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November 1, 2019· 2019 IEEE CHILEAN Conference on Electrical, Electronics Engineering, Information and Communication Technologies (CHILECON)
conference-paper

Description of Processes of Blockchain and Cryptocurrency with Quantum Mechanics Theory

Abstract

One of the crucial cornerstone in cryptocurrency is the ability to generate random sequences and aleatory numbers with a null chance that any eavesdropper could extract information about the one-to-one transactions. Under the assumption that the Quantum Mechanics transition probability is perceived as a fully blockchain operation, random sequences are generated as a tool to protect transactions entirely based on Bitcoins. We test the algorithm with integer-order Bessel functions inside of a full blockchain-based algorithm. Simulations have demonstrated the reliability of a simple model of blockchain in the order of 75.

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