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Efficient Anonymous Cash Using the Hash Chain

Sangjin KIM, Heekuck OH

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Summary :

An efficient anonymous cash system based on the hash chain is presented. The new system is debit-based and vendor-independent. It also provides tracing mechanisms to reinforce controls on illegal use. The efficiency of the system results from its capacity to pay variable amounts with no additional cost. A client always makes a single blind signature, independent of the length of the chain. During payment, the client makes a single challenge-and-response or one signature, independent of the amount paid.

Publication
IEICE TRANSACTIONS on Communications Vol.E86-B No.3 pp.1140-1143
Publication Date
2003/03/01
Publicized
Online ISSN
DOI
Type of Manuscript
LETTER
Category
Fundamental Theories

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