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This article discusses the implementation of programmable money on DLT-based CBDCs. After briefly introducing what programmable money is, we enumerate some initiatives worldwide and discuss the critical steps for implementation. We look at…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-02-21 Arlindo F. da Conceição , Roman Vitenberg

Quantum cryptography is the art and science of exploiting quantum mechanical effects in order to perform cryptographic tasks. While the most well-known example of this discipline is quantum key distribution (QKD), there exist many other…

Quantum Physics · Physics 2023-04-04 Anne Broadbent , Christian Schaffner

In recent years, quantum computers and Shor quantum algorithm have posed a threat to current mainstream asymmetric cryptography methods (e.g. RSA and Elliptic Curve Cryptography (ECC)). Therefore, it is necessary to construct a Post-Quantum…

Cryptography and Security · Computer Science 2024-02-27 Abel C. H. Chen

In contemporary cryptographic systems, secret keys are usually exchanged by means of methods, which suffer from mathematical and technology inherent drawbacks. That could lead to unnoticed complete compromise of cryptographic systems,…

Quantum Physics · Physics 2009-04-28 Solange Ghernaouti-Helie , Igli Tashi , Thomas Laenger , Christian Monyk

Ever since its inception, cryptography has been caught in a vicious circle: Cryptographers keep inventing methods to hide information, and cryptanalysts break them, prompting cryptographers to invent even more sophisticated encryption…

Quantum Physics · Physics 2023-06-14 Renato Renner , Ramona Wolf

In a quantum money scheme, a bank can issue money that users cannot counterfeit. Similar to bills of paper money, most quantum money schemes assign a unique serial number to each money state, thus potentially compromising the privacy of the…

Quantum Physics · Physics 2024-11-26 Amit Behera , Or Sattath

While cryptocurrencies have been rapidly gaining adoption, secure wallet interactions are still elusive for many users, which frequently leads to loss of funds. Here we propose an approach to securing interactions with cryptocurrency…

Cryptography and Security · Computer Science 2023-04-17 Gennady Medvinsky , Ben Livshits

Blockchain is one of the most discussed and highly accepted technologies, primarily due to its application in almost every field where third parties are needed for trust. Blockchain technology relies on distributed consensus for trust,…

Cryptography and Security · Computer Science 2022-02-02 Arman Rasoodl Faridi , Faraz Masood , Ali Haider Thabet Shamsan , Mohammad Luqman , Monir Yahya Salmony

In August 2015 the cryptographic world was shaken by a sudden and surprising announcement by the US National Security Agency NSA concerning plans to transition to post-quantum algorithms. Since this announcement post-quantum cryptography…

Cryptography and Security · Computer Science 2017-12-21 Jean-Charles Faug`ere , Kelsey Horan , Delaram Kahrobaei , Marc Kaplan , Elham Kashefi , Ludovic Perret

Quantum algorithms can break factoring and discrete logarithm based cryptography and weaken symmetric cryptography and hash functions. In order to estimate the real-world impact of these attacks, apart from tracking the development of…

Quantum Physics · Physics 2019-02-11 Vlad Gheorghiu , Michele Mosca

Cryptography literally means "The art & science of secret writing & sending a message between two parties in such a way that its contents cannot be understood by someone other than the intended recipient". and Quantum word is related with…

Networking and Internet Architecture · Computer Science 2010-07-15 Aditya Goel

Blockchain transactions are signed by private keys. Secure key storage and tamper-proof computers are essential requirements for deploying a trusted infrastructure. In this paper, we identify some threats against blockchain wallets and…

Cryptography and Security · Computer Science 2023-03-31 Pascal Urien

With rising cyberattack frequency and range, Quantum Computing companies, institutions and research groups may become targets of nation-state actors, cybercriminals and hacktivists for sabotage, espionage and fiscal motivations as the…

Quantum Physics · Physics 2021-10-29 Natalie Kilber , Daniel Kaestle , Stefan Wagner

The development of large quantum computers will have dire consequences for cryptography. Most of the symmetric and asymmetric cryptographic algorithms are vulnerable to quantum algorithms. Grover's search algorithm gives a square root time…

Cryptography and Security · Computer Science 2022-02-08 Ritik Bavdekar , Eashan Jayant Chopde , Ashutosh Bhatia , Kamlesh Tiwari , Sandeep Joshua Daniel , Atul

Quantum money allows a bank to mint quantum money states that can later be verified and cannot be forged. Usually, this requires a quantum communication infrastructure to transfer quantum states between the user and the bank. Gavinsky (CCC…

Quantum Physics · Physics 2020-10-21 Roy Radian , Or Sattath

Since the introduction of Bitcoin in 2008, many other cryptocurrencies have been introduced and gained popularity. Lack of interoperability and scalability amongst these cryptocurrencies was and still is, acting as a significant impediment…

Cryptography and Security · Computer Science 2019-02-13 Mahdi H. Miraz , David C. Donald

The National Institute of Standards and Technology (NIST) has finalized the selection of post-quantum cryptographic (PQC) algorithms for use in the era of quantum computing. Despite their integration into TLS protocol for key establishment…

Cryptography and Security · Computer Science 2024-09-10 Ben Dong , Qian Wang

This document constitutes a response to a Consultation Paper published by the Bank of England and HM Treasury, "The digital pound: a new form of money for households and businesses?", the latest document in a series that includes "Central…

Computers and Society · Computer Science 2023-06-09 Geoffrey Goodell

Digital currencies and cryptocurrencies have hesitantly started to penetrate the investors, and the next step will be the regulatory risk management framework. We examine the Value-at-Risk and Expected Shortfall properties for the major…

Risk Management · Quantitative Finance 2017-08-31 Stavros Stavroyiannis

Quantum money is a cryptographic protocol in which a mint can produce a quantum state, no one else can copy the state, and anyone (with a quantum computer) can verify that the state came from the mint. We present a concrete quantum money…

Quantum Physics · Physics 2010-04-30 Edward Farhi , David Gosset , Avinatan Hassidim , Andrew Lutomirski , Peter Shor