two or more digital coins, comprising:

• receiving a first digital coin attached to a digitized message or good using a computer of a node of a peer-to-peer communications network, wherein the first digital coin comprises a first binary bit string that includes one or more bits, wherein a number of bits in the first binary bit string is used to represent a coin value of the first digital coin, and wherein bit values of bits of the first binary bit string are used to determine an identity of the first digital coin;
• splitting the first digital coin into at least a second digital coin and a third digital coin using the computer of the node, wherein the first digital coin is split by dividing the first binary bit string into a second binary bit string and a third binary bit string without disturbing the bit order of the first binary bit string;
• attaching the second digital coin to the digitized message or good using the computer of the node;
• and
• storing the third digital coin on the node as payment using the computer of the node.