Reddit Posts
Assessing the potential impact of Quantum computing on Blockchain/Crypto 📖
The "Paid News" project based on the QRL blockchain
Quantum computing and crypto developments
Is Quantum Computing a Threat to the Security of Cryptocurrency?
Are these Cryptocurrencies Quantum Secure? | QRL, Mochimo, IOTA, Cardano
First Quantumcurrency ever made - The Quantum Resistant Ledger- QRL
First Quantumcurrency ever made - The Quantum Resistant Ledger (QRL)
Techniques for efficient post-quantum finance (Part 1: digital signatures)
Interesting move from a post-quantum-secure crypto named QRL
It's time to think about what threat Quantum Computers have agains crypto
Will Ethereum 2.0 be safe against Quantum Computers or will there be another update that takes years for that in the future?
Will Ethereum 2.0 be safe against Quantum computers and what about other coins?
Mentions
If you knew about non-kyc exchanges, you could have simply sent some btc to those exchanges and swapped for xrp instead. I did that for QRL recently.
Thankfully there is the Quantum Resistant Ledger (QRL).
QRL is my top pick, people are figuring out that quantum isn't as far off as they thought, maybe HBAR and Monero I keep hearing about but haven't looked into them BTC def the top pick if there's another rally though. A good strong wind could 3x it I think, but I don't know if we will catch that wind.
Bitcoin of course. Some new... relatively...maybe QRL or Solx...
Quantum Resistant Ledger (QRL). Thank me later.
According to IanSmith the only Quantum Resistant Coins are QRL, CELL and MCM. He looks at the source code and wallet encryption algorithms. ABEL incorporated a MetaMask wallet extension. QANX is still a layer 2 and is not open source e.g. "Trust me bro!" undergoing an audit...just like tether. We will see alot of scams coins in the future claiming to be Quantum Resistant but aren't trying to capitalize and bamboozle the public on the QC Narrative. CKB and ALGO still aren't QC resistant to Ian.
I don't understand why QRL isn't pumping right now. DWave certainly is. Everyone in crypto seems to be pretending that their encryption is safe when most of it isn't.
QRL - Quantum Resistant Ledger
I really don't see the point rn as this is all in the past but if you insist... end of 2021 I had my first successful NFT launch with a company that brought in about 2mil from the sale, needless to say I had a nice payout from them as a dev and quit my day job. I was investing in all kinds of stuff. I think those drip tokens were popular at the time and I told everyone they were a sham (which they ended up being) because there's no way that 80% of the shitcoin being held could keep generating 1-5% per day unless something fishy was happening. Couple months later after playing in DeFi for a bit I noticed the general trend line from November was slowly tumbling and had done some research on all the cycles before that. Everyone on the internet seemed to be spouting this HODL nonsense and the news kept making BTC predictions extending to 2040 based off data from the current cycle. Over three months though the prices of everything was steadily going down so I bounced and started selling to safeguard my money (which I had to pay 40% SP income tax on) on top of just pulling what I needed to pay taxes and bills. Tried to warn said NFT ceo and community that Eth should be at the very least converted to USDC so that community funds wouldn't be lost. The CEO actually agreed with me but the community was FUDding the idea claiming any attempt to convert funds in the community wallet they were watching was a scam indication. Needless to say over the next 6 months they lost all the value of the community fund, co-op jobs with that community stopped coming in, and the market was pretty much ded. Then of course tether, FTX, and all that crap happened, in alignment with previous cycles it seems. Big company always seems to go down on the downward side. Mates and I were trying to time the bottom so we could start buying in again, money was getting harder to find so I was scraping by with dev jobs here and there but ended up losing most of the money I had pulled out for bills and paying off some other debt. Still things going well. IIRC 16000 for bitcoin we decided market had capitulated to the point we could start stacking again. My dev job downturned even more on "crypto is a scam" news so I spent about 6 months unemployed and my stack of eth dwindled a LOT. Got back on my feet at my current company and started stacking again as I could on the way back up. Friends were still holding some 4k eth they had bought but also were buying up the dip so they were getting positioned at least to take profits. Plus we made some money on memes and such with some good calls (Pepe and Pooh coin did well for us). There were a couple in the group that werent, but by the time BTC hit 60k I was still calling it a good buy and the stragglers hopped on. At 100k, look on my long chart, bitcoin is waffling again, started exiting my Eth and Btc positions around that time, little at a time b/c it could still go up, but sooner or later I expected to see a drawdown. Got tired of the sideways movement and yeeted. I don't remember the exact news for that one just not following the trendline. By mid-Feb this year I'm out of everything, because there hasn't been a big pump like previous cycles where there should be. I actually bought some at 80k again, just a little and expected to buy yesterday at 75k but obv that didn't happen, so I'm like screw it I'm up a lil bit and don't know what it's gonna do so dumped that this morning and took my little gains on it. Right now I'm basically waiting on a heavy draw-down, at least to 70k, and then start up the DCA machine again for a while and see if it zooms back up or dies down, but either way it'll be a little every week or two after that happens. If it does zoom up I'll watch that trend-line again and hopefully take profits before the lemmings jump off the cliff again. Also kinda waiting to see which huge bank or crypto company takes a dump either this year or next. I lied a little bit, I have been building up my QRL supply because I believe in the project, but I don't have a ton of money in there. I just like what they are doing so finally started dropping some coin on it.
