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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

A decentralized online quantum cash system, called qBitcoin, is given. We design the system which has great benefits of quantization in the following sense. Firstly, quantum teleportation technology is used for coin transaction, which…

General Finance · Quantitative Finance 2020-09-22 Kazuki Ikeda

A general class of authentication schemes for arbitrary quantum messages is proposed. The class is based on the use of sets of unitary quantum operations in both transmission and reception, and on appending a quantum tag to the quantum…

Quantum Physics · Physics 2015-06-26 Esther Perez , Marcos Curty , David J. Santos , Priscila Garcia-Fernandez

Quantum computing has the power to break current cryptographic systems, disrupting online banking, shopping, data storage and communications. Quantum computing also has the power to support stronger more resistant technologies. In this…

Quantum Physics · Physics 2020-11-17 Hazel Murray , Jerry Horgan , Joao F. Santos , David Malone , Harun Siljak

Quantum tokens envision to store unclonable quantum states in a physical device, with the goal of being used for personal authentication protocols, as required by banks. Still, the experimental realization of such devices faces many…

Smart contracts are cryptographic protocols that are enforced without a judiciary. Smart contracts are used occasionally in Bitcoin and are prevalent in Ethereum. Public quantum money improves upon cash we use today, yet the current…

Quantum Physics · Physics 2022-09-20 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

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

The discrete-time quantum walk (QW) has been extensively and intensively investigated for the last decade, whose coin operator is defined by a unitary matrix. We extend the QW to a walk determined by a unitary matrix whose component is…

Quantum Physics · Physics 2015-05-05 Norio Konno

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

We present and characterize advanced attacks on an ensemble-based quantum token protocol that allows for implementing non-clonable quantum coins. Multiple differently initialized tokens of identically prepared qubit ensembles are combined…

Quantum Physics · Physics 2026-05-06 Bernd Bauerhenne , Lucas Tsunaki , Jan Thieme , Boris Naydenov , Kilian Singer

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

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

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…

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

Public-key cryptosystems for quantum messages are considered from two aspects: public-key encryption and public-key authentication. Firstly, we propose a general construction of quantum public-key encryption scheme, and then construct an…

Quantum Physics · Physics 2012-05-11 Min Liang , Li Yang

Wiesner's unforgeable quantum money scheme is widely celebrated as the first quantum information application. Based on the no-cloning property of quantum mechanics, this scheme allows for the creation of credit cards used in authenticated…

The problem of security of quantum key protocols is examined. In addition to the distribution of classical keys, the problem of encrypting quantum data and the structure of the operators which perform quantum encryption is studied. It is…

Quantum Physics · Physics 2016-09-08 P. Oscar Boykin

We put forward the idea that classical blockchains and smart contracts are potentially useful primitives not only for classical cryptography, but for quantum cryptography as well. Abstractly, a smart contract is a functionality that allows…

Quantum Physics · Physics 2020-07-22 Andrea Coladangelo , Or Sattath

Public key quantum money can be seen as a version of the quantum no-cloning theorem that holds even when the quantum states can be verified by the adversary. In this work, investigate quantum lightning, a formalization of "collision-free…

Cryptography and Security · Computer Science 2017-11-16 Mark Zhandry