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Decentralized Digital Currency System using Merkle Hash Trees. (arXiv:2205.03259v1 [cs.CY])
May 9, 2022, 1:20 a.m. | Shreekanth M Prabhu, Natarajan Subramanyam, Ms. Shreya P Krishnan, Ms. Brindavana Sachidananda
cs.CR updates on arXiv.org arxiv.org
In India, post the demonetization exercise in 2016, digital payments have
become extremely popular. Among them, the volume of transactions using Paytm
wallets and UPI (Unified Payment Interface) have grown manifold. The lockdowns
due to COVID-19 Pandemic have furthered this trend. Side by side,
crypto-currencies such as bitcoin are also gaining traction. Many countries are
considering issuing a Digital Currency via their Central Banks. In this paper,
we propose a novel Decentralized Digital Currency System (DDCS) that makes use
of …
currency decentralized digital digital currency hash merkle system
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