Optimistic Fair-Exchange with Anonymity for Bitcoin Users

@article{Jayasinghe2014OptimisticFW,
  title={Optimistic Fair-Exchange with Anonymity for Bitcoin Users},
  author={Danushka Jayasinghe and Konstantinos Markantonakis and Keith Mayes},
  journal={2014 IEEE 11th International Conference on e-Business Engineering},
  year={2014},
  pages={44-51}
}
Fair-exchange and anonymity are two important attributes in e-commerce. It is much more difficult to expect fairness in e-commerce transactions using Bit coin due to anonymity and transaction irreversibility. Genuine consumers and merchants who would like to make and receive payments using Bit coin may be reluctant to do so due to this uncertainty. The proposed protocol guarantees strong-fairness while preserving anonymity of the consumer and the merchant, using Bit coin as a payment method… CONTINUE READING
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