Traditional continuous variable teleportation can only approach unit fidelity in the limit of an infinite (and unphysical) amount of squeezing. We describe a new method for continuous variable teleportation that approaches unit fidelity with finite r
esources. The protocol is not based on squeezed states as in traditional teleportation but on an ensemble of single photon entangled states. We characterize the teleportation scheme with coherent states, Schrodinger cat states and two-mode squeezed state and we find several situations in which near-unity teleportation fidelity can be obtained with modest resources.
We devise a scheme that protects quantum coherent states of light from probabilistic losses, thus achieving the first continuous-variable quantum erasure-correcting code. If the occurrence of erasures can be probed, then the decoder enables, in princ
iple, a perfect recovery of the original light states. Otherwise, if supplemented with postselection based on homodyne detection, this code can be turned into an efficient erasure-filtration scheme. The experimental feasibility of the proposed protocol is carefully addressed.
