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Public-key quantum money is a cryptographic protocol in which a bank can create quantum states which anyone can verify but no one except possibly the bank can clone or forge. There are no secure public-key quantum money schemes in the…

We propose and construct a quantum money scheme that allows verification through classical communication with a bank. This is the first demonstration that a secure quantum money scheme exists that does not require quantum communication for…

Quantum Physics · Physics 2022-03-30 Dmytro Gavinsky

Quantum money is a cryptographic protocol in which a mint can produce a quantum state, no one else can copy the state, and anyone (with a quantum computer) can verify that the state came from the mint. We present a concrete quantum money…

Quantum Physics · Physics 2010-04-30 Edward Farhi , David Gosset , Avinatan Hassidim , Andrew Lutomirski , Peter Shor

A digital currency is money in a digital form. In this model, maintaining integrity of the supply is a core concern, therefore protections against double-spending are often at the heart of a secure digital money scheme. Quantum money…

Quantum Physics · Physics 2024-08-09 Anne Broadbent , Raza Ali Kazmi , Cyrus Minwalla

Publicly-verifiable quantum money has been a central and challenging goal in quantum cryptography. To this day, no constructions exist based on standard assumptions. In this study, we propose an alternative notion called quantum cheques…

Quantum Physics · Physics 2024-04-19 Mohammed Barhoush , Louis Salvail

One of the earliest cryptographic applications of quantum information was to create quantum digital cash that could not be counterfeited. In this paper, we describe a new type of quantum money: quantum coins, where all coins of the same…

Quantum Physics · Physics 2010-09-07 Michele Mosca , Douglas Stebila

Quantum money represents an innovative approach to currency by encoding economic value within the quantum states of physical systems, utilizing the principles of quantum mechanics to enhance security, integrity, and transferability. This…

Quantum Physics · Physics 2025-07-15 Artur Czerwinski

In a quantum money scheme, a bank can issue money that users cannot counterfeit. Similar to bills of paper money, most quantum money schemes assign a unique serial number to each money state, thus potentially compromising the privacy of the…

Quantum Physics · Physics 2024-11-26 Amit Behera , Or Sattath

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

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

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

The construction of public key quantum money based on standard cryptographic assumptions is a longstanding open question. Here we introduce franchised quantum money, an alternative form of quantum money that is easier to construct.…

Cryptography and Security · Computer Science 2021-10-20 Bhaskar Roberts , Mark Zhandry

The digital currency Bitcoin has had remarkable growth since it was first proposed in 2008. Its distributed nature allows currency transactions without a central authority by using cryptographic methods and a data structure called the…

Quantum Physics · Physics 2020-09-28 Jonathan Jogenfors

Quantum Key Exchange (QKE, also known as Quantum Key Distribution or QKD) allows communicating parties to securely establish cryptographic keys. It is a well-established fact that all QKE protocols require that the parties have access to an…

Quantum Physics · Physics 2009-08-11 Kenneth G. Paterson , Fred Piper , Ruediger Schack

Digital payments have replaced physical banknotes in many aspects of our daily lives. Similarly to banknotes, they should be easy to use, unique, tamper-resistant and untraceable, but additionally withstand digital attackers and data…

Quantum money allows a bank to mint quantum money states that can later be verified and cannot be forged. Usually, this requires a quantum communication infrastructure to transfer quantum states between the user and the bank. Gavinsky (CCC…

Quantum Physics · Physics 2020-10-21 Roy Radian , Or Sattath

Forty years ago, Wiesner pointed out that quantum mechanics raises the striking possibility of money that cannot be counterfeited according to the laws of physics. We propose the first quantum money scheme that is (1) public-key, meaning…

Quantum Physics · Physics 2012-09-18 Scott Aaronson , Paul Christiano

Quantum coin flipping (QCF) is an essential primitive for quantum cryptography. Unconditionally secure strong QCF with an arbitrarily small bias was widely believed to be impossible. But basing on a problem which cannot be solved without…

Quantum Physics · Physics 2023-07-25 Guang Ping He

We propose a quantum authentication protocol that is robust against the theft of secret keys. In the protocol, disposable quantum passwords prevent impersonation attacks with stolen secret keys. The protocol also prevents the leakage of…

Quantum Physics · Physics 2008-06-09 Masahiro Hotta , Masanao Ozawa

Digital signatures are widely used in modern communication to guarantee authenticity and transferability of messages, The security of currently used classical schemes relies on computational assumptions. We present a quantum signature…

Quantum Physics · Physics 2016-10-06 Ryan Amiri , Petros Wallden , Adrian Kent , Erika Andersson
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