Amortized E-Cash

@inproceedings{Liskov2001AmortizedE,
  title={Amortized E-Cash},
  author={Moses D. Liskov and Silvio Micali},
  booktitle={Financial Cryptography},
  year={2001}
}
We present an e-cash scheme which provides a trade-off between anonymity and efficiency, by amortizingth e cost of zero-knowledge and signature computation in the cash generation phase.Our work solves an open problem of Okamoto in divisible e-cash. Namely, we achieve results similar to those of Okamoto, but (1) based on traditional complexity assumptions (rather than ad hoc ones), and (2) within a much crisper definitional framework that highlights the anonymity properties, and (3) in a simple… 

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