2 Properties
To purchase items over the internet, people currently use credit cards as the prevailing form of
payment. For years, however, people have asked "Why not use Electronic Cash?" These are the
properties that would be necessary for such a scheme:
1. Financial Infrastructure: There is a big di?erence between bits and atoms. People have used
atoms, gold, bills, etc. as money. Behind the bits in E-cash, there must be financial infrastruc-
ture that the money represented by the instructions in the bits from one account to another.
A transaction is an instruction to move money from a consumer's account to a merchant's
account.
2. No Double-Spending and Non-forgeability: Bits can be easily duplicated but atoms cannot.
So copies of cash should not be spendable. Nor should one be able to forge or create e-cash
and spend it.
3. Security: Account information should be kept secure. Transfers should be kept secure.
4. Immediate Verifiability that Payment is OK Online vs. O?ine systems: Every time you receive
a payment, you could instantly relay it to the bank to verify it. Or there could be an intrinsic
property that lets you know the money is good if a bank is not readily available.
5. Persistence: Atoms stick around better than bits do. If your computer crashes, you should not
be bankrupted. A backup of your wallet to record your wealth should not be spendable.
6. Exclusive Ownership
7. Anonymity: There are di?erent types of anonymity, payer, payee, and even bank anonymity.
The merchant may accept money without knowing who the payer is. Also you should be able
to deposit money without the bank knowing where the transaction comes from. There are
issues of money laundering. People can transfer money without the bank knowing.
8. Transferability: A can pass money to B and then to C easily and anonymously.
9. Amounts: It would be nice to support a variety of "coin sizes".
10. Traceable to issuer: We should know who backs each bit of money. E.g., We can tell by
inspection that U.S. money is issued by the U.S. treasury.
11. Divisibility and Combination: If you have an instrument worth 1 dollar, you should be able
to divide it into two instruments each worth 50 cents.
12. Compatibility with existing systems: An electronic payment system should interface smoothly
with existing payment systems. (To what extent a monetary system actually depends on
others is an interesting open question; can you have e.g., a Galactic System with no central
Government authority?)
13. Efficient for small amounts
14. Scalability
15. Competition between Issuers: Free banking before the Gold Standard
ecommerce is a weird word
A template for eCommerce can be viewed on the offical website of the company "eCommerce" where there are plently of templates to test and view for any user.
what year did ecommerce begin
The Wikipedia page for eCommerce gives a good explanation of what eCommerce is and its definitions. The same page also explains the sub-categories that make it up.
One can hire an Ecommerce web designer in Calgary from a variation of websites. For example, Emethod which is a company that can help with Wordpress, eCommerce and HTML5.
Ecommerce is the process of transaction of good and services over the internet whereas ecommerce business is building an ecommerce website for your business in order to sell your business online.
Shopify is one of the easiest platforms for eCommerce. It’s user-friendly, requires no coding, and offers everything from payments to inventory in one place. Great for beginners and growing businesses alike.
Freelance ecommerce developers Mumbai develops ecommerce websites efficiently that assist your company to improve sales and profit more quickly. To provide a great shopping experience to your target consumer, always choose a qualified freelance e-commerce developer in Mumbai who can transform your eCommerce website into your most effective online selling instrument
Looking for ecommerce website builder? Don't worry I will suggest you with one of the best ecommerce website builder in India. Alakmalak Technologies is one of the leading ecommerce website development company in India. Having experience of more then 15 years and have completed more then 3000+ project. For more information visit Alakmalak Technologies.
Ecommerce or electronic commerce is basically the transactions conducted through the internet. Every time individuals/companies buy or sell products and services online they engage in ecommerce. Ecommerce also incorporates activities like online auctions, internet banking, payment gateways, online ticketing, and more. reyecomops. pvt ltd
Magento, osCommerce, and OpenCart are among some of the sites offering free ecommerce platforms.
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