the people working on the solutions are the QRL team, quantum safe for the last 5 years
It’s not as big of a threat to Bitcoin currently since you can take some simple steps to protect yourself from long exposure attacks by using a P2PKH or P2WPKH address type and avoiding address reuse. With these addresses types, an attacker would need a significantly more advanced quantum computer that’s able to crack keys within the time from when a transaction is broadcast until when it is mined. We have the time still to flesh out an ideal solution that will have minimal impact to blockchain size. In an emergency situation say if there was a quantum breakthrough tomorrow, it would be easy enough to implement a solution that would work, but is far from ideal. ECC depreciation isn’t recommended by NIST until 2030 still, and it’s likely we could see a soft fork for BIP-360 well before that, so there’s no point rushing out a solution now. Coins like QRL just exist to enrich their devs from FUD around quantum computing, which while quantum concerns are valid, there’s no reason to panic yet, especially when people are working on solutions.
upvoting because it's good conversation so, in that frame of mind... "bitcoin will be fine" seems a little premature of a thing to say don't you think? Especially with other cryptos putting the problem in the foreground and actually working on it right now rather than just pointing at a this-and-that BIP written a couple months ago? Bitcoin may well be fine when the time comes, but the problem is not solved, and the fact that they waited till 2024 to actually write this protocol without discussion of which NIST approved methodologies to use at all, well. It's sloppy. And lazy. QRL is just my opinion. Others are free to disagree, but when panic hits the masses it will be sudden and the response will be immediate. That's why banks and large web companies are working on and implementing solutions right now rather than sitting on it. The odd thing about breakthrus is nobody ever knows when or if they will hit. Maybe quantum will prove to be a dud, or it'll become a generational cash cow like fusion energy generation did (been 20 years out since the 1960s). The point is that some people would rather trust that it can be handled "when the time comes" while others say "there's no time like the present" and get things done.
quit your crying, buy some QRL, lol
Dunno. I already bought a shitload of QRL, no idea why other people haven’t caught on yet but I’m glad they didn’t.
QRL is leading the packing for sure
It’s clear this is the next major looming discussion in crypto, yet only few choose to acknowledge it. Well it’s happening whether the rest of the many like it or not 🤷♂️ I like to focus on companies and projects that are actively positioning themselves, and preparing for the inevitable threat. Have a feeling that: $QANX $QRL Will become major household names in the crypto space. I’m sure there are others that may emerge but these are the two I know of forsure with professional teams. 
If you're truly looking longterm there is no harm in hedging with a quantum secure cryptocurrency, because in 10 years time at most existing cryptography will be broken causing some serious pain points for cryptocurrencies that get caught with their pants down. For example even if bitcoin implements the year long+ upgrade to a secure algorithm existing wallets can be vulnerable depending on certain criteria and one of those is Satoshis wallet, so that alone would cause markets to change drastically. No harm imo having a small position in the only quantum resistant, up to NIST recommended cryptographic standards, the cryptocurrency QRL :3 This isn't spin, almost all other cryptocurrencies claiming quantum resistance have massive flaws that render any efforts implementing QR algorithms pointless due to weaknesses elsewhere.
