A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is application/pdf
.
Micropayments for Decentralized Currencies
2015
Proceedings of the 22nd ACM SIGSAC Conference on Computer and Communications Security - CCS '15
Electronic financial transactions in the US, even those enabled by Bitcoin, have relatively high transaction costs. As a result, it becomes infeasible to make micropayments, i.e. payments that are pennies or fractions of a penny. To circumvent the cost of recording all transactions, Wheeler (1996) and Rivest (1997) suggested the notion of a probabilistic payment, that is, one implements payments that have expected value on the order of micro pennies by running an appropriately biased lottery
doi:10.1145/2810103.2813713
dblp:conf/ccs/PassS15
fatcat:2vygzyubofbrhiam52djpnda2i