NetCash: A Design for Practical Electronic Currency on the Internet

NetCash is a framework that supports realtime electronic payments with provision of anonymity over an unsecure network. It is designed to enable new types of services on the Internet which have not been practical to date because of the absence of a secure, scalable, potentiallyanonymous payment method. NetCash strikes a balance between unconditionally anonymous electronic currency, and signed instruments analogous to checks that are more scalable but identify the principals in a transaction. It does this by providing the framework within which proposedelectronic currency protocols can be integrated with the scalable, but non-anonymous, electronic banking infrastructure that has been proposed for routine transactions.

• Type: Conference
• Year: 1993
• Where: CCS
• Authors: Gennady Medvinsky, B. Clifford Neuman
• Keywords: Anonymous Electronic Currency, CCS 1993, Electronic Payments, Potentiallyanonymous Payment Method, Security Privacy