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A proof of the security of the Bitcoin protocol is made rigorous, and simplified in certain parts. A computational model in which an adversary can delay transmission of blocks by time $\Delta$ is considered. The protocol is generalized to…

Cryptography and Security · Computer Science 2026-04-17 Christopher Blake , Chen Feng , Xuechao Wang , Qianyu Yu

Anonymity in Bitcoin, a peer-to-peer electronic currency system, is a complicated issue. Within the system, users are identified by public-keys only. An attacker wishing to de-anonymize its users will attempt to construct the one-to-many…

Physics and Society · Physics 2012-05-08 Fergal Reid , Martin Harrigan

With the emergence of Bitcoin and recently proposed stablecoins from BigTechs, such as Diem (formerly Libra), central banks face growing competition from private actors offering their own digital alternative to physical cash. We do not…

General Economics · Economics 2021-03-02 David Chaum , Christian Grothoff , Thomas Moser

The potential weakness of the Y-00 direct encryption protocol when the encryption box ENC in Y-00 is not chosen properly is demonstrated in a fast correlation attack by S. Donnet et al in Phys. Lett. A 35, 6 (2006) 406-410. In this paper,…

Quantum Physics · Physics 2017-12-14 Horace P. Yuen , Ranjith Nair

There had been well known claims of ``provably unbreakable'' quantum protocols for bit commitment and coin tossing. However, we, and independently Mayers, showed that all proposed quantum bit commitment (and therefore coin tossing) schemes…

Quantum Physics · Physics 2008-02-03 Hoi-Kwong Lo , H. F. Chau

Yeh et al. recently have proposed a mutual authentication protocol based on EPC Class-1 Gen.-2 standard [1]. They have claimed that their protocol is secure against adversarial attacks and also provides forward secrecy. In this paper we…

Cryptography and Security · Computer Science 2011-02-07 Mohammad Hassan Habibi , Mahmud Gardeshi , Mahdi R. Alaghband

Recently, Tsai et al. (Laser Phys. Lett. 17, 075202, 2020) proposed a lightweight authenticated semi-quantum key distribution protocol for a quantum participant to share a secret key with a classical participant. However, this study points…

Quantum Physics · Physics 2020-10-21 Jun Gu , Tzonelih Hwang

The McEliece public-key encryption scheme has become an interesting alternative to cryptosystems based on number-theoretical problems. Differently from RSA and ElGa- mal, McEliece PKC is not known to be broken by a quantum computer.…

Cryptography and Security · Computer Science 2012-06-04 Nico Döttling , Rafael Dowsley , Jörn Müller-Quade , Anderson C. A. Nascimento

With the rise of cryptocurrencies, many new applications built on decentralized blockchains have emerged. Blockchains are full-stack distributed systems where multiple sub-systems interact. While many deployed blockchains and decentralized…

Cryptography and Security · Computer Science 2025-12-16 Ivan Homoliak

Proof-of-stake blockchain protocols are becoming one of the most promising alternatives to the energy-consuming proof-of-work protocols. However, one particularly critical threat in the PoS setting is the well-known long-range attacks…

Cryptography and Security · Computer Science 2019-10-16 Xinyu Li , Jing Xu , Xiong Fan , Yuchen Wang , Zhenfeng Zhang

With blockchain technology, information is recorded in a permanent distributed ledger that is maintained by multiple computers in a peer-to-peer network. There is no central authority that can alter records or change network consensus…

Computers and Society · Computer Science 2019-12-02 A. J. Santos

We analyze the fundamental trade-off of secret key-based authentication systems in the presence of an eavesdropper for correlated Gaussian sources. A complete characterization of trade-off among secret-key, storage, and privacy-leakage…

Information Theory · Computer Science 2022-06-30 Vamoua Yachongka , Hideki Yagi , Yasutada Oohama

Most security proofs of quantum key distribution (QKD) assume that there is no unwanted information leakage about the state preparation process. However, this assumption is impossible to guarantee in practice, as QKD systems can leak…

Although Bitcoin in its original whitepaper stated that it offers anonymous transactions, de-anonymization techniques have found otherwise. Therefore, alternative cryptocurrencies, like Dash, Monero, and Zcash, were developed to provide…

Cryptography and Security · Computer Science 2019-02-21 George Kappos , Ania M. Piotrowska

Bitcoin provides freshness properties by forming a blockchain where each block is associated with its timestamp and the previous block. Due to these properties, the Bitcoin protocol is being used as a decentralized, trusted, and secure…

Cryptography and Security · Computer Science 2018-05-21 Pawel Szalachowski

We analyze the security and reliability of a recently proposed class of public-key cryptosystems against attacks by unauthorized parties who have acquired partial knowledge of one or more of the private key components and/or of the…

Disordered Systems and Neural Networks · Physics 2009-11-10 N. S. Skantzos , D. Saad , Y. Kabashima

Numerous electronic cash schemes have been proposed over the years - however none have been embraced by financial institutions as an alternative to fiat currency. David Chaum's ecash scheme was the closest to something that mimicked a…

Cryptography and Security · Computer Science 2021-05-11 Hitesh Tewari

The use of codes defined by sparse characteristic matrices, like QC-LDPC and QC-MDPC codes, has become an established solution to design secure and efficient code-based public-key encryption schemes, as also witnessed by the ongoing NIST…

Cryptography and Security · Computer Science 2022-05-26 Marco Baldi , Franco Chiaraluce , Paolo Santini

Security proofs of quantum key distribution (QKD) typically assume that the devices of the legitimate users are perfectly shielded from the eavesdropper. This assumption is, however, very hard to meet in practice, and thus the security of…

Quantum Physics · Physics 2018-09-05 Weilong Wang , Kiyoshi Tamaki , Marcos Curty

In this paper, we make a case that endogenous tokens such as cryptoassets are not money. First, we define and classify tokens found on public, permissionless ledgers, contrasting them with privately issued stablecoins and proposed CBDC…

Cryptography and Security · Computer Science 2026-05-18 Alex Lynham , Geoffrey Goodell