Photo by Sharon McCutcheon on Unsplash

How Can Peggy Prove To Victor That She Has Enough Cryptocurrency To Pay Him, Without Revealing Her Transactions?

--

So how can Peggy prove to Victor that she has enough cryptocurrency to pay him, without revealing all her previous transactions? Well, we can use a range proof for that, and where we can sum up all Peggy’s incomings and outgoings, and then substract the amount he needs to pay Victor. If the value is…

--

--

Prof Bill Buchanan OBE FRSE
ASecuritySite: When Bob Met Alice

Professor of Cryptography. Serial innovator. Believer in fairness, justice & freedom. Based in Edinburgh. Old World Breaker. New World Creator. Building trust.