COMPUTATION MIXING

COMPUTATION MIXING

A cryptographic protocol is provided that allows principals to securely realize a wide range of financial products simply via the protocol conducted between their respective phone apps. No other entities need play a role and no fees need be paid. A commitment fee is required to prevent the counterpa...

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1. Verfasser: Chaum, David
Format: Patent
Sprache:eng ; fre ; ger
Schlagworte:
ELECTRIC COMMUNICATION TECHNIQUE
ELECTRICITY
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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creator Chaum, David
description A cryptographic protocol is provided that allows principals to securely realize a wide range of financial products simply via the protocol conducted between their respective phone apps. No other entities need play a role and no fees need be paid. A commitment fee is required to prevent the counterparty being spoofed and the system being discredited. If a party reneges during a transaction, that party is refunded their value and at least a share of a penalty levied on the reneging party.
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subjects ELECTRIC COMMUNICATION TECHNIQUE
ELECTRICITY
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
title COMPUTATION MIXING
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