This topic contains a solution. Click here to go to the answer

Author Question: In about 100 words, explain what a digital wallet is and how it can be used. Include discussions of ... (Read 59 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
In about 100 words, explain what a digital wallet is and how it can be used. Include discussions of software- versus hardware-based digital wallets and server-side versus client-side digital wallets.

Question 2

In a paragraph, outline the double spending issue that can occur with the use of digital cash.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shewald78

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

A digital wallet is an electronic device or software that can store credit card numbers, digital cash, owner identification, and owner contact information and provide that information to an online business at checkout. Digital wallets give consumers the benefit of entering their information just once, instead of having to enter their information at every site with which they want to do business.
Software-based digital wallets fall into two categories, depending on where they are stored. A server-side digital wallet stores a customers information on a remote server belonging to a particular merchant or wallet publisher. A client-side digital wallet stores information on the customers computer.
Smartphones and tablets, as mobile devices, are candidates to become hardware-based digital wallets that can store a variety of identity credentials (such as a drivers license, medical insurance card, store loyalty cards, and other identifying documents). The smartphone can transmit portions of this identity information on command using
its Bluetooth or wireless transmission capability to nearby terminals.

Answer to Question 2

Double spending is spending a particular piece of digital cash twice by submitting the same electronic currency to two different vendors. When the electronic currency reaches the bank for clearance a second time, it is too late to prevent the fraudulent act. The main deterrent to double spending is the threat of detection and prosecution. Thus, digital cash must be traceable back to its origin.




shenderson6

  • Member
  • Posts: 573
Reply 2 on: Jul 7, 2018
:D TYSM


milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library