Publication

Optimistic Fair Exchange based on Publicly Verifiable Secret Sharing

Serge Vaudenay
2004
Conference Papers

Abstract

In this paper we propose an optimistic two-party fair exchange protocol which does not rely on a centralized trusted third party. Instead, the fairness of the protocol relies on the honesty of part of the neighbor participants. This new concept, which is based on a generic verifiable secret sharing scheme, is particularly relevant in networks where centralized authority can neither be used on-line nor off-line.

Official source

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Serge Vaudenay
2004
Conference Papers

Abstract

Official source

Related concepts (9)

Political party

A political party is an organization that coordinates candidates to compete in a particular country's elections. It is common for the members of a party to hold similar ideas about politics, and parties may promote specific ideological or policy goals. Political parties have become a major part of the politics of almost every country, as modern party organizations developed and spread around the world over the last few centuries. It is extremely rare for a country to have no political parties.

Minor party

A minor party is a political party that plays a smaller (in some cases much smaller, even insignificant in comparison) role than a major party in a country's politics and elections. The difference between minor and major parties can be so great that the membership total, donations, and the candidates that they are able to produce or attract are very distinct. Some of the minor parties play almost no role in a country's politics because of their low recognition, vote and donations.

Secret sharing

Secret sharing (also called secret splitting) refers to methods for distributing a secret among a group, in such a way that no individual holds any intelligible information about the secret, but when a sufficient number of individuals combine their 'shares', the secret may be reconstructed. Whereas insecure secret sharing allows an attacker to gain more information with each share, secure secret sharing is 'all or nothing' (where 'all' means the necessary number of shares).