Google researchers, in collaboration with the University of Texas at Austin and the Czech Academy of Sciences, have introduced a theoretical framework for quantum money that could potentially replace blockchain technology. This system utilizes the quantum no-cloning theorem to ensure the uniqueness and security of digital currency, making it inherently unforgeable. Unlike blockchain's reliance on a distributed ledger, quantum money's security is based on its physical properties. However, the concept remains theoretical, requiring advanced quantum computing capabilities that are not yet available. The study, titled 'Anonymous Quantum Tokens with Classical Verification,' presents a novel approach to digital security through unreplicable quantum tokens.
Google Researchers Propose Quantum Money as Blockchain Alternative
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