I’d think $CELL and $QRL - primary because they are the two main quantum resistant crypto’s. Both spiked temporarily after the release of Willow (Google’s new quantum chip). I dont own either but have considered getting some
Ancient QRL hodl'ers praying so hard right now
No idea what's happened to that shitcoin now but quantum resistance was one of their marketing gimmicks and people who fell for this scam used to always hype up Winternitz. Come to think of it Iota, QRL, Elastos, Nebulas, Skycoin, Xtrabytes......all the shitcoins hyping up quantum resistance a few years ago are pretty much dead
Just want to put it out there. Right now there are only 4 Quantum resistant Blockchains: QRL, CELL ABEL & CKB 🔥
I was wondering why my old 2017 bag of QRL was suddenly pumping. 🤣🤣
Ah darn it! Too late to hop on the QRL's train. But it's worth to keep it on my watchlist, hopefully it'll correct. A fairly ambitious project given this week's news, whose founders have proven credentials. Might wait on the sidelines to put some money in. Yeah, you guys might read this as if I'm shilling this project. Better to shill this than any other projects with the name 420dogeshibaeloncum.
Quantum Resistant Ledger (QRL), you're welcome.
Oh so that's why my QRL (Quantum reistant Ledger) went up 170% yesterday..
Look into QRL to hedge for quantum break through
Quantum resistant crypto already exists, see Algo and QRL for example
tldr; QRL has announced the beta-testnet release of Project Zond, a next-generation network with EVM compatibility. This milestone marks a significant step in the revival of QRL's proof-of-stake protocol, offering blockchain developers the opportunity to experiment with smart contracts and develop dApps. Zond is designed to be quantum-safe, addressing future challenges posed by quantum computing. The network features a consensus client and an execution client, ensuring secure and efficient operations. The beta-testnet includes Web3 compatibility and aims to improve network functionality before the mainnet launch. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The Quantum debate has been raised a few times recently, firstly with the paper addressing how long it would take to upgrade BTC to a quantum secure state, the second being a hyperbolic release of a paper by Google regarding its new Willow chips for QC. Both these events should highlight the need to pay some attention to this looming obstacle on the horizon. It isn't a boogieman, its a very real threat to the entire ecosystem, and if anything needs to be QC resistant, its digital money and computing. The QRL team are not just in it for their own gain, they care about QC resistance across the entire ecosystem - here is a podcast with the authors of the recent Bitcoin upgrade paper - [https://www.youtube.com/watch?v=uyYbW1Yb\_to](https://www.youtube.com/watch?v=uyYbW1Yb_to) and here is a link to enQlave - [https://www.theqrl.org/features/enqlave/](https://www.theqrl.org/features/enqlave/) "EnQlave is an education initiative and ecosystem which brings **trustless on-chain post-quantum security** (the EnQlave wallet) and **cross-chain interoperability with QRL** (wQRL + DEX) to sufficiently scriptable and supported blockchains, starting with Ethereum" They are leading the charge in quantum initiatives and its highly important that we collectively keep this discussion going so that developers feel the pressure to act now and not get caught with their pants down.
So the claim that no Willow could "break" Algorand is false for now, there are other QC resistant cryptocurrencies that are fully NIST QC ready today, like QRL (Quantum Resistant Ledger) that has been operational for years, I do like how Algorand is setting a strong example though on how to upgrade existing networks to QC resistant algos and methodologies.
QRL, the only natively quantum proof cryptocurrency is up >100%, but most people aren't aware of it, nor the realistic threat of QC in the next 5 years. People like to pretend technology is slow but breaking encryption is a massive dangling carrot globally, it is being pursued intently by people with resources and brains way bigger than us. Google won't be the one to break encryption, it will be intelligence agencies across the world and well funded entities, or criminal orgs pumping everything they have into it. The first group to break current encryption will literally rule the world overnight, it's a massive deal.
I think it's safe to say it is, leading Quantum Proof cryptocurrencies just did a green dilly up while bitcoin did the opposite. QRL did +155% due to this, and likely will go higher when they add smart contracts in Q1 25
CELL and QRL mooning.
Interestingly QRL (Quantum Resistant Ledger) is pumping.
p sure it is. QRL is up 30%. That said, it looks like things are bouncing back again
I'm thinking it has something to do with the Google quantum chip news. Interestingly QRL (Quantum Resistant Ledger) is pumping.
