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Decentralized Anonymous Micropayments [chapter]

Alessandro Chiesa, Matthew Green, Jingcheng Liu, Peihan Miao, Ian Miers, Pratyush Mishra
2017 Lecture Notes in Computer Science  
We formulate and construct decentralized anonymous micropayment (DAM) schemes, which enable parties with access to a ledger to conduct offline probabilistic payments with one another, directly and privately  ...  The widespread adoption of decentralized currencies such as Bitcoin (2009) suggests that decentralized micropayment schemes are easier to deploy.  ...  Decentralized anonymous micropayments We formulate the notion of a decentralized anonymous micropayment (DAM) scheme.  ... 
doi:10.1007/978-3-319-56614-6_21 fatcat:yplgiwomajfhjl5zqvttmx34ou

Perspectives on financial cryptography [chapter]

Ronald L. Rivest
1997 Lecture Notes in Computer Science  
Everyone will "make money" u P3: Electronic cash systems will enable anyone with a PC to be a "mint" for his own brand of currency. u World is becoming more decentralized, more distributed, more "democratic  ...  true; while cryptographic approaches to anonymity get more affordable with Moore's Law, anonymity is just not a driver anymore… (2006) Anonymity to be bought and sold u P9: Anonymity will be a value-added  ...  , interstellar payments…) (1997) Conclusions u 1997 was an "optimistic" year, with too much emphasis on anonymity!  ... 
doi:10.1007/3-540-63594-7_74 fatcat:xrysbfpycve33dueyoqplcktdi

The Architecture of Coupon-Based, Semi-off-Line, Anonymous Micropayment System for Internet of Things [chapter]

Daniel Wilusz, Jarogniew Rykowski
2013 IFIP Advances in Information and Communication Technology  
To deal with this problem, we propose a novel architecture of coupon-based, semi-off-line, anonymous micropayment system to enable transactions in the scope of Internet of Things.  ...  User anonymity and security is assured by the usage of standard cryptographic techniques together with novel architectural design of the payment processes.  ...  The decentralized micropayment systems such as Bitcoin [9] are becoming more popular.  ... 
doi:10.1007/978-3-642-37291-9_14 fatcat:sq2wff5x2nbrpnjjuvztvycc7q

Blindly Signed Contracts: Anonymous On-Blockchain and Off-Blockchain Bitcoin Transactions [chapter]

Ethan Heilman, Foteini Baldimtsi, Sharon Goldberg
2016 Lecture Notes in Computer Science  
We present solutions to the anonymity problem for both transactions on Bitcoin's blockchain and off the blockchain (in so called micropayment channel networks).  ...  Although Bitcoin is often perceived to be an anonymous currency, research has shown that a user's Bitcoin transactions can be linked to compromise the user's anonymity.  ...  We thank Dimitris Papadopoulos, Ann Ming Samborski and the anonymous reviewers for comments on this draft. This work was funded by the National Science Foundation under grants 1012910 and 1350733.  ... 
doi:10.1007/978-3-662-53357-4_4 fatcat:rl77qre3ebcu5m2w4nsoqhfdz4

The Nuts and Bolts of Micropayments: A Survey [article]

Syed Taha Ali, Dylan Clarke, Patrick McCorry
2017 arXiv   pre-print
We hope this effort will motivate and guide the development of micropayments systems.  ...  In this paper, we undertake a comprehensive survey of key trends and innovations in the development of research-based and commercial micropayment systems.  ...  III-IV, very few micropayments systems offer the user anonymity from both merchant and broker.  ... 
arXiv:1710.02964v1 fatcat:q7dsgiqzhjgi3kvz3jlmufby6i

Incentive Mechanisms in P2P Networks: Micropayment Systems

Franklin Leonel Sánchez, Andrés Fernando Cela
2013 Revista Politécnica (Quito. En línea)  
In this paper, we present a review of several micropayment systems proposed to date and we analyze them based on four key criteria: scalability, transferability, security and anonymity.  ...  Several micropayment systems have been proposed for this purpose, and in general they look to take advantage of the P2P networks to maximize their efficiency.  ...  The proposal made by Huang and Zhao [9] defines a fully decentralized scheme where no broker is present.  ... 
doaj:5b5e488cbb9b4868ba7d4a588e593c1d fatcat:rfep4rs66bf53mig7k5aebh2rq

Scaling Up Anonymous Communication with Efficient Nanopayment Channels

Thien-Nam Dinh, Florentin Rochet, Olivier Pereira, Dan S. Wallach
2020 Proceedings on Privacy Enhancing Technologies  
To this end, we present moneTor: incentivizing nodes to join and support Tor by giving them anonymous payments from Tor users.  ...  AbstractTor, the most widely used and well-studied traffic anonymization network in the world, suffers from limitations in its network diversity and performance.  ...  Acknowledgments We would like to thanks the anonymous reviewers for their helpful guidance on the socio-economical questions raised by our work and for the profoundly positive impact which their thorough  ... 
doi:10.2478/popets-2020-0048 fatcat:ibhg4fdw5zfczieqarecbt47xe

