Have a snack, pay with Bitcoins

@article{Bamert2013HaveAS,
  title={Have a snack, pay with Bitcoins},
  author={Tobias Bamert and Christian Decker and Lennart Elsen and Roger Wattenhofer and Samuel Welten},
  journal={IEEE P2P 2013 Proceedings},
  year={2013},
  pages={1-5}
}
Cashless payments are nowadays ubiquitous and decentralized digital currencies like Bitcoin are increasingly used as means of payment. However, due to the delay of the transaction confirmation in Bitcoin, it is not used for payments that rely on quick transaction confirmation. We present a concept that addresses this drawback of Bitcoin and allows it to be used for fast transactions. We evaluate the performance of the concept using double-spending attacks and show that, employing our concept… CONTINUE READING

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