It's your private/public key where the weakness lies. ECC is easily broken by quantum computing, which is why major business and government are already preparing. NIST has advised all systems to start preparing now. Check out Linux post quantum computing association. Nvidia, IBM, AWS, Google are there. They get it. There's about 20 members. 2 blockchain members include QANPlatform and QRL. While it would be great if bitcoin could implement similar solutions, it really is hard if not starting with a fresh chain.
QRL for sure. Insane how low it is. It has been around since 2016, was even mentioned on Bitcoin Talk forum back then. They've been slowly building (community devs) and have a great management team now. It's the only true quantum resistant blockchain (as in secured from the genesis block) with a quantum secure wallet which uses XMSS. Relatively low supply. They're also a member of the Post Quantum Cryptography Alliance, alongside the likes of CISCO, AWS, Google, IBM, Nvidia, Meta/Facebook and others. I believe QAN (QANX) recently joined also.
QRL (Quantum Resistant Ledger), CELL (Cellframe), CKB (Common Knowledge Base)
Vitalik isn't the only one that has at least thought about how to solve this risk. These are coins I'm aware of with some level of research, plan, or existing implementation. ETH, CELL, HBAR, QRL, XX, AME, XEP, HBAR, ALGO, QANX I've seen quite a few debates on which of these will offer the solution the space needs. And why they will be adopted for more than just updated encryption. They all still have some work to do, and I don't view them as competitors to each other. I gravitate towards QANX, which caught my attention long ago. I still believe they have a brilliant approach to web3 and enterprise utility, and appear to be nearing the finish line. In the end all systems must upgrade or be left behind. These projects preparing from block zero will not have the tough challenges old coins have deal with (which is why we see such resistance to working on this). They also have a huge head start.
QRL (Quantum Resistant Ledger)
Well first, any cloud miner is a scam in general - If anything offers to "mine on the cloud" then you are being scammed, especially if it's on your phone, or an app on the app store. You can't mine anything by watching adds, or purchase computational power to mine anything because that's not how mining works. You can mine Bitcoin with ASICs (The only type of device with enough theoretical power to hit a Bitcoin block) such as [Bitmain's devices](https://m.bitmain.com/) or you can use your CPU/GPU devices to mine either by yourself (not the same as this scam app) or through a mining pool, mining things like QRL or KASPA. You will need a powerful graphics card or CPU to achieve anything worthwhile, and odds are your electrical bill will cost more than whatever you get mining.
Vitalik isn't the only one that has at least thought about how to solve this risk. These are coins I'm aware of with some level of research, plan, or existing implementation. ETH, CELL, HBAR, QRL, XX, AME, XEP, HBAR, ALGO, QANX I've seen quite a few debates on which of these will offer the solution the space needs. And why they will be adopted for more than just updated encryption. I can make arguments for and against all of them. Including QANX which caught my attention long ago, though I still believe they have a brilliant approach and appear to be nearing the finish line. In the end all systems must upgrade or be left behind. These projects preparing from block zero will not have the tough challenges old coins have deal with (which is why we see such resistance to working on this). They also have a huge headstart.
So far the coins I'm aware of with some level of research, plan, or existing implementation. ETH, CELL, HBAR, QRL, XX, AME, XEP, HBAR, ALGO, QANX
Also note that earlier this year, Vitalik proposed an emergency plan if quantum computing were to advance faster than expected. Considering the investments and innovations on multiple fronts, the risk certainly exists. That news drove up price substantially on several projects that put heavy focus on preparing for this. QANX CELL QRL XX all saw a spike but fell back hard. Only QANX has seen a lift this week, so the news hasn't done much, if anything. But there will be an expectation projects are secured with the new standards. These projects may gain a lot of visibility going forward.
QRL (Quantum Resistant Ledger), CELL (Cellframe) and CKB (Common Knowledge Base) are all Layer One Blockchains that are already PQ secure. They are way ahead of the game.
> Lockheed Martin went with QRL, and filed a patent. Do you know where there is any more information about this??
You can acquire QRL now by mining it. I've been mining it on all of the PC's in my house since 2018. Uses a CPU algorithm.
QRL (Quantum Resistant Ledger), CELL (Cellframe) and CKB (Common Knowledge Base).
