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We introduce a private quantum money scheme with the note verification procedure based on Sampling Matching, a problem in the one-way communication complexity model introduced by Kumar et al.[Nature Communications 10, Article number: 4152].…

Quantum Physics · Physics 2019-11-22 Niraj Kumar

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…

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

In the 1970s, Wiesner introduced the concept of quantum money, where quantum states generated according to specific rules function as currency. These states circulate among users with quantum resources through quantum channels or…

Quantum Physics · Physics 2024-07-17 Yichi Zhang , Siyuan Jin , Yuhan Huang , Bei Zeng , Qiming Shao

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…

In this work we present a publicly verifiable quantum money protocol which assumes close to no quantum computational capabilities. We rely on one-time memories which in turn can be built from quantum conjugate coding and hardware-based…

Quantum Physics · Physics 2026-03-16 Fabrizio Genovese , Lev Stambler

Publicly verifiable quantum money is a protocol for the preparation of quantum states that can be efficiently verified by any party for authenticity but is computationally infeasible to counterfeit. We develop a cryptographic scheme for…

Quantum Physics · Physics 2022-09-01 Andrey Boris Khesin , Jonathan Z. Lu , Peter W. Shor

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

We present a quantum token scheme in which the token is a quantum state that ensures secure authentication or payment. In our approach, rooted in Wiesner's quantum money concept, a token is encoded in a multi-qubit state generated by a…

Quantum Physics · Physics 2026-05-21 Yannick Strocka , Mohamed Belhassen , Tim Schröder , Gregor Pieplow

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

Performing complex cryptographic tasks will be an essential element in future quantum communication networks. These tasks are based on a handful of fundamental primitives, such as coin flipping, where two distrustful parties wish to agree…

Public-key quantum money is a cryptographic proposal for using highly entangled quantum states as currency that is publicly verifiable yet resistant to counterfeiting due to the laws of physics. Despite significant interest, constructing…

Quantum Physics · Physics 2023-01-24 Prabhanjan Ananth , Zihan Hu , Henry Yuen

Recently, quantum computing experiments have for the first time exceeded the capability of classical computers to perform certain computations -- a milestone termed "quantum computational advantage." However, verifying the output of the…

Quantum Physics · Physics 2023-09-13 Gregory D. Kahanamoku-Meyer

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

We present an analysis of Wiesner's quantum money scheme, as well as some natural generalizations of it, based on semidefinite programming. For Wiesner's original scheme, it is determined that the optimal probability for a counterfeiter to…

Quantum Physics · Physics 2012-02-20 Abel Molina , Thomas Vidick , John Watrous

Quantum computers are expected to offer substantial speedups over their classical counterparts and to solve problems that are intractable for classical computers. Beyond such practical significance, the concept of quantum computation opens…

Quantum Physics · Physics 2014-11-13 Stefanie Barz , Joseph F. Fitzsimons , Elham Kashefi , Philip Walther

Quantum money is the task of verifying the validity of banknotes while ensuring that they cannot be counterfeited. Public-key quantum money allows anyone to perform verification, while the private-key setting restricts the ability to verify…

Quantum Physics · Physics 2025-04-09 Peter Yuen

We implement an experiment on a photonic quantum processor establishing efficacy of the elementary quantum system in classical information storage. The advantage is established by considering a class of simple bipartite games played with…

Methods of quantum mechanics promise information-theoretic security for various protocols in cryptography. However, impossibility of some cryptographic applications such as standard bit commitment, oblivious transfer, multiparty secure…

Quantum Physics · Physics 2015-08-03 Muhammad Nadeem

Research on quantum technology spans multiple disciplines: physics, computer science, engineering, and mathematics. The objective of this manuscript is to provide an accessible introduction to this emerging field for economists that is…

General Economics · Economics 2021-10-11 Isaiah Hull , Or Sattath , Eleni Diamanti , Göran Wendin