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An Efficient Micro-Payment Protocol Based on a Single Hash Chain

Micro-payments are very small sums of money, typically used to pay for content access or for small quantities of network resources. However, the existing micro-payments have the following drawbacks: firstly, generated e-coins only connecting with one particular merchant; secondly, only one unit valu... Full description

Journal Title: Applied Mechanics and Materials 2014, Vol.511, pp.1167-1171
Main Author: Li, Guo Juan
Other Authors: Wang, Hai Bin , Chai, Xu Guang
Format: Electronic Article Electronic Article
Language: English
Subjects:
ID: ISSN: 1660-9336 ; E-ISSN: 1662-7482 ; DOI: 10.4028/www.scientific.net/AMM.511-512.1167
Link: http://www.scientific.net/AMM.511-512.1167
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recordid: transtech10.4028/www.scientific.net/AMM.511-512.1167
title: An Efficient Micro-Payment Protocol Based on a Single Hash Chain
format: Article
creator:
  • Li, Guo Juan
  • Wang, Hai Bin
  • Chai, Xu Guang
subjects:
  • Chains
  • Joining
  • Currencies
  • Business
  • Hash Based Algorithms
  • Construction
  • Networks
  • Sums
  • Theoretical Mechanics and Dynamics (Mt)
  • General and Nonclassified (MD)
  • General and Nonclassified (Ep)
  • General and Nonclassified (Ed)
  • General and Nonclassified (EC)
  • Theoretical Mechanics and Dynamics (CE)
  • Double Spending
  • Electronic Commerce
  • Hash Chain
  • Micro-Payment
ispartof: Applied Mechanics and Materials, 2014, Vol.511, pp.1167-1171
description: Micro-payments are very small sums of money, typically used to pay for content access or for small quantities of network resources. However, the existing micro-payments have the following drawbacks: firstly, generated e-coins only connecting with one particular merchant; secondly, only one unit value or one kind of currency is provided; and thirdly, needs multiple hash chain. In this paper, we constructed an efficient micro-payment protocol based single hash chain. The user only generates a hash chain to do business with multiple merchants. Using the hash value of monetary value generated by the broker, the user can spend different monetary value by a hash chain.
language: eng
source:
identifier: ISSN: 1660-9336 ; E-ISSN: 1662-7482 ; DOI: 10.4028/www.scientific.net/AMM.511-512.1167
fulltext: fulltext
issn:
  • 1660-9336
  • 1662-7482
  • 16609336
  • 16627482
url: Link


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descriptionMicro-payments are very small sums of money, typically used to pay for content access or for small quantities of network resources. However, the existing micro-payments have the following drawbacks: firstly, generated e-coins only connecting with one particular merchant; secondly, only one unit value or one kind of currency is provided; and thirdly, needs multiple hash chain. In this paper, we constructed an efficient micro-payment protocol based single hash chain. The user only generates a hash chain to do business with multiple merchants. Using the hash value of monetary value generated by the broker, the user can spend different monetary value by a hash chain.
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subjectChains ; Joining ; Currencies ; Business ; Hash Based Algorithms ; Construction ; Networks ; Sums ; Theoretical Mechanics and Dynamics (Mt) ; General and Nonclassified (MD) ; General and Nonclassified (Ep) ; General and Nonclassified (Ed) ; General and Nonclassified (EC) ; Theoretical Mechanics and Dynamics (CE) ; Double Spending ; Electronic Commerce ; Hash Chain ; Micro-Payment;
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abstractMicro-payments are very small sums of money, typically used to pay for content access or for small quantities of network resources. However, the existing micro-payments have the following drawbacks: firstly, generated e-coins only connecting with one particular merchant; secondly, only one unit value or one kind of currency is provided; and thirdly, needs multiple hash chain. In this paper, we constructed an efficient micro-payment protocol based single hash chain. The user only generates a hash chain to do business with multiple merchants. Using the hash value of monetary value generated by the broker, the user can spend different monetary value by a hash chain.
pubTrans Tech Publications
doi10.4028/www.scientific.net/AMM.511-512.1167
pages1167-1171
issueSensors, Mechatronics and Automation
isbn9783038350170
date2014-05-05