Quantum Resistant Ledger: A future-proof blockchain technology platform

Quantum data processing is a rapidly emerging technology that channels the laws of quantum mechanics to solve complex problems, impossible for classical computers to code. Over time, the rise of quantum computers has overpowered traditional computers and marked a milestone in the development of quantum computers.

However, some research institutes have predicted that the continuous increase in quantum superiority will slowly and steadily catch up with the blockchain area. In order to protect blockchain technology against quantum data attacks, there was therefore a need for quantum-secure blockchain technology.

Fortunately, the second quarter of 2018 witnessed the launch of Quantum Resistant Ledger (QRL). It took two years of thorough development, several third-party revisions and the first post-quantum enterprise-class blockchain with the XMSS signature scheme to launch QRL.

What is Quantum Resistant Ledger (QRL)?

The Quantum-resistant general ledger (QRL) is a complete quantum-resistant blockchain network. The former is a reliable blockchain platform secured by XMSS. XMSS is a NIST-approved, hash-based secure digital signature scheme, which makes the platform resistant to quantum attacks. A development ecosystem and a range of applications complement the platform’s security.

The comprehensive mix of different aspects enables users to build their blockchain applications using the quantum-resistant network. In addition to securing the network against the inevitable traditional and quantum data processing, QRL also has the potential for a black swan event. It quickly and irreversibly promotes technology without immediate warning.

Key features

There are many features related to the QRL network that provide a tool-based platform for developers and users:

• • Secure digital assets: The general ledger provides secure digital assets to users, and avoids current and new cryptographic threats. The suite of applications guarantees a number of options for secure storage of QRL digital assets. The former also enables interactions with public and private post-quantum blockchain built on the platform’s core protocol.
  • Post-quantum secure communication: The general ledger combines key storage on the chain with the strong temporary message layer for internode communication. It is a first of its kind post-quantum secure messaging layer for extremely secure virtual communication.
  • Wide integration and diverse ecosystem: QRL delivers strong integration accompanied by a pioneer in digital hardware storage solutions to its users. In addition, it has an open development infrastructure and revised and open source cryptographic algorithms. The platform delivers a rich API experience for developers, making QRL a healthy enterprise solution.
  • Idealistic security: QRL is the first industrial implementation using IETF-specified XMSS. The latter allows users to secure current and future attacks using quantum computers. XMSS is a hash-based, secure signature form with minimal security requirements and reusable addresses in accordance with NIST authentication.
  • Developer-oriented: The platform is built-in, with comprehensive tools, documentation and a rich API, which allows the tools to build anything on a network of industrial quality for today and tomorrow. Features such as Quantum Resistant Token (QRT) support, on-chain message support, etc. result in QRL being a developer-friendly platform.
  • User friendly: The platform is a complete series of products, designed with the end user in mind. The former meets a number of user requirements, from integrations with hardware wallets to mobile applications. The QRL download page has products for desktops, such as Windows, Mac and Linux, for mobile applications, including iOS and Android, and the browser.

Quantum-proof cryptography

There are many IT sectors and operational technology systems based on public key encryption. Cryptographic algorithms are mathematical functions that transform data using a key to protect information. QRL is a NIST (National Institute of Standards and Technology) approved quantum cryptography.

The cryptography enables the platform to test post-quantum cryptographic algorithms with their software. In addition, it allows the QRL to determine whether information security outweighs the loss of efficiency before a federally imposed transition. NSIT authentication helps QRL to understand the effect of post-quantum cryptography on network performance and behavior.

Quantity currency

Quantum currency is the scientific alternative to cryptocurrencies. It aims to replace central bank operations and enable precise and consistent integrity for the movement of funds. Quantum Resistant Ledger combines blockchain technology and quantum currency and provides a technology-based financial solution for users.

Quantum currency enables QRL for efficient data analysis, high security standards and improved customer experience. Ledger with quantum money has created a unique currency (QRL coins), impossible to clone, reproduce or copy.

Security audits

Red4sec, a business initiative formed by experts and security analysts with many years of experience in cybersecurity, is revising the QRL network. The rapid growth of technologies and the outsourcing of services from various firms increase the risk affecting secrecy, integrity and availability of information. Red4sec aims to offer information security solutions and protect organizations by reducing the risk caused by security vulnerabilities.

To carry out a secondary security audit, QRL signed an agreement with X41 D-Sec GmbH. The latter utilizes some of the specific expertise of X41, and covers the post-quantum cryptography portion of QRL. In addition, it helps platforms deal with vulnerabilities in products under development. In addition to identifying individual vulnerabilities, the X41 demonstrates ways to improve the product’s infrastructure in design and make it resilient even to future threats.

Last word

Quantum Resistant Ledger (QRL) marks the future of blockchain technology without worrying about quantum attacks. Wide integration, secure digital assets and post-quantum secure communications make QRL a highly secure one-of-a-kind blockchain platform.

The QRL coin has a circulating supply of 76,403,154.90 QRL coins with a supply cover of 105,000,000 QRL coins. The project follows its vision of providing users with similar features as Bitcoin and Ethereum, while providing more equitable mining processes, high security and better betting algorithms. Quantum Resistant Ledger is a network that meets the needs of the current generation while meeting the requirements of future generations.

To know more about Quantum Resistant Ledger, please visit official website.

Disclaimer: This is a paid post and should not be treated as news / advice.