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Coin flipping is a cryptographic primitive in which two distrustful parties wish to generate a random bit in order to choose between two alternatives. This task is impossible to realize when it relies solely on the asynchronous exchange of…

We discuss the possibility of creating money that is physically impossible to counterfeit. Of course, "physically impossible" is dependent on the theory that is a faithful description of nature. Currently there are several proposals for…

Quantum Physics · Physics 2018-11-06 John H. Selby , Jamie Sikora

We present and characterize advanced attacks on an ensemble-based quantum token protocol that allows for implementing non-clonable quantum coins. Multiple differently initialized tokens of identically prepared qubit ensembles are combined…

Quantum Physics · Physics 2026-05-06 Bernd Bauerhenne , Lucas Tsunaki , Jan Thieme , Boris Naydenov , Kilian Singer

Quantum tokens envision to store unclonable quantum states in a physical device, with the goal of being used for personal authentication protocols, as required by banks. Still, the experimental realization of such devices faces many…

This paper presents a hybrid cryptographic protocol, using quantum and classical resources, to generate a key for authentication and optionally for encryption in a network. One or more trusted servers distribute streams of entangled photons…

Quantum Physics · Physics 2007-05-23 D. Richard Kuhn

Each classical public-coin protocol for coin flipping is naturally associated with a quantum protocol for weak coin flipping. The quantum protocol is obtained by replacing classical randomness with quantum entanglement and by adding a cheat…

Quantum Physics · Physics 2007-05-23 Carlos Mochon

We present a quantum protocol for the task of weak coin flipping. We find that, for one choice of parameters in the protocol, the maximum probability of a dishonest party winning the coin flip if the other party is honest is 1/sqrt(2). We…

Quantum Physics · Physics 2009-11-07 R. W. Spekkens , Terry Rudolph

We review the quantum version of a well known problem of cryptography called coin tossing (``flipping a coin via telephone''). It can be regarded as a game where two remote players (who distrust each other) tries to generate a uniformly…

Quantum Physics · Physics 2007-05-23 C. Doescher , M. Keyl

Coin flipping is a cryptographic primitive in which two spatially separated players, who in principle do not trust each other, wish to establish a common random bit. If we limit ourselves to classical communication, this task requires…

Quantum Physics · Physics 2013-05-29 Guido Berlin , Gilles Brassard , Felix Bussieres , Nicolas Godbout

In this letter we present the first implementation of a quantum coin tossing protocol. This protocol belongs to a class of ``two-party'' cryptographic problems, where the communication partners distrust each other. As with a number of such…

Quantum Physics · Physics 2015-02-11 G. Molina-Terriza , A. Vaziri , R. Ursin , A. Zeilinger

A quantum digital signature (QDS) protocol is investigated in respect of an attacker who can impersonate other communicating principals in the style of Lowe's attack on the Needham-Schroeder public-key authentication protocol. A…

Cryptography and Security · Computer Science 2015-09-15 Derrick Newton

While classical money can be copied, it is impossible to copy quantum money in principle, with only the bank that issues it knowing how to generate it, meaning only the bank can make exact copies. Not all reliable banks, such as central…

Quantum Physics · Physics 2022-05-20 Yuichi Sano

A decentralized online quantum cash system, called qBitcoin, is given. We design the system which has great benefits of quantization in the following sense. Firstly, quantum teleportation technology is used for coin transaction, which…

General Finance · Quantitative Finance 2020-09-22 Kazuki Ikeda

Quantum information allows us to build quantum money schemes, where a bank can issue banknotes in the form of authenticatable quantum states that cannot be cloned or counterfeited. Similar to paper banknotes, in existing quantum money…

Quantum Physics · Physics 2024-11-08 Alper Cakan , Vipul Goyal , Takashi Yamakawa

Weak coin flipping is a cryptographic primitive in which two mutually distrustful parties generate a shared random bit to agree on a winner via remote communication. While a stand-alone secure weak coin flipping protocol can be constructed…

Quantum Physics · Physics 2025-06-25 Jiawei Wu , Yanglin Hu , Akshay Bansal , Marco Tomamichel

There had been well known claims of unconditionally secure quantum protocols for bit commitment. However, we, and independently Mayers, showed that all proposed quantum bit commitment schemes are, in principle, insecure because the sender,…

Quantum Physics · Physics 2009-10-30 H. -K. Lo , H. F. Chau

In this article we show for the first time that quantum coin flipping with security guarantees that are strictly better than any classical protocol is possible to implement with current technology. Our protocol takes into account all…

Quantum Physics · Physics 2011-11-11 Anna Pappa , André Chailloux , Eleni Diamanti , Iordanis Kerenidis

Coin flipping is a fundamental cryptographic primitive that enables two distrustful and far apart parties to create a uniformly random bit [Blu81]. Quantum information allows for protocols in the information theoretic setting where no…

Quantum Physics · Physics 2009-04-10 André Chailloux , Iordanis Kerenidis

The no-cloning property of quantum mechanics allows unforgeability of quantum banknotes and credit cards. Quantum credit card protocols involve a bank, a client and a payment terminal, and their practical implementation typically relies on…

Quantum Physics · Physics 2019-02-28 Mathieu Bozzio , Eleni Diamanti , Frédéric Grosshans

We present a protocol for quantum cryptographic network consisting of a quantum network center and many users, in which any pair of parties with members chosen from the whole users on request can secure a quantum key distribution by help of…

Quantum Physics · Physics 2007-05-23 Sora Choi , Soojoon Lee , Dong Pyo Chi