Feeless Micropayments as Drivers for New Business Models: Two Exemplary Application Cases

Marvin Klein, Christian Stummer
2021 Frontiers in Blockchain  
Upcoming cryptocurrency approaches claim to enable feeless micropayments.  ...  The first case considers subscription models in consumer markets for which feeless micropayments might be used to expand and, thus, enrich the range of plans by offering shorter subscription times.  ...  on a decentralized data marketplace (Fernandez et al., 2020) .  ... 
doi:10.3389/fbloc.2021.641508 fatcat:sdyrw4gv55gwpe4ct4goysmjfe

Lottery-based Pricing Scheme for Peer to Peer Networks

Manaf Zghaibeh, Fotios Harmantzis
2006 2006 IEEE International Conference on Communications  
The scheme is an extension of the traditional micropayment mechanism.  ...  CONCLUSION We have introduced a decentralized lottery-based pricing mechanism as an extension to the PPay micropayment scheme.  ...  The users of the system or the peers are anonymous entities sharing their resources or distributed resources to benefit from each other within a scalable, stable and reliable environment.  ... 
doi:10.1109/icc.2006.254822 dblp:conf/icc/ZghaibehH06 fatcat:no4b2kwpkfdgropma5o54bqytu

Decentralized Blockchain Technology and the Rise of Lex Cryptographia

Aaron Wright, Primavera De Filippi
2015 Social Science Research Network  
Just as decentralization communication systems lead to the creation of the Internet, today a new technology-the blockchain-has the potential to decentralize the way we store data and manage information  ...  Blockchain technology enables the creation of decentralized currencies, self-executing digital contracts (smart contracts) and intelligent assets that can be controlled over the Internet (smart property  ...  of anonymous individuals, or even other decentralized autonomous organizations.  ... 
doi:10.2139/ssrn.2580664 fatcat:zaydenhxjffs3biy7lnjmiqxma

A Lottery-based pricing scheme for peer-to-peer networks

Manaf Zghaibeh, Fotios C. Harmantzis
2008 Telecommunications Systems  
The scheme is an extension of the traditional micropayment mechanism.  ...  CONCLUSION We have introduced a decentralized lottery-based pricing mechanism as an extension to the PPay micropayment scheme.  ...  The users of the system or the peers are anonymous entities sharing their resources or distributed resources to benefit from each other within a scalable, stable and reliable environment.  ... 
doi:10.1007/s11235-008-9109-x fatcat:z7nsv7iqbng4haxh2tq5y5ctjq

Blockchain: Data Malls, Coin Economies and Keyless Payments [article]

Zura Kakushadze, Ronald P. Russo Jr
2018 arXiv   pre-print
cryptocurrencies -anonymity of transactions -is gone.  ...  But they can adversely affect small deals requiring micropayments.  ... 
arXiv:1802.07422v3 fatcat:7hsa7e4h5re77gnkcu2ntnahxi

Blockchain: Data Malls, Coin Economies and Keyless Payments

Zura Kakushadze, Ronald P. Russo, Jr.
2018 Social Science Research Network  
cryptocurrencies -anonymity of transactions -is gone.  ...  But they can adversely affect small deals requiring micropayments.  ... 
doi:10.2139/ssrn.3104745 fatcat:oyhxqkuajjdm3ijqo7m5cbokym

A Survey on Privacy Protection of Blockchain: the Technology and Application

Dan Wang, Jindong Zhao, Yingjie Wang
2020 IEEE Access  
INDEX TERMS Blockchain, privacy protection, bitcoin, anonymity, security. 108768 VOLUME 8, 2020  ...  Including Two-Way Micropayment Channel [70] , Lightning Network [71] , Sprites [72] and other chain payment technologies.  ...  [58] designed a decentralized coin mixing protocol Xim that could anonymously discover participants of mixed currency mixed currency using the advertising information in the blockchain.  ... 
doi:10.1109/access.2020.2994294 fatcat:cxbx5qdpgzawzg7yjgt7vgddka

Micropayments for Decentralized Currencies

Rafael Pass, abhi shelat
2015 Proceedings of the 22nd ACM SIGSAC Conference on Computer and Communications Security - CCS '15  
As a result, it becomes infeasible to make micropayments, i.e. payments that are pennies or fractions of a penny.  ...  We put forth a new lottery-based micropayment scheme for any ledgerbased transaction system, that can be used today without any change to the current infrastructure.  ...  Acknowledgements We would like the thank the anonymous reviewers for helpful comments on this draft. We also want to thank Joe Bonneau for helpful discussions and in  ... 
doi:10.1145/2810103.2813713 dblp:conf/ccs/PassS15 fatcat:2vygzyubofbrhiam52djpnda2i
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