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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

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…

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 Physics · Physics 2025-10-22 Dmytro Gavinsky , Dar Gilboa , Siddhartha Jain , Dmitri Maslov , Jarrod R. McClean

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

Quantum Cryptography is a rapidly developing field of research that benefits from the properties of Quantum Mechanics in performing cryptographic tasks. Quantum walks are a powerful model for quantum computation and very promising for…

Quantum Physics · Physics 2016-02-04 C. Vlachou , J. Rodrigues , P. Mateus , N. Paunković , A. Souto

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 coin flipping (QCF) is an essential primitive for quantum cryptography. Unconditionally secure strong QCF with an arbitrarily small bias was widely believed to be impossible. But basing on a problem which cannot be solved without…

Quantum Physics · Physics 2023-07-25 Guang Ping He

Publicly verifiable delegation is a well-known problem involving a user who wishes to outsource a resource-intensive computational task to a more powerful but potentially untrusted server such that any other party is able to efficiently…

Cryptography and Security · Computer Science 2026-04-28 Ameer Mohammed , Aydin Abadi , Jaffer Mahdi

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

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

We give a construction of public key quantum money, and even a strengthened version called quantum lightning, from abelian group actions, which can in turn be constructed from suitable isogenies over elliptic curves. We prove security in…

Quantum Physics · Physics 2025-08-27 Mark Zhandry

Recent developments make the possibility of achieving scalable quantum networks and quantum devices closer. From the computational point of view these emerging technologies become relevant when they are no longer classically simulatable.…

Quantum Physics · Physics 2017-03-09 Elham Kashefi , Petros Wallden

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

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

Traceable signatures (Kiayas et al., EUROCRYPT 2004) is an anonymous digital signature system that extends the tracing power of the opening authority in group signatures. There are many known constructions of traceable signatures, but all…

Cryptography and Security · Computer Science 2025-10-29 Nam Tran , Khoa Nguyen , Dongxi Liu , Josef Pieprzyk , Willy Susilo

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

Quantum computers promise to efficiently solve not only problems believed to be intractable for classical computers, but also problems for which verifying the solution is also considered intractable. This raises the question of how one can…

Quantum Physics · Physics 2018-07-10 Alexandru Gheorghiu , Theodoros Kapourniotis , Elham Kashefi

A secure quantum identification system combining a classical identification procedure and quantum key distribution is proposed. Each identification sequence is always used just once and new sequences are ``refuelled'' from a shared provably…

Quantum Physics · Physics 2009-10-31 Miloslav Dusek , Ondrej Haderka , Martin Hendrych , Robert Myska

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