TRANSFERRING SECRET ELECTRONIC PAYMENT

Rajendra Prasad Pandey, Pradeep Kumar Shah

Abstract: Transferring an E-payment scheme on NETWORK is described. It can work on personal computers or smart phones. This particular property is useful to suppress double spending. Nevertheless it has benefits that are expected from electronic money such as anonymity. This money scheme can be used in both, online and offline mode. In online mode, double spending is strictly avoided. In offline mode, double spending is easily detected, if attempted. In particular we have given implementation of this scheme for personal computer and may be mobile phone devices. These devices have a lot of memory and processing power constraints. A payment scheme should work reasonably efficient on these devices. These devices provide a number of choices for wireless connectivity also

Keywords: Double Spending, E-payment

DOI: https://doi.org/10.15623/ijret.2014.0326002