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      Chapter

      Digital Money
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      Chapter

      Digital Money

      DOI link for Digital Money

      Digital Money book

      Digital Money

      DOI link for Digital Money

      Digital Money book

      ByMostafa Hashem Sherif
      BookProtocols for Secure Electronic Commerce

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      Edition 3rd Edition
      First Published 2016
      Imprint CRC Press
      Pages 10
      eBook ISBN 9781315373973
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      ABSTRACT

      This chapter presents the general characteristics of digital money with a focus on DigiCash. Digital money aims to imitate cash in the sense that it is anonymous and untraceable at the cost of some computational complexities. DigiCash uses a digital currency called eCash to replace coins and notes, to retain anonymity and untraceability, and to allow secure communication over open networks. Anonymity and untraceability in DigiCash are based on the use of blind signatures. The company eCash Technologies purchased all DigiCash patents and was itself acquired by other Internet companies. Contrary to bank notes, DigiCash coins have an expiration date as a protection against fraud including spending the same coin more than once. DigiCash was radically different from other instruments and raised many legal and financial issues that the financial industry, as well as regulators, were not ready to address.

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