Related papers: Quantum Money Generated by Multiple Untrustworthy …
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…
The concept of quantum money (QM) was proposed by Wiesner in the 1970s. Its main advantage is that every attempt to copy QM unavoidably leads to imperfect counterfeits. In the Wiesner's protocol, quantum banknotes need to be delivered to…
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…
The no-cloning theorem can be used as a basis for quantum money constructions which guarantee unconditionally unforgeable currency. Existing schemes, however, either (i) require long-term quantum memory and quantum communication between the…
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 money represents an innovative approach to currency by encoding economic value within the quantum states of physical systems, utilizing the principles of quantum mechanics to enhance security, integrity, and transferability. This…
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 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…
Coin flipping is a cryptographic primitive in which two distrustful parties wish to generate a random bit in order to choose between two alternatives. This task is impossible to realize when it relies solely on the asynchronous exchange of…
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…
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…
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…
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 computers can solve specific problems that are not feasible on "classical" hardware. Harvesting the speed-up provided by quantum computers therefore has the potential to change any industry which uses computation, including finance.…
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…
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…
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…
We propose the concept of pseudorandom states and study their constructions, properties, and applications. Under the assumption that quantum-secure one-way functions exist, we present concrete and efficient constructions of pseudorandom…
Wiesner's quantum money [5] is a simple, information-theoretically secure quantum cryptographic protocol. In his protocol, a mint issues quantum bills and anyone can query the mint to authenticate a bill. If the mint returns bogus bills…
Digital currencies primarily operate online, but there is growing interest in enabling offline transactions to improve digital inclusion. Existing offline methods struggle with double-spending risks, often limiting transaction amounts. In…