Strategies for quantum races

TL;DR

This paper introduces a game-theoretic framework for quantum races, analyzing strategic behavior and equilibrium strategies in quantum competitions, with applications to quantum Bitcoin mining and blockchain stability.

Contribution

It develops a novel model of multiplayer quantum races, characterizes Nash equilibria, and applies findings to quantum Bitcoin mining strategies and collision probabilities.

Findings

Identifies approximate symmetric Nash equilibria in quantum races.

Characterizes equilibria in no-tie quantum race variants.

Suggests quantum mining strategies reduce collision risks in Bitcoin.

Abstract

We initiate the study of quantum races, games where two or more quantum computers compete to solve a computational problem. While the problem of dueling algorithms has been studied for classical deterministic algorithms, the quantum case presents additional sources of uncertainty for the players. The foremost among these is that players do not know if they have solved the problem until they measure their quantum state. This question of `when to measure?' presents a very interesting strategic problem. We develop a game-theoretic model of a multiplayer quantum race, and find an approximate Nash equilibrium where all players play the same strategy. In the two-party case, we further show that this strategy is nearly optimal in terms of payoff among all symmetric Nash equilibria. A key role in our analysis of quantum races is played by a more tractable version of the game where there is no payout on a tie; for such races we completely characterize the Nash equilibria in the two-party case. One application of our results is to the stability of the Bitcoin protocol when mining is done by quantum computers. Bitcoin mining is a race to solve a computational search problem, with the winner gaining the right to create a new block. Our results inform the strategies that eventual quantum miners should use, and also indicate that the collision probability---the probability that two miners find a new block at the same time---would not be too high in the case of quantum miners. Such collisions are undesirable as they lead to forking of the Bitcoin blockchain.