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Quantum key distribution (QKD) promises secure key agreement by using quantum mechanical systems. We argue that QKD will be an important part of future cryptographic infrastructures. It can provide long-term confidentiality for encrypted…

Quantum Physics · Physics 2010-01-25 Douglas Stebila , Michele Mosca , Norbert Lütkenhaus

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 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

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

Unknown quantum information cannot be perfectly copied (cloned). This statement is the bedrock of quantum technologies and quantum cryptography, including the seminal scheme of Wiesner's quantum money, which was the first…

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…

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

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 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

We propose a new idea for public key quantum money. In the abstract sense, our bills are encoded as a joint eigenstate of a fixed system of commuting unitary operators. We perform some basic analysis of this black box system and show that…

Quantum Physics · Physics 2022-10-06 Daniel M. Kane , Shahed Sharif , Alice Silverberg

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

A new cryptographic tool, anonymous quantum key technique, is introduced that leads to unconditionally secure key distribution and encryption schemes that can be readily implemented experimentally in a realistic environment. If quantum…

Quantum Physics · Physics 2007-05-23 Horace P. Yuen

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…

S-money [Proc. R. Soc. A 475, 20190170 (2019)] schemes define virtual tokens designed for networks with relativistic or other trusted signalling constraints. The tokens allow near-instant verification and guarantee unforgeability without…

Quantum Physics · Physics 2020-02-13 Adrian Kent , Damián Pitalúa-García

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

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

Quantum cryptography allows one to distribute a secret key between two remote parties using the fundamental principles of quantum mechanics. The well-known established paradigm for the quantum key distribution relies on the actual…

Quantum Physics · Physics 2015-05-13 Tae-Gon Noh

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

The concept of quantum tokens dates back alongside quantum cryptography to Stephen Wiesner's seminal work in 1983[1]. Already this initial work proposes society-relevant applications such as secure quantum banknotes, which can be exchanged…

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…