Abstract

A. M+1 st-price auction is an auction method in which all bidders submit their bids simultaneously, and the M highest bidders purchase M identical goods at the M+ 1st bidding price. Previous researches use trusted third party (TTP), trusted mix server, and honest managers. We propose an efficient and secure auction protocol that guarantees financial fairness, robustness and correctness without any manager or TTP and is secure under malicious model for the first time. We also proposed a new mechanism to verify bids. This new mechanism can be used in all auction protocols which is based on encrypted bits.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.