Abstract
Digital currencies are legally valid legal tender issued by the country’s central bank, equivalent to the paper currencies currently on the market, with value characteristics and legal solvency, manufactured and managed by the central bank. User privacy and the security against the double spending issues are among the most important factors of the electronic currency. Features such as the anonymity, one time and the unforgeability are of great importance to the digital currency in order to replace the existing paper money in the market. In this paper, we effectively achieve the one-time feature of the digital currencies based on the one-time signature power delegation technique, so as to successfully avoid the “double spending” issue when users are offline.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Chaum, D., van Heyst, E.: Group Signatures. In: Davies, D.W. (ed.) EUROCRYPT 1991. LNCS, vol. 547, pp. 257–265. Springer, Heidelberg (1991). https://doi.org/10.1007/3-540-46416-6_22
Chaum, D., Fiat, A., Naor, M.: Untraceable electronic cash. In: Goldwasser, S. (ed.) CRYPTO 1988. LNCS, vol. 403, pp. 319–327. Springer, New York (1990). https://doi.org/10.1007/0-387-34799-2_25
Bellare, M., Shi, H., Zhang, C.: Foundations of group signatures: the case of dynamic groups. In: Menezes, A. (ed.) CT-RSA 2005. LNCS, vol. 3376, pp. 136–153. Springer, Heidelberg (2005). https://doi.org/10.1007/978-3-540-30574-3_11
Nishide, T.: One-time delegation of unlinkable signing rights and its application. In: Nguyen, K., Wu, W., Lam, K.Y., Wang, H. (eds.) ProvSec 2020. LNCS, vol. 12505, pp. 103–123. Springer, Cham (2020). https://doi.org/10.1007/978-3-030-62576-4_6
Pointcheval, D., Sanders, O.: Short randomizable signatures. In: Sako, K. (ed.) CT-RSA 2016. LNCS, vol. 9610, pp. 111–126. Springer, Cham (2016). https://doi.org/10.1007/978-3-319-29485-8_7
Camenisch, J., Stadler, M.: Efficient group signature schemes for large groups. In: Kaliski, B.S. (ed.) CRYPTO 1997. LNCS, vol. 1294, pp. 410–424. Springer, Heidelberg (1997). https://doi.org/10.1007/BFb0052252
Okamoto, T.: Provably secure and practical identification schemes and corresponding signature schemes. In: Brickell, E.F. (ed.) CRYPTO 1992. LNCS, vol. 740, pp. 31–53. Springer, Heidelberg (1993). https://doi.org/10.1007/3-540-48071-4_3
Goldwasser, S., Kalai, Y.T., Rothblum, G.N.: One-time programs. In: Wagner, D. (ed.) CRYPTO 2008. LNCS, vol. 5157, pp. 39–56. Springer, Heidelberg (2008). https://doi.org/10.1007/978-3-540-85174-5_3
Acar, T., Nguyen, L.: Revocation for delegatable anonymous credentials. In: Catalano, D., Fazio, N., Gennaro, R., Nicolosi, A. (eds.) PKC 2011. LNCS, vol. 6571, pp. 423–440. Springer, Heidelberg (2011). https://doi.org/10.1007/978-3-642-19379-8_26
Fiat, A., Shamir, A.: How to prove yourself: practical solutions to identification and signature problems. In: Odlyzko, A.M. (ed.) CRYPTO 1986. LNCS, vol. 263, pp. 186–194. Springer, Heidelberg (1987). https://doi.org/10.1007/3-540-47721-7_12
Pedersen, T.P.: Non-interactive and information-theoretic secure verifiable secret sharing. In: Feigenbaum, J. (ed.) CRYPTO 1991. LNCS, vol. 576, pp. 129–140. Springer, Heidelberg (1992). https://doi.org/10.1007/3-540-46766-1_9
Shamir, A.: How to share a secret. Commun. ACM 22(11), 612–613 (1979). https://doi.org/10.1007/978-3-642-15328-0_17
Teranishi, I., Furukawa, J., Sako, K.: k-times anonymous authentication (extended abstract). In: Lee, P.J. (ed.) ASIACRYPT 2004. LNCS, vol. 3329, pp. 308–322. Springer, Heidelberg (2004). https://doi.org/10.1007/978-3-540-30539-2_22
Fanusie, Y., Jin, E.: China’s Digital Currency (2021)
Qian, Y., et al.: Method and system for offline payment using digital currency chip card [P], Beijing: CN107230079B 2020–10-09 (in Chinese)
People’s Bank of China. White paper on the progress of research and development of China’s digital RMB [R/OL] (2021-7-16) [2021-7-25] (in Chinese). http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4293590/index.html
Anna: Digital dollar:purpose of issuance, basic architecture, application scenarios and challenges to China’s central bank digital currency DC/EP. New Finance. 11(2020), 21–26 (in Chinese). DOI:CNKI:SUN:XJRO.0.2020-11-004
Acknowledgement
My advisor, Mr. Chen, has been extremely helpful and supportive throughout the research and dissertation process. I would like to express my great gratitude to Mr. Chen.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Hong, Z., Chen, J. (2022). A Solution for the Offline Double-Spending Issue of Digital Currencies. In: Su, C., Sakurai, K., Liu, F. (eds) Science of Cyber Security. SciSec 2022. Lecture Notes in Computer Science, vol 13580. Springer, Cham. https://doi.org/10.1007/978-3-031-17551-0_30
Download citation
DOI: https://doi.org/10.1007/978-3-031-17551-0_30
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-17550-3
Online ISBN: 978-3-031-17551-0
eBook Packages: Computer ScienceComputer Science (R0)