QRL has EVM compatibility in the pipeline via ZOND and has been at this longer than probably another other blockchain. There is a reason Lockheed Martin filed a patent with them. QANplatform is very questionable. Abelian is another one that is questionable. QANplatform is still an ERC-20 token at this point. It's not even a layer 1. We can agree that the market will decide and that there will likely be multiple solutions for PQC security.
QRL (Quantum Resistant Ledger), CELL (Cellframe) and CKB (Common Knowledge Base) are all taking the threat seriously. Other projects claiming to be Quantum secure seem very questionable. Lockheed Martin went with QRL, and filed a patent. Here is a recent video with Ian Smith that has some good takes about PQC. [https://www.youtube.com/watch?v=9OZR-WgTylU&t=5s](https://www.youtube.com/watch?v=9OZR-WgTylU&t=5s)
> I think the QANX solution will rise to the top - Why Bitcoin fears Quantum Computers - and IOTA doesn't - IOTA is the future #quantumproof - QRL is going to Pluto https://np.reddit.com/r/CryptoCurrency/comments/7pi892/why_bitcoin_fears_quantum_computers_and_iota/ (January 2018)
Dude, did we just become best friends? This is precisely what I've been saying for months!! Also a QRL holder, it is the only true (as in from the genesis block) quantum resistant ledger/token that I know of - including QR wallets. I also hold ALGO, whilst they've tried to quantum secure the network, wallets with exposed public keys are still vulnerable. QRL is so under the radar its ridiculous, but Lockheed Martin recently filing for a patent with QRL explicitly mentioned several times in said patent is all I need to know.
No idea why it refers to 'a' but 230a is the QRL Blockchain logo. The patent is for secure communications which makes sense for a government contractor involved in national defense.
I think the most notable update is the Lockheed Martin has decided to patent and build on Quantum Resistant Ledger (QRL). Many of these other projects claiming to be Quantum Resistant aren't even Layer 1 Blockchains. [https://www.army-technology.com/data-insights/lockheed-martin-in-cybersecurity-theme-innovation-strategy/](https://www.army-technology.com/data-insights/lockheed-martin-in-cybersecurity-theme-innovation-strategy/)
They aren't. QRL has been quantum secure from genesis and while ALGO has hired a cryptography export in the form of Chris Peikert, they still use elliptic curve cryptography for their signature scheme which is absolutely not quantum secure. Algorand is going to have the same problems as everyone else
No it can't, not simply. This is a massive undertaking that will be a minimum of 5 years assuming the core devs can even come to consensus on which algorithm to use There's a real chance we have a sufficiently capable quantum computer by then (IBM says they should have one by early 2030s) running Shor's algorithm which can crack ECC - what BTC, ETH, and all other cryptos are using for their signature scheme. The only projects that have even mentioned it are ETH and ALGO but are still using ECC. Vitalik even said in his blog post that ETH will wait for a quantum attack to occur, then perform a rollback which will damage the immutability of the chain. https://ethresear.ch/t/how-to-hard-fork-to-save-most-users-funds-in-a-quantum-emergency/18901 QRL is leading the small subset of coins actively addressing this problem of being quantum secure from genesis. Bitcoin cannot simply fork to solve the problem
My large-mid caps are packed. Accumulating low caps: QRL, Velo, SHX. Interested in a few others but haven't pulled the trigger yet.
$QRL is the only serious coin in this category
Yeah, and it's also been around for longer than other projects. Atm QANX seems to have the spotlight and they apparently spending a lot on marketing, but other projects in space like QRL are being developed and promoted as well, and frankly all of them have very low market caps
Lockheed Martin filed a patent using QRL which is quantum resistant since genesis. That says quite a bit... It's also open source. Definitely interesting times ahead for anything digital that requires security as Quantum computing becomes a reality.
# #2 Lockheed Martin just filed a patent using Quantum Resistant Ledger (QRL) Blockchain.
> there are others as well) QRL looks most honest
Sell a bit of that and buy a few QRL . A few may be all you need ;-)
QANX is currently just ERC20 token living on Ethereum network, which makes it not quantum resistant. They keep promising mainnet launch since 2020, postponing it year after year. Cellframe is better, but the CELL you are buying/selling on exchanges is again just ERC20 token on Ethereum. They have one-way bridge from this ERC20 token to their native blockchain, but since it's one-way, you won't be able to sell that native coin anymore! QRL is fully working open source quantum-resistant blockchain project since 2018. Available on MEXC, LBank and XT exchanges as the real QR coin.
