The Quantum Resistant Ledger Raises $4.16 Million in Cryptocurrency for Post-Quantum Enabled Blockchain

With quantum computing on the horizon and capable of hacking 50% of blockchain accounts, QRL is designed to be a high security, resilient & long-term option against classical and quantum computing attacks. Nearly $100 billion dollars are stored in cryptocurrencies. QRL is the the bridge into a post-quantum blockchain era with a peer-to-peer network, focused on high value transactions and storage, secured through economic incentives to network participants.

Press Release (ePRNews.com) - VALLEJO, Calif. & WEST MIDLANDS, England - Jun 20, 2017 - The QRL (Quantum Resistant Ledger), is the first public blockchain technology to offer longevity and stability through the mitigation of quantum computing attacks. After raising over $4 million dollars during its early crowdsale, QRL launched ERC20 tokens for contributors upon request. ERC20 tokens are the standard protocol for tokens or cryptocurrency to function on the Ethereum network. This is a short-term interim choice prior to the launch of QRL’s independent enterprise grade blockchain protocol and network.

52 Million tokens were offered in the early crowdsale and crowdsale. This is also known as an ICO (initial coin offering). However, due to dedicated support and exceeding the cap, the public crowdsale was canceled. Thus, each token was purchased at approximately 8 cents. After listing on Bittrex and Liqui, they have shown an exchange value of 60 cents to 2 dollars USD.

According to the founder, Dr. Peter Waterland, a lot of the support for this project comes from a few unique value propositions.
1) Use of stateful XMSS signatures to secure addresses
2) Custom hash-based POS algorithm generating randomness using hash-based PRF and iterative keyed hash-chain
3) The Ephemeral messaging layer with anonymous completely private post-quantum secure end-to-end data channels

With a few articles surfacing about quantum secure blockchains, QRL is proud to be the first and only public blockchain solution usable upon standard computing equipment.

According to the UX developer on the team and co-founder, Dr. JP Lomas, there are more exciting team developments to be announced. One of the upcoming events is the participation of the team in Blue Yard Capital’s and Google Quantum AI Lab’s exclusive Quantum Leap conference on the commercialization of Quantum technologies. In addition, Jomari Peterson the Strategy and Operations co-founder plans to roll out the detailed development roadmap within the next week for a late September launch with the aid of post quantum cryptographer Leon Groot Bruinderink and blockchain solution architect Michael Kolenbrander.

Some of the QRL’s major milestones include the implementation of a Proof of Stake consensus mechanism to confirm transactions and reward honest nodes, programmable apps or smart contracts, unique digital identification, proof of ownership with digital asset transactions and governance algorithms for voting and polling on the network.

Source : The Quantum Resistant Ledger
SHARE :  
Business Info :
Quantum Resistant Ledger

You may also like this  

Login

Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or Signup using Email

Already have an account ? Login

Reset Password

Already have an account ? Login

DISCLAIMER

If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/ services/ business mentioned and hereby disclaims any content contained in this press release.