Abstract
Small cash transactions, electronic or otherwise, can have their overhead costs reduced by Transactions Using Bets (TUB), using probablistic expectation (betting) as a component. Other types of protocols may also benefit from this idea.
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References
Micromint, Ronald L. Rivest and Adi Shamir, This Volume.
“Heads I win, tails you lose”, Economist June 13 1992 p84.
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© 1997 Springer-Verlag Berlin Heidelberg
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Wheeler, D. (1997). Transactions using bets. In: Lomas, M. (eds) Security Protocols. Security Protocols 1996. Lecture Notes in Computer Science, vol 1189. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-62494-5_7
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DOI: https://doi.org/10.1007/3-540-62494-5_7
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