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Public verification of quantum money has been one of the central objects in quantum cryptography ever since Wiesner's pioneering idea of using quantum mechanics to construct banknotes against counterfeiting. So far, we do not know any…

Cryptography and Security · Computer Science 2023-01-03 Jiahui Liu , Hart Montgomery , Mark Zhandry

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 the idea of a Quantum Cheque Scheme, a cryptographic protocol in which any legitimate client of a trusted bank can issue a cheque, that cannot be counterfeited or altered in anyway, and can be verified by a bank or any of its…

Quantum Physics · Physics 2022-10-20 Subhayan Roy Moulick , Prasanta K. Panigrahi

Quantum money is the cryptographic application of the quantum no-cloning theorem. It has recently been instantiated by Montgomery and Sharif (Asiacrypt '24) from class group actions on elliptic curves. In this work, we propose a concrete…

Cryptography and Security · Computer Science 2025-08-04 Hyeonhak Kim , Donghoe Heo , Seokhie Hong

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

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

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

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

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

Unforgeable quantum money tokens were the first invention of quantum information science, but remain technologically challenging as they require quantum memories and/or long distance quantum communication. More recently, virtual 'S-money'…

Quantum Physics · Physics 2022-04-08 Adrian Kent , David Lowndes , Damián Pitalúa-García , John Rarity

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

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 investigate the security assumptions behind three public-key quantum money schemes. Aaronson and Christiano proposed a scheme based on hidden subspaces of the vector space $\mathbb{F}_2^n$ in 2012. It was conjectured by Pena et al in…

Quantum Physics · Physics 2022-11-01 Andriyan Bilyk , Javad Doliskani , Zhiyong Gong

The no-cloning theorem asserts that, unlike classical information, quantum information cannot be copied. This seemingly undesirable phenomenon is harnessed in quantum cryptography. Uncloneable cryptography studies settings in which the…

Quantum Physics · Physics 2022-10-27 Or Sattath

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

Recently, there are more and more organizations offering quantum-cloud services, where any client can access a quantum computer remotely through the internet. In the near future, these cloud servers may claim to offer quantum computing…

Quantum Physics · Physics 2021-05-20 Xi Chen , Bin Cheng , Zhaokai Li , Xinfang Nie , Nengkun Yu , Man-Hong Yung , Xinhua Peng

We propose an information-theoretically secure encryption scheme for classical messages with quantum ciphertexts that offers detection of eavesdropping attacks, and re-usability of the key in case no eavesdropping took place: the entire key…

Quantum Physics · Physics 2017-05-22 Serge Fehr , Louis Salvail

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

Financial crimes fast proliferation and sophistication require novel approaches that provide robust and effective solutions. This paper explores the potential of quantum algorithms in combating financial crimes. It highlights the advantages…

Machine Learning · Computer Science 2024-03-28 Abraham Itzhak Weinberg , Alessio Faccia

We show that a simple eavesdropper listening in on classical communication between potentially entangled quantum parties will eventually be able to impersonate any of the parties. Furthermore, the attack is efficient if one-way puzzles do…

Quantum Physics · Physics 2026-01-06 Luowen Qian , Mark Zhandry