Quantum Resistant Ledger

QRL Price

About Quantum Resistant Ledger (QRL)

Quantum Resistant Ledger is a decentralized blockchain platform specifically engineered to secure digital assets and communications against the future threat of quantum computing attacks.

• Post-Quantum Security: It is the first industrial blockchain implementation to utilize eXtended Merkle Signature Scheme (XMSS), a hash-based digital signature scheme that is secure against both classical and quantum computer threats.
• NIST Compliance: The platform’s security architecture relies on XMSS, which is a signature scheme approved by the National Institute of Standards and Technology (NIST) for its resistance to quantum decryption.
• Comprehensive Ecosystem: Beyond its secure ledger, the project provides a suite of user-facing tools including desktop, mobile, and web wallets, along with hardware wallet integration for secure asset custody.

What Is Quantum Resistant Ledger

Quantum Resistant Ledger (QRL) is a Layer 1 blockchain designed to provide long-term stability and durability in an era where advancing quantum technology could potentially compromise traditional cryptographic methods used by Bitcoin and Ethereum. The core value proposition is "future-proofing" digital wealth by ensuring that the underlying signatures used to authorize transactions cannot be broken by powerful quantum processors.

Value moves through the system via the native QRL token, which is used to incentivize network participants and facilitate decentralized communication. The token is put to work through network security and transactional utility. Currently, the network utilizes a Proof of Work consensus mechanism where miners secure the ledger in exchange for block rewards. As the ecosystem grows, the project aims to scale its security through the development of post-quantum secure smart contracts and a transition to a Proof of Stake model, which would allow holders to participate directly in network validation.

What Makes Quantum Resistant Ledger Unique

• XMSS Implementation: Unlike most blockchains that rely on ECDSA or Ed25519 signatures—which are theoretically vulnerable to Shor's algorithm—QRL uses XMSS from the genesis block, ensuring no legacy addresses are exposed to quantum risk.
• Audited Cryptography: The platform's post-quantum cryptography library and core codebase have undergone multiple third-party security audits by firms such as Halborn, Red4Sec, and X41 D-Sec to validate its industrial-grade security.
• EnQlave Integration: The project developed EnQlave, a solution designed to bring QRL's post-quantum security features to the Ethereum platform, allowing users to secure Ethereum-based assets with quantum-resistant protection.
• Ephemeral Messaging Layer: QRL features a first-of-its-kind secure messaging layer that combines on-chain lattice key storage with ephemeral messaging to provide ultra-secure, post-quantum digital communications.

What Can You Use Quantum Resistant Ledger for?

• Secure Asset Custody: Users can hold and transfer QRL tokens using a variety of audited wallets, including full support for Ledger hardware devices, ensuring that their private keys are protected by quantum-resistant signatures.
• Network Security through Mining: Participants can contribute to the network's security by mining using the RandomX algorithm, earning QRL tokens as compensation for providing computational power to the decentralized ledger.
• Document Notarization: The platform supports post-quantum document notarization, allowing users to create immutable, time-stamped proofs of digital documents that remain verifiable even in a post-quantum environment.
• Protocol Service Fees: The native token is used to pay gas fees for all on-chain interactions, including standard transactions, message broadcasting, and token creation within the ecosystem.

How Does Quantum Resistant Ledger Work?

Quantum Resistant Ledger operates using a hash-based signature scheme called XMSS (eXtended Merkle Signature Scheme). Unlike traditional signatures that rely on the mathematical difficulty of factoring large numbers or solving discrete logarithms, XMSS relies on the security of cryptographic hash functions. This makes it "forward-secure," meaning that even if a future discovery compromises a specific key, previous signatures remain protected.

The network currently utilizes RandomX, a Proof of Work consensus mechanism that is optimized for general-purpose CPUs, preventing the centralization of mining power in specialized hardware. Every transaction on the ledger requires a small amount of gas fees paid in the native token to prevent spam and compensate the decentralized network of nodes for processing data. The project is actively developing a transition to a post-quantum secure Proof of Stake mechanism, which will replace computational mining with a system where validators are selected based on the tokens they hold and commit to the network's security.

Team Info and Investors

Quantum Resistant Ledger was founded by Peter Waterland, a researcher who identified the long-term vulnerability of existing blockchain signatures to quantum computing. The project is supported by the QRL Foundation, a non-profit entity dedicated to the research, development, and promotion of post-quantum secure blockchain technology. The development team is comprised of a global group of core blockchain developers, analysts, and security experts. While the project emphasizes its open-source and community-driven nature, its technical implementation has been verified through extensive external audits. The project has established partnerships with various research-focused organizations, including Geometry Labs, to advance the field of lattice-based and hash-based cryptography.

Where can you buy Quantum Resistant Ledger?

QRL tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Quantum Resistant Ledger is MEXC, where the most active trading pair QRL/USDT has a trading volume of $33,097.75 in the last 24 hours. Other popular options include Biconomy.com and Tapbit.

What is the daily trading volume of Quantum Resistant Ledger (QRL)?

The trading volume of Quantum Resistant Ledger (QRL) is $41,244.16 in the last 24 hours, representing a 57.60% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Quantum Resistant Ledger (QRL)?

Quantum Resistant Ledger (QRL) reached an all-time high of $3.87 and an all-time low of $0.04117. It’s now trading -75.10% below that peak and 2,236.40% above its lowest price.

What is the market cap of Quantum Resistant Ledger (QRL)?

Market capitalization of Quantum Resistant Ledger (QRL) is $75,403,565 and is ranked #319 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of QRL tokens (78 Million tokens are tradable on the market today).

What is the fully diluted valuation of Quantum Resistant Ledger (QRL)?

The fully diluted valuation (FDV) of Quantum Resistant Ledger (QRL) is $75,403,565. This is a statistical representation of the maximum market cap, assuming the maximum number of 110 Million QRL tokens are in circulation today. Depending on how the emission schedule of QRL tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Quantum Resistant Ledger compare against its peers?

With a price decline of -4.40% in the last 7 days, Quantum Resistant Ledger (QRL) is underperforming the global cryptocurrency market which is down -2.30%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -5.30%.