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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 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

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…

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

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

Quantum key distribution is widely thought to offer unconditional security in communication between two users. Unfortunately, a widely accepted proof of its security in the presence of source, device and channel noises has been missing.…

Quantum Physics · Physics 2009-10-31 Hoi-Kwong Lo , H. F. Chau

A quantum money scheme enables a trusted bank to provide untrusted users with verifiable quantum banknotes that cannot be forged. In this work, we report an experimental demonstration of the preparation and verification of unforgeable…

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

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

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

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

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

A central tenet of theoretical cryptography is the study of the minimal assumptions required to implement a given cryptographic primitive. One such primitive is the one-time memory (OTM), introduced by Goldwasser, Kalai, and Rothblum…

Quantum Physics · Physics 2020-06-15 Anne Broadbent , Sevag Gharibian , Hong-Sheng Zhou

We propose a quantum key distribution protocol with quantum based user authentication. Our protocol is the first one in which users can authenticate each other without previously shared secret and then securely distribute a key where the…

Quantum Physics · Physics 2007-05-23 Hwayean Lee , Jongin Lim , HyungJin Yang

Digital signatures are widely used to provide security for electronic communications, for example in financial transactions and electronic mail. Currently used classical digital signature schemes, however, only offer security relying on…

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

Owing to its fundamental principles, quantum theory holds the promise to enhance the security of modern cryptography, from message encryption to anonymous communication, digital signatures, online banking, leader election, one-time…

Quantum Physics · Physics 2025-12-22 Mathieu Bozzio , Claude Crépeau , Petros Wallden , Philip Walther

Quantum tokens are underlying primitives for quantum money and network proposals, which leverage the no-cloning theorem to realize unforgeable authentication. A relevant but overlooked type of attack to such architectures is a hacker that…

Quantum Physics · Physics 2026-05-06 Lucas Tsunaki , Boris Naydenov

Forty years ago, Wiesner proposed using quantum states to create money that is physically impossible to counterfeit, something that cannot be done in the classical world. However, Wiesner's scheme required a central bank to verify the…

Quantum Physics · Physics 2016-11-15 Scott Aaronson

Quantum Digital Signatures (QDS) allow for the exchange of messages from one sender to multiple recipients, with the guarantee that messages cannot be forged or tampered with. Additionally, messages cannot be repudiated -- if one recipient…

Quantum Physics · Physics 2014-02-04 Verdan Dunjko , Petros Wallden , Erika Andersson