Micropayments Revisited

  • Silvio Micali
  • Ronald L. Rivest
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 2271)

Abstract

We present new micropayment schemes that are more efficient and user friendly than previous ones.

These schemes reduce bank processing costs by several orders of magnitude, while preserving a simple interface for both users and merchants. The schemes utilize a probabilistic deposit protocol that, in some of the schemes, may be entirely hidden from the users.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2002

Authors and Affiliations

  • Silvio Micali
    • 1
  • Ronald L. Rivest
    • 1
  1. 1.Laboratory for Computer ScienceMassachusetts Institute of TechnologyCambridge

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