This document describes an extension of the One-Time Password (OTP) algorithm, namely the HMAC-based One-Time Password (HOTP) algorithm, as defined in RFC 4226, to support the time-based moving factor. The HOTP algorithm specifies an event-based OTP algorithm, where the moving factor is an event counter. The present work bases the moving factor on a time value. A time-based variant of the OTP algorithm provides short-lived OTP values, which are desirable for enhanced security. The proposed al...