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Numerous electronic cash schemes have been proposed over the years - however none have been embraced by financial institutions as an alternative to fiat currency. David Chaum's ecash scheme was the closest to something that mimicked a…

Cryptography and Security · Computer Science 2021-05-11 Hitesh Tewari

Decentralized, offline, and privacy-preserving e-cash could fulfil the need for both scalable and byzantine fault-resistant payment systems. Existing offline anonymous e-cash schemes are unsuitable for distributed environments due to a…

Cryptography and Security · Computer Science 2023-03-16 Alfredo Rial , Ania M. Piotrowska

Electronic cash (e-cash) is a digital alternative to physical currency that allows anonymous transactions between users and merchants. Typically, coins in an e-cash scheme are only dispensed through a central bank. A drawback of this…

Cryptography and Security · Computer Science 2026-04-14 Anrin Chakraborti , Qingzhao Zhang , Jingjia Peng , Morley Mao , Michael K. Reiter

In recent years, electronic retail payment mechanisms, especially e-commerce and card payments at the point of sale, have increasingly replaced cash in many developed countries. As a result, societies are losing a critical public retail…

Computers and Society · Computer Science 2021-05-28 Geoffrey Goodell , Hazem Danny Al-Nakib , Paolo Tasca

The digital currency Bitcoin has had remarkable growth since it was first proposed in 2008. Its distributed nature allows currency transactions without a central authority by using cryptographic methods and a data structure called the…

Quantum Physics · Physics 2020-09-28 Jonathan Jogenfors

By comparing cryptocurrencies with other existing payment methods, including banknotes and bank cards, it is clear that the use of Bitcoin and its competitors (Ethereum, \dots) is almost insignificant in world trade. We may also note that…

Cryptography and Security · Computer Science 2018-06-18 Amadou Moctar Kane

A digital currency is money in a digital form. In this model, maintaining integrity of the supply is a core concern, therefore protections against double-spending are often at the heart of a secure digital money scheme. Quantum money…

Quantum Physics · Physics 2024-08-09 Anne Broadbent , Raza Ali Kazmi , Cyrus Minwalla

We propose a scheme to preserve the anonymity of users in proof-of-asset transactions. We assume bitcoin-like cryptocurrency systems in which a user must prove the strength of its assets (i.e., solvency), prior conducting further…

Cryptography and Security · Computer Science 2020-10-27 Neetu Sharma , Rajeev Anand Sahu , Vishal Saraswat , Joaquin Garcia-Alfaro

Bitcoin brings a new type of digital currency that does not rely on a central system to maintain transactions. By benefiting from the concept of decentralized ledger, users who do not know or trust each other can still conduct transactions…

Cryptography and Security · Computer Science 2019-09-17 Zhimin Gao , Lei Xu , Keshav Kasichainula , Lin Chen , Bogdan Carbunar , Weidong Shi

This comprehensive survey deliberated over the security of electronic payment systems. In our research, we focused on either dominant systems or new attempts and innovations to improve the level of security of the electronic payment…

Cryptography and Security · Computer Science 2017-01-18 Siamak Solat

We study the problem of preventing double spending in electronic payment schemes in a distributed fashion. This problem occurs, for instance, when the spending of electronic coins needs to be controlled by a large collection of nodes (eg.…

Cryptography and Security · Computer Science 2008-02-07 Jaap-Henk Hoepman

The no-cloning theorem can be used as a basis for quantum money constructions which guarantee unconditionally unforgeable currency. Existing schemes, however, either (i) require long-term quantum memory and quantum communication between the…

Quantum Physics · Physics 2025-10-22 Dmytro Gavinsky , Dar Gilboa , Siddhartha Jain , Dmitri Maslov , Jarrod R. McClean

A decentralized online quantum cash system, called qBitcoin, is given. We design the system which has great benefits of quantization in the following sense. Firstly, quantum teleportation technology is used for coin transaction, which…

General Finance · Quantitative Finance 2020-09-22 Kazuki Ikeda

Forty years ago, Wiesner pointed out that quantum mechanics raises the striking possibility of money that cannot be counterfeited according to the laws of physics. We propose the first quantum money scheme that is (1) public-key, meaning…

Quantum Physics · Physics 2012-09-18 Scott Aaronson , Paul Christiano

Programmable blockchains have long been a hot research topic given their tremendous use in decentralized applications. Smart contracts, using blockchains as their underlying technology, inherit the desired properties such as verifiability,…

Cryptography and Security · Computer Science 2025-08-19 Zhaorun Lin

Digital currencies primarily operate online, but there is growing interest in enabling offline transactions to improve digital inclusion. Existing offline methods struggle with double-spending risks, often limiting transaction amounts. In…

Quantum Physics · Physics 2025-02-26 Yichi Zhang , Siyuan Jin , Yuhan Huang , Qiming Shao

Trusted timestamping is a process for proving that certain information existed at a given point in time. This paper presents a trusted timestamping concept and its implementation in form of a web-based service that uses the decentralized…

Cryptography and Security · Computer Science 2021-06-11 Bela Gipp , Norman Meuschke , André Gernandt

Since the initial launch of Bitcoin by Satoshi Nakamoto in 2009, decentralized digital currencies have long been of major interest in both the academia and the industry. Till today, there are more than 3000 different cryptocurrencies over…

Cryptography and Security · Computer Science 2020-10-06 Xinyuan Zhang

Bitcoin is the world's first decentralized digital currency. Its main technical innovation is the use of a blockchain and hash-based proof of work to synchronize transactions and prevent double-spending the currency. While the qualitative…

Cryptography and Security · Computer Science 2014-02-12 Meni Rosenfeld

One decade ago, Bitcoin was introduced, becoming the first cryptocurrency and establishing the concept of "blockchain" as a distributed ledger. As of today, there are many different implementations of cryptocurrencies working over a…

Neural and Evolutionary Computing · Computer Science 2019-07-26 Alejandro Baldominos , Yago Saez
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