Security

A Secure Money Transaction Scheme (Identification Scheme) Using Elliptic Curves

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Executive Summary

Identification protocols have an important role for building secure communications amongst two or more entities over the internet. In this paper, the authors introduce a new identification scheme (or money transaction protocol) based on the elliptic curve Diffie - Hellman problem. They show that their protocol meets the security attributes under the assumption that the elliptic curve discrete logarithm problem is secure. In recent years several proposals have emerged for secure two party authentication schemes for secure communication using elliptic curves.

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