QANX is currently just ERC20 token living on Ethereum network, which makes it not quantum resistant. They keep promising mainnet launch since 2020, postponing it year after year. Proof: [https://postimg.cc/mP9pVntY](https://postimg.cc/mP9pVntY) Cellframe is better, but the CELL you are buying/selling on exchanges is again just ERC20 token on Ethereum. They have one-way bridge from this ERC20 token to their native blockchain, but since it's one-way, you won't be able to sell that native coin anymore! Proof: [https://postimg.cc/8JZZjQ0S](https://postimg.cc/8JZZjQ0S) (on their website) QRL is fully working open source quantum-resistant blockchain project since 2018. Available on MEXC, LBank and XT exchanges as the real QR coin.
I wouldn't say QRL **started** as a token, because it was in that form only to get funding for the project through ICO in 2017. Then in 2018 was launched own QRL mainnet and people swapped the tokens for the native form, which was the original goal and so I consider **that** the real start of QRL.
QANX is currently just ERC20 token living on Ethereum network, which makes it not quantum resistant. They keep promising mainnet launch since 2019, postponing it year after year. Cellframe is better, but the CELL you are buying/selling on exchanges is again just ERC20 token on Ethereum. Then have one-way bridge from this ERC20 token to their native blockchain, but since it's one-way, you won't be able to sell that native coin anymore! QRL is fully working open source quantum-resistant blockchain project since 2018. Available on MEXC, LBank and XT exchanges as the real QR coin.
The most complete answer yet. I remember that QRL published articles explaining why it matters to be QR from the onset instead of appending it afterwards. It's a long play, I have a small bag and see it a bit as "insurance" in the case of a surprise breakthrough event in quantum computing. And I guess you are being downvoted because people don't like to hear that their QR coin is not as QR as they were told...
Thankfully, there are a few blockchain projects already making efforts to secure finances from the threat posed by quantum computers, although, they are few and far between. Additionally, being that quantum resistant technology is not properly understood by many, there are projects that aim to achieve this goal but fall short. Currently, standards for such post-quantum cryptography are established by NIST, which is set to reveal its accumulated list of approved quantum resistant cryptographic schemes later this year. Not all blockchain projects that aim to be quantum resistant meet the recommendations that are recognized to effectively be quantum resistant, which really makes this the first barrier to entry when it comes to a blockchain project claiming to be such resistance (i.e. If a blockchain project doesn't use a NIST-approved quantum resistant cryptographic scheme, don't bother with it.) Additionally, often overlooked is whether a quantum resistant coin is hosted as a token on a parent chain (e.g. Ethereum or Solana), or has it's own native blockchain. You can be assured that even if a fully quantum resistant coin is hosted as a token on a parent chain, it's security is only as good as the security of the underlying network it's built on. A hard fork upgrade to the underlying network, which processes those token transactions, won't fix this issue because it won't apply to pre-fork wallets. Projects like QANplatform and Cellframe (which is tethered to unsecure networks) are good examples of pseudo-quantum resistant cryptocurrencies. Other projects which which purport to meet quantum resistant approved criteria, are either illiquid, unmaintained, or even down-right undesirable in the case of Algorand due to being named a security by the SEC. This doesn't necessarily disqualify these projects if they're willing to correct their mistakes! But currently, the best contender in this field is QRL (Quantum Resistant Ledger), which also started out as a token on the Ethereum network before permanently migrating to it's own native blockchain which has been up for almost 6 years, now. Additionally it's undergoing active development to introduce smart-contract capability to it's blockchain and switch it's consensus mechanism to Proof of Stake from Proof of Work, all while maintaining its NIST-approved standard of being quantum resistant.
As far as I know, QRL is the only chain with audited technology that has quantum resistant capability. And it's superior to others out there that claim to have QR but actually don't.
