Transactions using bets

  • David Wheeler
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 1189)


Small cash transactions, electronic or otherwise, can have their overhead costs reduced by Transactions Using Bets (TUB), using probablistic expectation (betting) as a component. Other types of protocols may also benefit from this idea.


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  1. 1.
    Micromint, Ronald L. Rivest and Adi Shamir, This Volume.Google Scholar
  2. 2.
    “Heads I win, tails you lose”, Economist June 13 1992 p84.Google Scholar

Copyright information

© Springer-Verlag 1997

Authors and Affiliations

  • David Wheeler
    • 1
  1. 1.Computer LaboratoryUniversity of CambridgeEngland

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