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Engineering an eCash System

Tim Ebringer6 and Peter Thorne6

(6)  University of Melbourne, Parkville Victoria, 3052, Australia
Abstract
Since the seminal eCash paper by Chaum, Fiat and Naor [4], there have been many improvements to the original protocol. However, a protocol constitutes only a single layer of a production system. We examine the feasibility of using some of these new eCash protocols in a more massive system that replaces our current physical cash system. Our examples are taken from the Australian economy, but should be applicable to other developed nations.

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