Practical Decoy State for Quantum Key Distribution
  Decoy states have recently been proposed as a useful method for substantially improving the performance of quantum key distribution. Here, we present a general theory of the decoy state protocol based on only two decoy states and one signal state. We perform optimization on the choice of intensities of the two decoy states and the signal state. Our result shows that a decoy state protocol with only two types of decoy states--the vacuum and a weak decoy state--asymptotically approaches the theoretical limit of the most general type of decoy state protocols (with an infinite number of decoy states). We also present a one-decoy-state protocol. Moreover, we provide estimations on the effects of statistical fluctuations and suggest that, even for long distance (larger than 100km) QKD, our two-decoy-state protocol can be implemented with only a few hours of experimental data. In conclusion, decoy state quantum key distribution is highly practical. 
X. Ma, B. Qi, Y. Zhao and H.-K. Lo (Center for Quantum Information &   Quantum Control, University of Toronto)