Blockchain based Secure Crypto-currency system with Quantum Key Distribution Protocol

Abstract

A block chain is referred to as a growing list of records which are linked using cryptography. It is simple and open ledger that records all the transactions in block structures. These block structures are bound with each other by using Quantum Cryptographic protocols. The block chain is democratic system in which concerned parties get access by using a key to perform transaction. The well-known type of Quantum Cryptography protocol is Quantum Key Distribution (QKD). With the help of QKD our Crypto-currency system is secured when passage in between transmitting end and receiving end shouldn't be intrude by third party. Secrecy of the system depends upon different factors like efficient and optimized key rate, secure carrier of modulating signal. In this work the transparency and immunity of block chain based crypto-currency system is analyzed with simulation of six state QKD Protocol. The generation of key rate is observed to ensure the path for production of better crypto-currency system. A Mathematical model is used to obtain the desire constraints so that linear relationship can be achieved. At application level this study contributes to the implementation of crypto-currency system through six state QKD protocol.