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Multiple-Use Transferable E-Cash

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Executive Summary

E-cash is a concept of electronic cash which would allow users to carry money in form of digital coins. Transaction can be done both offline and online in absence of a third party/financial institution. This paper proposes an offline model which supports multiple usage of transferable e-coin. The protocol is based on RSA, digital signature and a two-step encryption process. In this two step encryption, the user account details are encrypted in the coin using unique numbers in each step.

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