Category Archives: Quantum crypto-economics

New paper: Proof-of-work consensus by quantum sampling

Our new paper on using boson-sampling as a basis for distributed blockchain consensus algorithms is available here.

Abstract: Since its advent in 2011, boson-sampling has been a preferred candidate for demonstrating quantum advantage because of its simplicity and near-term requirements compared to other quantum algorithms. We propose to use a variant, called coarse-grained boson-sampling (CGBS), as a quantum Proof-of-Work (PoW) scheme for blockchain consensus. The users perform boson-sampling using input states that depend on the current block information, and commit their samples to the network. Afterward, CGBS strategies are determined which can be used to both validate samples and to reward successful miners. By combining rewards to miners committing honest samples together with penalties to miners committing dishonest samples, a Nash equilibrium is found that incentivizes honest nodes. The scheme works for both Fock state boson sampling and Gaussian boson sampling and provides dramatic speedup and energy savings relative to computation by classical hardware.