Quantum Resistant Ledger, a blockchain platform for secure digital assets

Blockchain networks implement a variety of technologies, from their basic block creation and data storage to the product that a recipient receives. For this long algorithmic process, security is a necessary concern to ensure the integrity and proper functioning of data.

Since the launch of quantum data technology, complex data calculations have become easier. However, many technology networks experienced security and data storage issues with threats to quantum encryption. Therefore, most experts keep an eye on post-quantum cryptographic algorithms to solve security issues.

In this context, the blockchain platform Quantum Resistant Ledger (QRL) plays an important role in defending the security issues associated with quantum technology.

What is Quantum Resistant Ledger (QRL)?

Quantum Resistant Ledger (QRL) is a first of its kind, post-quantum value store and decentralized communications layer that proactively tackles the threat of advanced quantum computers. This cryptocurrency book is secured by XMSS, a National Institute of Standards and Technology (NIST) -approved post-quantum digital signature scheme. QRL has 785 active nodes globally.

To note, the platform is the first industrial implementation to use XMSS. The IETF-specified XMSS is a hash-based, secure sign-in form with minimal security requirements and reusable addresses.

Securing digital assets with QRL

QRL digital assets are secured against current and growing cryptographic threats. This blockchain platform provides a range of solutions for secure storage of QRL digital assets. The solutions also allow interaction with public and private post-quantum secure blockchains built on their core protocol.

It is essential that QRL uses hash-based digital signatures that are impermeable to classical and quantum data attacks.

Quantum-resistant signatures and hash-based digital signatures

Many important cryptographic systems are considered quantum resistant, including hashish-based cryptography, lattice-based cryptography, code-based cryptography, etc. With their long key size, all of these systems are designed to withstand both classic and computer attacks.

Hash-based digital signature schemes exist with minimal security requirements that depend on the security of a one-way cryptographic hash function. To elaborate, this scheme takes a message, ‘m’, and sends out a hash summary, ‘h’ of fixed length, ‘n’.

Features available with QRL

• Ledger-wide post-quantum (PQ) security
• Reusable addresses
• Quantum Resistant Token (QRT) support.
• Message support in the chain (80 bytes)
• PQ document notarization
• Keybase ID integration
• Full-featured API
• Possibility of multisignature wallet

There are also other features that are still under development:

• PQ proof-of-effort consensus
• Easy to secure smart contracts
• Short-term message exchange using Dilithium and Cyber
• Extends QRL technology to secure other digital assets

Important development initiatives for QRL

QRL is one visionary blockchain with digital asset security as a significant factor. After being built from the ground up with post-quantum security, QRL went through two years of testing and several external audits. This was before the release of the main network.

Ledger platform crypto-agility and expandable address format is another important development since its launch. Following the introduction and solidification of variable key heights and signature spaces, QRL can ensure future compatibility. There is an option for the platform to upgrade signature forms such as XMSS, SPHINCS, Falcon, etc. These schemes will be upgraded via an address format update and support various cryptographic hash functions.

Also, QRL supports one complete multi-platform wallet. The QRL wallet is available on desktop, mobile, hardware and browser. Another significant growth is weighted threshold multisignature transactions. Here, advanced multi-sig addresses and transactions allow a wide range of custody scenarios for secure asset management.

The Ephemeral messaging system (EMS) is an end-to-end quantum-proof messaging system for distributing data using Dilithium and Cyber. This feature will be expanded in the future, to a globally decentralized network along with the QRL blockchain.

In the meantime, have file notarization QRL technology can prevent fraud through the use of quantum-proof notarization, which is easily accessible through a clean user interface.

Current market trend for QRL

Along with the plunge in the global crypto market, the price of QRL also went down. At the time of writing, QRL is trading at $ 0.1702, down 3.67% over the last 24 hours. The coin has a market value of $ 12,861,899 and a market volume of $ 18,520, which is down 3.04% and 16.54%, respectively.

Since July 3, however, the price of QRL indicates an upward trend. If the coin crosses the support level of $ 0.167, a good increase is expected. Importantly, the crypto market and BTC price trends will also affect the QRL price trends.

To summarize, Quantum Resistant Ledger protects digital assets from threats and hacks, obtained from quantum data processing. This computing has evolved with a wide range of features that simplify the complex operations seen on ordinary computers. But fraudulent players scrap data using quantum computers and pose threats to network security. This is where QRL distributes its general ledger blockchain features to counter these threats.

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