  It is a standard result in the theory of quantum error-correcting codes that
no code of length n can fix more than n/4 arbitrary errors, regardless of the
dimension of the coding and encoded Hilbert spaces. However, this bound only
applies to codes which recover the message exactly. Naively, one might expect
that correcting errors to very high fidelity would only allow small violations
of this bound. This intuition is incorrect: in this paper we describe quantum
error-correcting codes capable of correcting up to (n-1)/2 arbitrary errors
with fidelity exponentially close to 1, at the price of increasing the size of
the registers (i.e., the coding alphabet). This demonstrates a sharp
distinction between exact and approximate quantum error correction. The codes
have the property that any $t$ components reveal no information about the
message, and so they can also be viewed as error-tolerant secret sharing
schemes.
  The construction has several interesting implications for cryptography and
quantum information theory. First, it suggests that secret sharing is a better
classical analogue to quantum error correction than is classical error
correction. Second, it highlights an error in a purported proof that verifiable
quantum secret sharing (VQSS) is impossible when the number of cheaters t is
n/4. More generally, the construction illustrates a difference between exact
and approximate requirements in quantum cryptography and (yet again) the
delicacy of security proofs and impossibility results in the quantum model.
