Annual International Cryptology Conference

CRYPTO 1991: Advances in Cryptology — CRYPTO ’91 pp 338-350

How to Break and Repair a “Provably Secure” Untraceable Payment System

Extended Abstract
  • Birgit Pfitzmann
  • Michael Waidner
Conference paper

DOI: 10.1007/3-540-46766-1_28

Volume 576 of the book series Lecture Notes in Computer Science (LNCS)
Cite this paper as:
Pfitzmann B., Waidner M. (1992) How to Break and Repair a “Provably Secure” Untraceable Payment System. In: Feigenbaum J. (eds) Advances in Cryptology — CRYPTO ’91. CRYPTO 1991. Lecture Notes in Computer Science, vol 576. Springer, Berlin, Heidelberg


On Crypto’ 88, an untraceable payment system with provable security against abuse by individuals was presented by Damgård. We show how to break the untraceability of that system completely.

Next, an improved version of the system is presented. We also augment the system by security for the individuals against loss of money, and we introduce the possibility of receipts for payments. Finally, whereas all this concerned an on-line system, we present a similar construction for untraceable electronic cash.

Download to read the full conference paper text

Copyright information

© Springer-Verlag Berlin Heidelberg 1992

Authors and Affiliations

  • Birgit Pfitzmann
    • 1
  • Michael Waidner
    • 2
  1. 1.Institut für InformatikUniversität HildesheimHildesheimFRG
  2. 2.Institut für Rechnerentwurf und FehlertoleranzUniversität KarlsruheKarlsruhe 1FRG