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Due to recent development in quantum computing, the invention of a large quantum computer is no longer a distant future. Quantum computing severely threatens modern cryptography, as the hard mathematical problems beneath classic public-key…

Cryptography and Security · Computer Science 2024-02-01 Tao Liu , Gowri Ramachandran , Raja Jurdak

Blockchain and its application on cryptocurrency transactions have gathered a lot of attention and popularity since the birth of the pioneer Bitcoin in 2009. More than 1500 cryptocurrencies are currently circulated in the market. The…

Computers and Society · Computer Science 2019-01-21 Gourang Aggarwal , Vimal Patel , Gaurav Varshney , Kimberly Oostman

Cryptography plays a pivotal role in safeguarding sensitive information and facilitating secure communication. Classical cryptography relies on mathematical computations, whereas quantum cryptography operates on the principles of quantum…

Cryptography and Security · Computer Science 2024-03-31 Tanmay Tripathi , Abhinav Awasthi , Shaurya Pratap Singh , Atul Chaturvedi

Bitcoin is a popular digital currency for online payments, realized as a decentralized peer-to-peer electronic cash system. Bitcoin keeps a ledger of all transactions; the majority of the participants decides on the correct ledger. Since…

Logic in Computer Science · Computer Science 2015-11-16 Kaylash Chaudhary , Ansgar Fehnker , Jaco van de Pol , Marielle Stoelinga

Bitcoin brings a new type of digital currency that does not rely on a central system to maintain transactions. By benefiting from the concept of decentralized ledger, users who do not know or trust each other can still conduct transactions…

Cryptography and Security · Computer Science 2019-09-17 Zhimin Gao , Lei Xu , Keshav Kasichainula , Lin Chen , Bogdan Carbunar , Weidong Shi

This paper highlights the necessity to use modern blockchain technology in traditional banking sector to reduce frauds and enable high-security transactions on a permanent blockchain ledger. Reviewing different channels through which the…

Cryptography and Security · Computer Science 2022-06-10 Rishav Kumar

Today, financial institutions (FIs) store and share consumers' financial data for various reasons such as offering loans, processing payments, and protecting against fraud and financial crime. Such sharing of sensitive data have been…

Cryptography and Security · Computer Science 2023-06-21 Panagiotis Chatzigiannis , Wanyun Catherine Gu , Srinivasan Raghuraman , Peter Rindal , Mahdi Zamani

Quantum cryptography has been recently extended to continuous variable systems, e.g., the bosonic modes of the electromagnetic field. In particular, several cryptographic protocols have been proposed and experimentally implemented using…

Quantum Physics · Physics 2008-12-03 Stefano Pirandola , Stefano Mancini , Seth Lloyd , Samuel L. Braunstein

Differential cryptanalysis is one of the most popular methods in attacking block ciphers. However, there still some limitations in traditional differential cryptanalysis. On the other hand, researches of quantum algorithms have made great…

Quantum Physics · Physics 2015-12-01 Hong-Wei Li , Li Yang

In this work, the conventional cryptographic algorithms used in the 5G Core are replaced with post-quantum alternatives and the practical impact of this transition is evaluated. Using a simulation environment, we model the registration and…

In the UK, the Bank of England and HM Treasury are exploring a potential UK retail CBDC, the digital pound, with one of their motivations being the potential role of the digital pound as an anchor for monetary and financial stability. In…

General Economics · Economics 2024-09-30 Lee Braine , Shreepad Shukla , Piyush Agrawal

This comprehensive survey deliberated over the security of electronic payment systems. In our research, we focused on either dominant systems or new attempts and innovations to improve the level of security of the electronic payment…

Cryptography and Security · Computer Science 2017-01-18 Siamak Solat

Digital identity is shifting from service- and network-centric approaches toward user-centric ones that promise users increased control over their data. Despite their decentralised design, such approaches often reintroduce centralised…

Cryptography and Security · Computer Science 2026-03-18 Ioannis Konstantinidis , Ioannis Mavridis , Evangelos K. Markakis

In this paper we revisit some major orthodoxies which lie at the heart of the bitcoin crypto currency and its numerous clones. In particular we look at The Longest Chain Rule, the monetary supply policies and the exact mechanisms which…

Cryptography and Security · Computer Science 2014-12-11 Nicolas T. Courtois

Cryptocurrencies, especially Bitcoin (BTC), which comprise a new digital asset class, have drawn extraordinary worldwide attention. The characteristics of the cryptocurrency/BTC include a high level of speculation, extreme volatility and…

Statistical Finance · Quantitative Finance 2020-09-24 Ai Jun Hou , Weining Wang , Cathy Y. H. Chen , Wolfgang Karl Härdle

As a disruptive technology, blockchain, particularly its original form of bitcoin as a type of digital currency, has attracted great attentions. The innovative distributed decision making and security mechanism lay the technical foundation…

Cryptography and Security · Computer Science 2018-12-21 Ameer Tamoor Khan , Xinwei Cao , Shuai Li

Digital currencies represent a new method for exchange and investment that differs strongly from any other fiat money seen throughout history. A digital currency makes it possible to perform all financial transactions without the…

Computers and Society · Computer Science 2015-03-11 Xianyi Gao , Gradeigh D. Clark , Janne Lindqvist

The development and implementation of post-quantum cryptosystems have become a pressing issue in the design of secure computing systems, as general quantum computers have become more feasible in the last two years. In this work, we…

Cryptography and Security · Computer Science 2019-03-12 Lake Bu , Rashmi Agrawal , Hai Cheng , Michel A. Kinsy

The rise of quantum computing threatens traditional cryptographic algorithms that secure Transportation Cyber-Physical Systems (TCPS). Shor's algorithm poses a significant threat to RSA and ECC, while Grover's algorithm reduces the security…

Cryptography and Security · Computer Science 2024-11-21 Abdullah Al Mamun , Akid Abrar , Mizanur Rahman , M Sabbir Salek , Mashrur Chowdhury

Digital-Analog Quantum Computation (DAQC) has recently been proposed as an alternative to the standard paradigm of digital quantum computation. DAQC creates entanglement through a continuous or analog evolution of the whole device, rather…

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