Addressing The Quantum Threat: The Quantum Resistant Ledger

The Quantum Resistant Ledger (QRL) is a visionary blockchain and digital asset security solution designed to counter the emerging threat of quantum computing. With quantum technology advancing and traditional blockchains at risk, QRL offers an industrial-grade, quantum computer-resistant cryptocurrency since 2018. The impact of quantum computing on existing blockchains like Bitcoin and Ethereum is concerning due to vulnerabilities in their addressing schemes. QRL addresses this by providing a purpose-built, secure platform that remains resilient against quantum threats. Explore the roadmap of QRL's development from its inception with quantum-safe code in 2016 to the release of its fully-featured mainnet in 2018 and beyond.

• Blockchain Security
• Quantum Computing
• Cryptocurrency
• Digital Assets
• Quantum Resistant Ledger

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Uploaded on Jul 15, 2024 | 3 Views

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1. The Quantum Resistant Ledger The Quantum Resistant Ledger Visionary Blockchain and Digital Asset Security

2. The Quantum Resistant Ledger The Quantum Resistant Ledger Visionary blockchain and digital asset security What is the QRL? What is the QRL? A purpose built, industrial-grade, provably secure quantum computer resistant cryptocurrency running since 2018.

3. THE QUANTUM THREAT THE QUANTUM THREAT Seven out of the top ten tech giants are either publicly competing for market dominance or involved in some capacity. The Quantum Threat (Y2Q) is recognised by industry leaders likeIBM, Google, Microsoft, Intel, and others. This amount of active funding by corporate and governmental entities indicate that quantum computing is rapidly moving out of the lab and into the competitive sectors. For existing blockchains, this will not be a simple drop-in replacement or fork because the underlying addressing scheme is vulnerable. NIST has initiated a process to solicit, evaluate, and standardize quantum safe cryptography. NSA is identifying areas that aren t post- quantum secure. Google is currently testing quantum cryptography that you can enable in your browser. Many companies are already offering QaaS (Quantum as a Service) which allows anyone to rent quantum computer access in the cloud. The brightest minds in the world are working on solutions to the Quantum Threat problem.

4. THE IMPACT ON BLOCKCHAIN THE IMPACT ON BLOCKCHAIN This threat impacts Bitcoin, Ethereum, Dogecoin, and 99%+ of other Cryptocurrencies. Why won't a fork or a software upgrade fix existing blockchains? Blockchains are immutable, meaning that in many cases, vulnerable public addresses are written to the ledger for all to view. The reason for this is so that each node can verify the validity of each transaction. Past updates which are far simplerin nature have easily taken close to 5 years to update.An address migration will be necessary, which can take several more years, may not be possible in all cases, and may not work for all users. With and industry of trillions on the line, if there is even a 1% chanceof quantum technology disrupting cryptography and blockchain, the risk is too high. This is a problem, considering expert opinions see a 30% chanceof cryptographic disruption in the next five years. The time to update & migrate might already be too late for many blockchains.

5. ROADMAP ROADMAP Current Features Current Features 2016 2016 Comes with everything you d expect from a layer- 1 blockchain. First quantum safe code released. 2017 2017 Wide platform coverage for wallets including browser, desktop, mobile, and hardware wallets (ledger). Developers are treated to a great ecosystem of example code, documentation, and rich APIs. Always prepared for the future with crypto- agility, allowing for seamless upgrades to systems underlying wallet transactions. Whitepaper with a working testnet. 2018 2018 After two years of testing and multiple external audits, a full featured mainnet was released. 2019 2019- -future future With experience of building a pioneering blockchain, several protocol improvements and research to build out next generation Proof-of- Stakeand smart contracts is underway. And done so in a way that other blockchains struggle to do.

6. THE QRL CONTRIBUTORS THE QRL CONTRIBUTORS We are a dedicated team of code developers, PhD post-quantum cryptographers, and engineering professionals who created the first industrial- grade, provably quantum-secure cryptocurrency using an NIST-recommended addressing scheme. Together, along with support of many key contributors,a total of 12,339 contributions between 57 contributorsover 85 repositories have been made, with more being made each day.

7. COMMUNITY COMMUNITY 3.3k 3.3k 1.8k 1.8k The QRL community and contributors are comprised of compassionate quantum optimistic, forwarding-thinking professionals of various backgrounds from around the globe. 16.3k 16.3k 800 800 800 800 57 57

8. QUESTIONS? QUESTIONS? Have any questions or would like to learn more? We would love to hear from you. Let's talk! Press inquiries Press inquiries press@theqrl.org General inquiries General inquiries Social Social Support requests Support requests info@theqrl.org Discord: https://www.discord.gg/qrl support@theqrl.org Reddit: https://www.reddit.com/r/qrl Website Website Twitter: https://twitter.com/QRLedger https://www.theqrl.org/ YouTube: https://youtube.com/c/QRLedger Markets Markets https://www.theqrl.org/markets/

9. REFERENCES AND LINKS REFERENCES AND LINKS COMMERCIAL ENTITIES: IBM https://www.ibm.com/quantum-computing/ Google https://quantumai.google/ Microsoft https://www.microsoft.com/en-us/research/research-area/quantum-computing GOVERNMENT ENTITIES: Intel https://www.intel.com/content/www/us/en/research/quantum-computing.html NIST https://csrc.nist.gov/news/2016/public-key-post-quantum-cryptographic-algorithms MEDIA: No! You can't just Quantum Soft fork Bitcoin! Or can you ??? https://www.youtube.com/watch?v=cbP2ejgSxcA