Quantum Resistant Ledger

Quantum Resistant Ledger

QRL
$0.305603376%-2.63

Key Metrics

Price$0.305603376
Real Volume (24H)$277,526.78
Marketcap$20,761,828.49
Fully Diluted ValuationN/A
ATH$3.87
ATH Date1/9/2018, 3:00:00 AM
ATL$0.04161056
ATL Date3/16/2020, 2:42:45 PM
Circulating Supply77M
Total Supply105M
WebsiteN/A
WhitepaperN/A
Popularity Rank1014
Chart
What is Quantum Resistant Ledger?

Quantum Resistant Ledger (QRL) is a blockchain platform that utilizes the eXtended Merkle Tree Signature Scheme (XMSS) to secure its platform. XMSS is a secure digital signature scheme that is used to secure the QRL platform against the quantum computing advances of tomorrow. The platform is externally audited and is considered to be an enterprise-grade blockchain platform.

According to the whitepaper, there is a looming threat to blockchains from quantum computing. Many blockchains and cryptocurrency ledgers depend on the same technology to generate digital signatures and to verify transactions securely. The most commonly used signature schemes such as Digital Signature Algorithm (DSA), Elliptic curve digital signature algorithm (ECDSA), and RSA cryptography are theoretically susceptible to quantum computing attacks. Thus, the construction and design of a quantum-resistant blockchain ledger counter the possible start of nonlinear quantum computing in advance. The QRL platform aims to do so by using hash-based digital signatures that are resistant to classical and quantum computing attacks.

Some notable features of the QRL blockchain include:

  1. Visionary Security: The QRL platform aims to use the Internet Engineering Task Force (IETF) specified XMSS, a hash-based, forward-secure signature scheme with minimal security assumptions and reusable addresses.
  2. Secure Digital Assets: The QRL digital asset is protected against current and upcoming cryptographic threats. The platform's suite of protocols aims to provide various options for the safe custody of QRL digital assets and interaction with the public and private post-quantum secure blockchains built on the core protocol.
  3. Enabling Post-Quantum Secure Communications: The QRL platform seeks to offer a post-quantum secure message layer for safe digital communications by merging on-chain lattice key storage with the platform's transient messaging layer to internode communication.
  4. Broad Integration and Diverse Ecosystem: The platform is strongly integrated with hardware digital asset storage solutions and open-source, open development architecture, audited cryptography, and a rich application programming interface (API) experience for developers. This aims to make the platform a robust enterprise-grade solution.
  5. Developer-Friendly: The platform aims to offer extensive documentation, tools, and a rich API that allows developers to build anything on an industrial-grade platform that will survive tomorrow.
  6. User-Oriented: The QRL platform aims to offer a full suite of end-user products designed with the end-user in mind.

The QRL platform uses a native token called the Quantum (plural quanta) as the base currency unit. Each quantum is further divisible into smaller units, and the token can be used as a medium of exchange on the platform. Each transaction can be levied a fee which can be given to miners as rewards.

The whitepaper for Quantum Resistant Ledger was released in October 2016, and QRL follows a fixed upper limit to the coin supply of 105 X 106 quanta. The team behind the Quantum Resistant Ledger includes founders and developers Peter Waterland and Kaushal Kumar Singh, with JP Lomas and Jack Matier serving as core developers. The team is composed of other skilled members who play an important role in the development of the platform.

In conclusion, Quantum Resistant Ledger is a unique blockchain platform that aims to safeguard against quantum computing advances that threaten many blockchains and cryptocurrency ledgers. The QRL platform utilizes hash-based digital signatures resistant to classical and quantum computing attacks, which are a critical feature that sets it apart from other blockchain platforms. With its visionary security, secure digital assets, enabling post-quantum secure communications, broad integration, and diverse ecosystem, developer-friendly, and user-oriented features, QRL is a robust enterprise-grade blockchain platform that provides.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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