Ensuring anonymity in e-cash payment system

Asked By Malina 20 points N/A Posted on - 08/12/2011

How can I ensure anonymous e-cash payment system?

And how can I withdraw coins and purchase e-cash anonymously?

 

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Answered By LianneP 0 points N/A #114154

Ensuring anonymity in e-cash payment system

Good Day,

An anonymous e-cash system is using blind signature to pay, withdraw, purchase, transfer money, etc. It involves the use of computer and internet. It can provide many benefits such as convenience, privacy, transactions efficiency, and low transaction rates.

However, there are many potential issues like money laundering, exchange rate instabilities and shortage of money supplies.

LianneP

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Answered By Austin kelley 10 points N/A #114155

Ensuring anonymity in e-cash payment system

Hi,

Almost all of the available Anonymous Electronic Cash systems are based on signature. The bank can issue valid money unreported through this systems. This is a trustworthy way of money transaction but there are issues like if the secret key is leaked from the bank the result will lead to a huge damage. Hope I have given you the required answer.

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• Posted on - 12/05/2012
• Question Category: Email Clients