Electronic Cash Security and Privacy电子现金安全与隐私.pptVIP

Electronic Cash Bahman Radjabalipour Ositadimma Maxwell Ejelike School of Computer Science University of Windsor April 2006 Contents Introduction “What is money?” Research on electronic payment model“ A new electronic cash model” “PayCash: a secure efficient Internet payment system.” Conclusion Paper 1 WHAT IS MONEY? Ray Byler, Ph.D. Assistant Professor of Computer Science Lyon College Batesville, Arkansas 72501 Introduction Most of the money that exists today doesnt exist as greenbacks, but as 1s and 0s in some computer. Any monetary system, digital or otherwise, must be based on trust. Reliability of that system The belief that others will accept the system Areas of Concern Convertibility and Flexibility connection to other monetary schemes Converting electronic dollars to electronic coins Privacy Will government be able to track everything that users earn and spend governments determine banking rules and regulations Acceptability Cost Background Terms Public-key Encryption Diffie-Helman encryption Messages encrypted with the public key can only be decrypted with the private key and vice-versa RSA Encryption Crated by Rivest, Shamir, and Adleman less communications overhead less secure Digital Certificates For verifying a public key Minting Digital MoneyImportant Digital Money Schemes Ecash Internet Keyed Payments Protocol (iKP) Micro Payment Transfer Protocol (MPTP) CyberCash NetCheque NetCash. Ecash Creation of Dr. David Chaum Diffie-Hellman public-private key Proprietary rather than an open system Did not have a payment limit to limit customer loss Ecash had been used by Mark Twain Bank Ecash: Minting Process Ecash coin begins life as a 100-digit random number chosen by a user software package The user transmits this number to the bank/mint along with the denomination requested. The bank/mint verifies that the number is not already in use, Validates the number by encoding the number with the private key Debits the users account Transmits the