Micromint micropayment Essay Example | Topics and Well Written Essays - 250 words - 1

Micromint micropayment - Essay Example The scrip ensures there is a permanent relationship between the customer and the vendor. This according to Rivest (1997, p. 45), is inconvenience for a vendor. To perform each transaction, the consumer goes to the broker for exchange of the vendor scrip. In spite of the security features of Millicent System; it is still exposed to cyber crimes. Future systems ought to be improved using public keys for encryption. This can protect sensitive information from reaching intruders. Additionally, network security techniques ought to be applied to eliminate the risk of man-in-the-middle attack. Glassman, S., Manasse, M., Abadi, M., Gauthier, P & Sobalvarro, P 2013, â€Å"The MilliCent Protocol for Inexpensive Electronic Commerce†, Fourth International World Wide Web Conference, Darmstadt, Germany. Rivest, R 1997, â€Å"Electronic Lottery Tickets as Micropayments†, in R. Hirschfeld (Ed.), Financial Crypography: First International Conference (FC ‘97), Anguilla, British West Indies, Feb. 24-28, Lecture Notes in Computer Science (Vol. 1318, pp. 307-314). Yacobi, Y 1997, â€Å"On the Continuum Between On-line and Off-line E-cash Systems†, in R. Hirschfeld (Ed.), Financial Cryptography: First International Conference (FC ’97), Anguilla, British West Indies, February 24-28, Lecture Notes in Computer Science (Vol. 1318, pp.