Robust off‐line e‐cash scheme with recoverability and anonymity revocation

Abstract

AbstractRecently, electronic cash has become a hot topic issue with the concurrent sustainable growth of electronic commerce. In practice, however, most current electronic cash schemes do not satisfy all necessary requirements. In this paper, we point out flaws in the Fan et al. scheme and based on their scheme, propose a new off‐line e‐cash scheme. We use an ElGamal signature instead of the chameleon hash function to revise the problem of forgeability and reusability in the original scheme. We use an expiration date to improve the management efficiency of the bank's database and resolve the lost privacy problem in the recovery protocol. Our proposed scheme provides security without increasing computation and communication costs compared with the Fan et al. scheme. Copyright © 2016 John Wiley & Sons, Ltd.