Implementing a Quantum Coin Scheme

TL;DR

This paper discusses the implementation methods of a quantum coin scheme that leverages quantum computing to enhance digital cash security and functionality.

Contribution

It details the methods for implementing a quantum coin scheme, including conversion processes between classical and quantum information.

Findings

Methods for creating quantum coins described

Conversion techniques between classical and quantum bits explained

Implementation steps for quantum coin verification outlined

Abstract

Quantum computing has the power to break current cryptographic systems, disrupting online banking, shopping, data storage and communications. Quantum computing also has the power to support stronger more resistant technologies. In this paper, we describe a digital cash scheme created by Dmitry Gavinsky, which utilises the capability of quantum computing. We contribute by setting out the methods for implementing this scheme. For both the creation and verification of quantum coins we convert the algebraic steps into computing steps. As part of this, we describe the methods used to convert information stored on classical bits to information stored on quantum bits.