Digital currency, Other Subject

DIGITAL CURRENCY

Electronic money (also known as electronic cash, e-money, electronic currency, digital cash digital money or digital currency) refers to scrip or money which is exchanged only by electronic means. Usually, this involves utilize of computer networks, the internet and digital stored value systems.  Direct deposit and Electronic Funds Transfer (EFT) are examples of electronic money. As well, it is a communal term for financial cryptography and technologies enabling it.

While electronic money has been an attention-grabbing problem for cryptography (see for instance the work of David Chaum and Markus Jakobsson), to date, use of digital cash has been comparatively low-scale. One rare achievement has been Hong Kong's Octopus card system, which ongoing as a transit payment system and has grown-up into a broadly used electronic cash system. Singapore also has an electronic money accomplishment for its public transportation system (commuter trains, bus, etc), which is very similar to Hong Kong's Octopus card and based on the same type of card (FeliCa). A much unbeaten implementation is in the Netherlands, identified as Chipknip.

Posted Date: 10/12/2012 9:12:08 AM | Location : United States







Related Discussions:- Digital currency, Assignment Help, Ask Question on Digital currency, Get Answer, Expert's Help, Digital currency Discussions

Write discussion on Digital currency
Your posts are moderated
Related Questions
Question 1 Write a long note about magazines Question 2 Write a long note on documentary photography and social documentary Question 3 Write a long note on thriller and


Gender as Culturally Learned: The cultural origin of gender becomes especially apparent when we look at other cultures. In Western industrialized societies such as the United Stat

how precise is being made?


Derek Smith, a 75 year old male, has been admitted to the medical ward with pneumonia. He has been feeling generally unwell and coughing for the past two weeks. When you

You are asked to analyse data from a large cross-sectional community survey conducted in a low income country in Asia which aimed to investigate factors associated with the risk of

Patents- Cryptographic strategy implementing this standard may be enclosed by foreign patents and U.S. issued to the International Business Machines Corporation. Though, IBM h

Question 1 How was the establishment of Muslim rule at the end of the twelfth century a turning point in India's cultural history? Question 2 Define Tribe. Explain the si

if you have a sample population with a range of 10-60, mean of 40 and a median of 25, with just this information what can you state about the distribution of the population