Abstract
We use techniques from financial cryptography to define new electronic currencies that are suitable for many applications. We use a platform approach to allow a single, world-wide infrastructure to support a practically unlimited number of new currencies. The platform permits new currencies to be defined with little effort, and allows an individual to effectively manage and use perhaps a few dozen of those currencies that he finds personally useful. We describe the structures and mechanisms of the platform, various applications, and the risks associated with its use.
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© 1998 Springer-Verlag Berlin Heidelberg
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Maher, D.P. (1998). A platform for privately defined currencies, loyalty credits, and play money. In: Hirchfeld, R. (eds) Financial Cryptography. FC 1998. Lecture Notes in Computer Science, vol 1465. Springer, Berlin, Heidelberg. https://doi.org/10.1007/BFb0055472
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DOI: https://doi.org/10.1007/BFb0055472
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-64951-9
Online ISBN: 978-3-540-53918-6
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