Role of Crypto-currency in payment process

Franc Dolenc (2014) Role of Crypto-currency in payment process. EngD thesis.

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Abstract

The purpose of the diploma thesis is to describe the alternative way of payment by using virtual and digital currencies. We try to find out, whether these systems are appropriate for general integration in existing solutions. Firstly, we explain the importance of introducing cryptography in online communication and the operating of hash functions. Next, there are definitions of all significant roles of external systems connected to digital currencies, followed by the description of crypto currencies and the design of transaction. The possibilities of payment are shown in the online store designed in programming languages PHP and JavaScript. We ascertain that networking with payment processors via applicative programming interfaces is completely feasible, but inappropriate for random solutions due to the instability and deflation of the crypto currency. The conclusion indicates that the regular methods of payment are still more reliable than the alternative ones at the moment.

Item Type:

Thesis (EngD thesis)

Keywords:

digital currencies, cryptocurrencies, protocols, transactions, application programming interfaces

Number of Pages:

Language of Content:

Slovenian

Mentor / Comentors:

Name and Surname	ID	Function
doc. dr. Dejan Lavbič	302	Mentor

Link to COBISS:

http://www.cobiss.si/scripts/cobiss?command=search&base=50070&select=(ID=10575700)

Institution:

University of Ljubljana

Department:

Faculty of Computer and Information Science

Item ID:

2531

Date Deposited:

23 Apr 2014 10:33

Last Modified:

16 May 2014 11:36

URI:

http://eprints.fri.uni-lj.si/id/eprint/2531

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