A New Scheme for the Electronic Coin
Chao-Wen Chan, Chin‐Chen Chang · 2006
In this paper, we analyze the notion of ownership of electronic money. We observe that a payment is the transfer of ownership of money where a payer's ownership of cash is transferred to a payee. We then propose a digitalized ownership transfer scheme suited for the process of coin transferral. Based on the these ideas, we present a new scheme for the electronic coin. Our scheme models the payment system of the physical coin