The current leader is QRL - www.theqrl.org - which is using post-quantum cryptography (currently XMSS) since their mainnet launch in 2018. They are professional and serious in their goals, the project is open-source and actively developed. They will soon be releasing a major upgrade which will bring Proof of Stake (currently it's PoW) and EVM-compatible smart contracts, together with support for new CRYSTALS-Dilithium signature scheme, to their blockchain. There are some other projects which are claiming to be using post-quantum cryptography, but they are in many cases just trying to ride on the QR hype which is slowly starting (and it will get worse with time) in a way that they are just ERC20 token, are closed source, centralized, dead or just plain scam. Some are claiming QR but they are still using Elliptic curves and PQ is only optional/"for future". Someone mentioned Algorand, but they use QR only for their state proofs (and even there it seems it's not used correctly as they match it with not-PQ zero-proof method) and not for the wallets (which is the important thing). So just be careful and do your research on the QR claims of each project as it's often just false marketing.
QANX continuosly looks like a scam, QRL has good name and looks honest coin
This topic will continue to gain attention. Vitalik outlined a plan if these breakthroughs require emergency action. I've also seen some bitcoin circles discuss ideas, but have not seen an agreed upon solution. Several projects have been noted to account for quantum resistance in some capacity. QANX, QRL, CELL, AME, XX, HBAR, ALGO, IOTA I've held several of these at some point. QANX is the hot mover right now. It's good to research this topic because at some point all systems and projects need to upgrade their encryption. They are all very different so I don't view them as competing for the quantum narrative. Plus all systems will need to be quantum resistant so it still requires useful utility to succeed and enable widespread adoption
I would highly recommend reading QRL's whitepaper. It was actually discussed on Coin Bureau recently, even though the project has been going since approx. 2016, they explain in detail how BTC would be affected in numerous scenarios, including if a country or group with strong quantum computing capability stealthily targeted BTC. It isn't just BTC that would be at risk, but BTC is obviously the big target in crypto for nefarious nations or groups, and QRL also explain that in the event of a significant and publicly known quantum computing advance *(I would highly recommend reading about China's capabilities here, and how much they're spending in QC)*, but also explain about about the threat to publicly exposed keys becoming targeted by those with QC capability and the likely heavy sell pressure that would follow. Again, BTC is the big target, but it would be reasonable to assume that other coins would swiftly be next. Disclaimer: I do hold some QRL, not a bunch, but a small bag. My personal view is that the Quantum Computing Race is similar to the development of nuclear weapons in the 1950s, the Space Race of the 1960s, athletics and aviation between the Soviet Union and the USA in the 1980s and so on... I'm not a quantum computing expert either, but I have enough technical understanding to interpret a genuine risk, whilst considering the fact that IBM, Microsoft and their Chinese equivalents are rushing to become dominant and, as far as I can tell, China is currently in pole position which scares me a lot. Whilst BTC is the Rolls Royce of blockchain, QRL is my car insurance, as it were. I'd highly recommend reading this for more information: https://finance.yahoo.com/news/quantum-threat-cryptocurrency-qrls-quantum-130000689.html
QRL has been post-quantum since their launch in 2017. I haven't looked much into Algorand's plans, but I'm pretty satisfied with Ethereum's post-quantum roadmap.
This topic will continue to gain attention. Vitalik outlined a plan if these breakthroughs require emergency action. I've also seen some bitcoin circles discuss ideas, but they don't like the impacts of solutions. Several projects have been noted to account for quantum resistance in some capacity. They are all very different so I don't view them as competing for the quantum narrative. QANX, QRL, CELL, AME, XX, HBAR, ALGO, IOTA I've held several of these at some point. It's good to research this topic because at some point all systems and projects need to upgrade their encryption.
People tend to buy new shiny things, QRL has been developed for much longer and team probably don't pay much attention to marketing. Doesn't mean its tech worse than others, on the contrary
You probably dodged a bullet there! QRL has performed quite badly over the last 12 months in comparison to QANX, and it's an older project (started in 2018) and we know that old projects which have failed to take-off the first time around rarely get a second chance.
Qanx is leading in terms of visibility at the moment, but not the tech, QRL is the oldest and probably the most advanced at the moment simply because it's been in development for a few years already, CELL is in active development and has a good tech as well.
Qanx is a leader in that field. Even a European country is using its tech. QRL and CELL are ghost chains. I am not sure what is Abel.
