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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 Physics · Physics 2026-03-16 Fabrizio Genovese , Lev Stambler

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…

The construction of public key quantum money based on standard cryptographic assumptions is a longstanding open question. Here we introduce franchised quantum money, an alternative form of quantum money that is easier to construct.…

Cryptography and Security · Computer Science 2021-10-20 Bhaskar Roberts , Mark Zhandry

We put forward the idea that classical blockchains and smart contracts are potentially useful primitives not only for classical cryptography, but for quantum cryptography as well. Abstractly, a smart contract is a functionality that allows…

Quantum Physics · Physics 2020-07-22 Andrea Coladangelo , Or Sattath

Digital wallet as a software program or a digital device allows users to conduct various transactions. Hot and cold digital wallets are considered as two types of this wallet. Digital wallets need an online connection fall into the first…

Cryptography and Security · Computer Science 2023-03-24 Ehsan Nowroozi , Seyedsadra Seyedshoari , Yassine Mekdad , Erkay Savas , Mauro Conti

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

Forty years ago, Wiesner pointed out that quantum mechanics raises the striking possibility of money that cannot be counterfeited according to the laws of physics. We propose the first quantum money scheme that is (1) public-key, meaning…

Quantum Physics · Physics 2012-09-18 Scott Aaronson , Paul Christiano

Central Bank Digital Currency (CBDC) is an emerging trend in digital payments, with the vast majority of central banks around the world researching, piloting, or even operating a digital version of cash. While design choices differ broadly,…

Cryptography and Security · Computer Science 2024-03-19 Lars Hupel , Makan Rafiee

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

Central Bank Digital Currency (CBDC) is a novel form of money that could be issued and regulated by central banks, offering benefits such as programmability, security, and privacy. However, the design of a CBDC system presents numerous…

Computers and Society · Computer Science 2026-03-03 Ryan Bowler , Geoffrey Goodell , Joe Revans , Gabriel Bizama , Chris Speed

Blockchain is a distributed database which is cryptographically protected against malicious modifications. While promising for a wide range of applications, current blockchain platforms rely on digital signatures, which are vulnerable to…

E-commerce in today's conditions has the highest dependence on network infrastructure of banking. However, when the possibility of communicating with the Banking network is not provided, business activities will suffer. This paper proposes…

Computational Engineering, Finance, and Science · Computer Science 2010-11-02 Majid Taghiloo , Mohammad Ali Agheli , Mohammad Reza Rezaeinezhad

Bitcoin is a digital currency and payment system based on classical cryptographic technologies which works without a central administrator such as in traditional currencies. It has long been questioned what the impact of quantum computing…

Quantum Physics · Physics 2018-01-10 Louis Tessler , Tim Byrnes

The emergence of quantum computing presents profound challenges to existing cryptographic infrastructures, whilst the development of central bank digital currencies (CBDCs) has raised concerns regarding privacy preservation and excessive…

Emerging Technologies · Computer Science 2025-07-21 Serhan W. Bahar

Blockchain is a decentralized system that allows transaction transmission and storage according to the roles of the Consensus algorithm and Smart contracts. Non-fungible tokens (NFTs) consolidate the best characteristics of blockchain…

Cryptography and Security · Computer Science 2022-09-07 Subhash Shankar Pandey , Tadasha Dash , Prasanta K. Panigrahi , Ahmed Farouk

Public-key quantum money is a cryptographic proposal for using highly entangled quantum states as currency that is publicly verifiable yet resistant to counterfeiting due to the laws of physics. Despite significant interest, constructing…

Quantum Physics · Physics 2023-01-24 Prabhanjan Ananth , Zihan Hu , Henry Yuen

Data centers are nowadays referred to as the digital world's cornerstone. Quantum key distribution (QKD) is a method that solves the problem of distributing cryptographic keys between two entities, with the security rooted in the laws of…

Quantum Physics · Physics 2023-07-26 Nitin Jain , Ulrich Hoff , Marco Gambetta , Jesper Rodenberg , Tobias Gehring

Quantum correlations between two particles show non-classical properties which can be used for providing secure transmission of information. We present a quantum cryptographic system, in which users store particles in quantum memories kept…

Quantum Physics · Physics 2009-10-30 E. Biham , B Huttner , T Mor

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…

Two of the most important technological advancements currently underway are the advent of quantum technologies, and the transitioning of global financial systems towards cryptographic assets, notably blockchain-based cryptocurrencies and…

Pricing of Securities · Quantitative Finance 2021-02-02 Peter P. Rohde , Vijay Mohan , Sinclair Davidson , Chris Berg , Darcy Allen , Gavin K. Brennen , Jason Potts