The invention relates to a Quantum Key Distribution system comprising a transmitter 300 and a receiver 400 for exchanging a quantum key via a quantum channel 600 through a decoy-state three state protocol wherein the transmitter comprises a transmitter processing unit 340 adapted to use random numbers from a quantum random generator to select a quantum state to encode from different states of intensity and basis, a Pulsed light source 310 adapted to generate an optical pulse, a time-bin interferometer 320 through which the generated optical pulse passes and which transforms generated optical pulse into two coherent pulses separated by the time bin duration, a single intensity modulator 360 adapted to change the intensity of the two pulses individually according to the choice made by the transmitter processing unit 340, and a variable optical attenuator 370 adapted to reduce the overall signal intensity to the optimum photon number per pulse.