RWA: it's defenetily LTO as it's quite a well known project with real use cases and real business customers and ridiculously low MC for now Quantum computing: gonna be the next hype with all the projects at the moment at a very low MC, leader is QANX, but there are others, mainly CELL, and then projects like QRL, ABEL etc POW: proof of work cryptos are definitely not going to die, and there are a few projects popping up, the best buy at the moment is probably CKB, but there are definitely lots of microcaps like XPB and others
I appreciate the information! I hadn't known this prior, as it seems pretty obscure! I found their article where they discussed token migration. In it they acknowledged that the ETH and BSC networks are not quantum secure, bringing credibility to this vulnerability. >**Q: Can I store my $CELL on Ledger wallet? Is it safe from quantum threats to hold $CELL on Ledger?** **A:** You can keep holding your $CELL on ETH and BSC networks using your Ledger wallet, but these networks do not support quantum-resistant encryption. Ledger wallet does not support CF20 protocol for now. But I think it's negligent of them to allow reverse migration back into their pseudo-quantum resistant counterparts, something QRL didn't allow. >**Q: Will it be possible to migrate back my CF20 $CELL to ERC20 or BEP20 $CELL?** **A:** To start with, the bridge will be unidirectional and will be equipped with the ability to convert ERC20 and BEP20 $CELL to native $CELL. The ability to convert native $CELL to ERC20 and BEP20 $CELL will be integrated into the bridge later on. This may have negative consequences. For example: If 1 ERC20/BEP20 $CELL is equal to 1 CF20 $CELL and if there was a quantum attack on those vulnerable networks would the price of CF20 $CELL be negatively impacted by sell pressure on exchanges that hold it's pseudo counterparts, as who's going to want to buy ERC20/BEP20 $CELL if the chains they're hosted on are undergoing an attack. And if this were to take place who would try to save their money by putting it into an asset that is losing it's value!? Or, in another scenario, would the CF20 $CELL that remains unbridged be considered burnt for those unable to migrate in time or at all? Effectively causing a divide in the community and possibly leaving the founders open to liability for purposely and negligently allowing migration back into native $CELL's vulnerable counterparts. I suppose this is all just food for thought! But shouldn't be underestimated, especially if we're all concerned about the threat quantum technology poses to todays standard of encryption, which also happens to be integrated into the backbone of blockchain technology.
QRL started out as an Ethereum token too, before moving to it's own native chain. Depending on how long it takes QANX to get their native chain up and running, this particular issue shouldn't pose too much threat as I'm sure there is still some time before "Q-day" arrives.
With growing attention on the development of quantum computers and the threat they pose to today's standard of encryption, there's no wonder that blockchain projects aiming to subvert this threat will have their price increase reactively. Unfortunately, this also means that projects can take advantage of this branding, which can create a false sense of security if investors aren't educated on how the quantum threat works. Take for example Cellframe and QANplatform--projects with good intent! These blockchain projects are mistakenly believed to be protected from the threat posed by quantum computers. But most people don't realize that pseudo-quantum resistant blockchains like these are actually compromised due to being hosted on a non-quantum resistant chain (i.e. Ethereum). So even if their underlying code really is quantum resistant, faith in the supposed QR project would erode if the underlying network, where their transactions take place, is vulnerable. Imagine not being able to transact in your supposedly quantum resistant token if the ETH used for blockchain gas fees is stolen from your wallet. Forks don't eradicate this issue because pre-fork wallets would still be vulnerable, not to mention overall layer-0 trust would be tainted. Having a native blockchain would fix this issue! QRL and Algorand don't have this vulnerability, but Algorand's label as a security by the SEC has become a deterrent for investors and thus its adoption.
Yep, I didn't know either. These "implementation details" are often very important, yet often not talked about. Similar thing was when we discussed the Algorand. They use the Falcon, which is post-quantum, but right after it they use zk-SNARK to generate the proof (and zk-SNARK is NOT quantum-secure, only zk-STARK is). So the proof can be fabricated with the quantum computer. (well their wallets are still vulnerable anyway, because they use this only for their state proofs - to communicate with other blockchains - and even that now seems not really QR) Feel free to join the QRL Discord server. People enjoy talking about these kind of interesting things there. And about QANplatform, I didn't know that they covered/restored the coins - that's good. But they do claim they are quantum-resistant even though their blockchain doesn't really exists yet. So they mislead people into thinking that what they are buying is the quantum-resistant thing. Just look at the CoinMarketCap page for QANX and what is said in the About: > What Is QANplatform (QANX)? QANplatform, the quantum-resistant hybrid blockchain platform enables developers and enterprises to rapidly build software applications like DApps or DeFi and run business processes on blockchain. (...)