Evaluation of Probabilistic Payment Systems
With the development of pay-per-view and multimedia streaming services, there is an increasing demand for practical micropayment mechanisms. In this paper, we investigate the applicability of probabilistic payment schemes for micropayments and propose a framework to evaluate them. The framework cons...
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| creator | Hamad, A.M. Kouta, M. Afify, Y.M. |
| description | With the development of pay-per-view and multimedia streaming services, there is an increasing demand for practical micropayment mechanisms. In this paper, we investigate the applicability of probabilistic payment schemes for micropayments and propose a framework to evaluate them. The framework consists of a well structured parameter vector of characteristics such as transaction cost, delay, computation overhead, overcharging and anonymity. It is applied to lottery tickets, coin flipping and MR2 schemes. Results show that lottery tickets and MR2 have nearly the same transaction computation overhead, delay, anonymity, loss risk and non-refutability. MR2 scheme has lower traffic cost, it provides message integrity, authentication, no overcharging, while lottery tickets scheme prevents double spending. MR2 scheme is best suited for micropayments but it still needs a lot of work in respect of building a working micropayment system |
| doi_str_mv | 10.1109/CEC-EEE.2006.46 |
| format | Conference Proceeding |
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In this paper, we investigate the applicability of probabilistic payment schemes for micropayments and propose a framework to evaluate them. The framework consists of a well structured parameter vector of characteristics such as transaction cost, delay, computation overhead, overcharging and anonymity. It is applied to lottery tickets, coin flipping and MR2 schemes. Results show that lottery tickets and MR2 have nearly the same transaction computation overhead, delay, anonymity, loss risk and non-refutability. MR2 scheme has lower traffic cost, it provides message integrity, authentication, no overcharging, while lottery tickets scheme prevents double spending. MR2 scheme is best suited for micropayments but it still needs a lot of work in respect of building a working micropayment system</abstract><pub>IEEE</pub><doi>10.1109/CEC-EEE.2006.46</doi><tpages>1</tpages></addata></record> |
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| ispartof | The 8th IEEE International Conference on E-Commerce Technology and The 3rd IEEE International Conference on Enterprise Computing, E-Commerce, and E-Services (CEC/EEE'06), 2006, p.19-19 |
| issn | 2378-1963 2378-1971 |
| language | eng |
| recordid | cdi_ieee_primary_1640274 |
| source | IEEE Electronic Library (IEL) Conference Proceedings |
| subjects | Authentication Computational efficiency Computer science Consumer electronics Costs Delay Electronic commerce Information systems Multimedia systems Streaming media |
| title | Evaluation of Probabilistic Payment Systems |
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