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2019 | OriginalPaper | Chapter

AFCoin: A Framework for Digital Fiat Currency of Central Banks Based on Account Model

Authors : Haibo Tian, Xiaofeng Chen, Yong Ding, Xiaoyan Zhu, Fangguo Zhang

Published in: Information Security and Cryptology

Publisher: Springer International Publishing

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Abstract

Currently, the technique choices of issuing digital fiat currencies include RSCoin, Corda and Quorum etc. RSCoin is specially designed for central banks based on Bitcoin. Corda and Quorum are permissioned distributed ledger techniques based on Bitcoin and Ethereum, respectively. There lacks a framework specially for central banks based on Ethereum. We here introduce AFCoin: a framework based on the account model and smart contract of Ethereum. AFCoin shows a possible way to issue and manage fiat currencies by central banks. It can be deployed in an evolutionary way and enjoys good efficiency, regulation and privacy properties.

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Title: AFCoin: A Framework for Digital Fiat Currency of Central Banks Based on Account Model
Authors: Haibo Tian
Xiaofeng Chen
Yong Ding
Xiaoyan Zhu
Fangguo Zhang
Publisher: Springer International Publishing
Book: Information Security and Cryptology
Print ISBN: 978-3-030-14233-9

Electronic ISBN: 978-3-030-14234-6

Copyright Year: 2019
DOI: https://doi.org/10.1007/978-3-030-14234-6_4

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