Chapter

Financial Cryptography

Volume 1318 of the series Lecture Notes in Computer Science pp 307-314

Date:

Electronic lottery tickets as micropayments

  • Ronald L. RivestAffiliated withMIT Lab for Computer Science (RSA / Security Dynamics)

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Abstract

We present a new micropayment scheme based on the use of “electronic lottery tickets.” This scheme is exceptionally efficient since the bank handles only winning tickets, instead of handling each micropayment.