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qBitcoin: A Peer-to-Peer Quantum Cash System

Kazuki Ikeda

Papers from arXiv.org

Abstract: 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 prevents from the owner of the coin keeping the original coin data even after sending the coin to another. This was a main problem in a classical circuit and a blockchain was introduced to solve this issue. In qBitcoin, the double-spending problem never happens and its security is guaranteed theoretically by virtue of quantum information theory. Making a block is time consuming and the system of qBitcoin is based on a quantum chain, instead of blocks. Therefore a payment can be completed much faster than Bitcoin. Moreover we employ quantum digital signature so that it naturally inherits properties of peer-to-peer (P2P) cash system as originally proposed in Bitcoin.

Date: 2017-08, Revised 2017-11
New Economics Papers: this item is included in nep-ban, nep-ict and nep-pay
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Published in Proceedings of the 2018 Computing Conference

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