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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
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. (...)
It's nice seeing someone bringing this topic up and especially that you did your research about some already QR projects. The Vitalik's plan is interesting, but has serious flaws. We've discussed it on Discord also with lead developer of QRL and came to interesting points. Vitalik in his article said what he would do if the quantum computers attack happened tomorrow -> the chain would be stopped and transactions reverted before the hack (that's itself bad, but he did it once in the past, so why not do it again, who cares about immutability, right?). And that people would need to verify wallet ownership using zk-STARKs (which is post-quantum, so good) to be able to send transactions. But: 1) There is no post-quantum support implemented in the Ethereum today. So the chain would be stopped and everyone will be waiting for devs to quickly implement some support it there for how long, weeks, months, years? Everything must be prepared BEFORE it happens, not AFTER. 2) He mentioned that it would save "most" wallets, not all of them. So there will be many people whose coins would be lost and he is okay with that. It's because not everyone has wallet created through the hashing derivation path he mentions. But there is a problem: 3) As told by the QRL dev, the zk-STARK is NOT compatible with all hashing algorithms. It requires specific hashing algorithm which uses only operators like +,-,\*,/, while the commonly used hashing algorithms like keccak, SHA... are using also bitwise AND, OR, XOR, etc. which makes it incompatible with STARK. So since basically everyone has private keys derived using the incompatible hashing algorithms, it cannot be used to prove ownership in this way. And so the plan cannot practically work. 4) You may then say that all people should regenerate their wallets using the compatible hashing algo to make the plan work in future. But this means that every single user needs to do an action and then send all their coins to new wallet -> congest whole chain with millions of transactions, pay enormous fees... and for what? To still have their coins completely vulnerable? Better would be to just implement the new post-quantum cryptography directly into the Ethereum and let each user create new wallet - in this case already quantum-resistant one - and have it done BEFORE the attack happens. But this means there is no backup plan. The issue is same as always has been for chains which aren't post-quantum since genesis. They need to implement the post-quantum secure upgrade, let users migrate all their wallets and coins, and then burn all the old unmigrated wallets/coins. With all issues this brings (which there are plenty). So, it's not looking good. ---- About the other projects I will copy here a comment I wrote 3 months ago as it's still valid: The current leader is QRL - 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. You can buy it on MEXC or currently still mine it (RandomX algo). There are some other projects which are claiming to be using post-quantum cryptography, but they: * feels just as a hobby project or an experiment, and are also dead (e.g. Tidecoin, Arielcoin, Abcmint) * are only using post-quantum algo in some insignificant part, but still rely on elliptic-curves, so they are still completely vulnerable (e.g. Algorand) * are in fact just a ERC20 token on Ethereum network (so completely vulnerable), promising real product for years but still not delivering anything (e.g. QANplatform, which had also their bridge hacked and tokens stolen from their users) * are claiming to be quantum secure, but internally they still use vulnerable cryptography (e.g. xx\_network, which feels closed/centralized as the source code has restricted license + you need to be approved by them to run a node) * are claiming to be quantum secure, but are closed-source, so who knows what's going on inside (e.g. Abelian) * ... Always be careful and verify the post-quantum claims, because there will be many projects just trying to scam you.
Problem is, once your first transaction hits the mempool, your address does become visible. With a theoretically powerful-enough quantum computer (QC), you could front-run someone by reading the public key from the mempool and putting another transaction before theirs gets included in a block. The danger there is that suppose that you want to migrate to a new quantum resistant address, you'll have to issue a transaction to send all your funds to the new address. While that transaction is in the mempool, a QC could read the public key, derive the private key, and issue another transaction with a higher fee (so that it gets included in a block before the original transaction) that sends all your funds to a malicious wallet. tl;dr even if you don't reuse Bitcoin addresses, there is still some risk. The only solution for is to have the entire migration to QR addresses be completed by all users before quantum computers, or use a chain that used quantum resistant addresses from genesis (eg. QRL).
> These coins have the QR label, but none are simply trying to be quantum resistant Quantum Resistant Ledger (QRL, on your list) seems like exactly that.
QRL on Mexc easy to withdraw to web wallet www.theqrl.org
I am hoping it is, as I've been mining QRL on the 3 desktop pc's in my house since the end of 2018.
Quick notes on each: Algo the most well known- selected Falcon as it's solution. To my knowledge they haven't implemented it, but they have a plan in place. May require fork, and certainly migration from users. QRL- Perhaps the first, it's been doing this for a while. Believe evm compatibility and availability to buy have held them back from adoption. Cell- based out of Siberia, I learned from CB subscriber vid they have a DOT like structure, but there were a lot of open questions. QANX- Delivering testnet in April. Has unique solutions to allow smart contracts in any programming language, without restrictions of wasm like other projects, while remaining evm compatible. Private/public/hybrid approach. As you can see, each has work to get where they need to be. Personal favorite is qanx as I believe it will well positioned for business adoption with their approach and features. Privatenet is publicly available, and the capabilities are there. They just need to get the version with PoS consensus going.
This is the post quantum cryptography alliance . IBM, AWS , GOOGLE , QRL and others www.theqrl.org
Mine is QRL. Quantum Resist Ledger. Super future proof with post quantum blockchain cryptography. Developing EVM & staking on testnet. The technology has already been audited below https://github.com/theQRL/audits/blob/master/X41-theQRL-Review-2018-Final-Report.pdf
I have been scaling into QRL (quantum resist ledger). It has tiny market cap and right now noone is talking about quantum yet and I think it's worth a small bet to stay ahead of the curve.
I really like to but my money on QRL right now. Quantum Computing is rising and it seems imo to be the best managed and techwise forerunner Quantum proof coin.
It's also good that we already have some cryptocurrencies which are quantum resistant, like the QRL.
And QRL could beat them both ;-)
I just withdrew $500 usd of my QRL to test it was fine and is in my wallet now , sorry for your issues
Hopefully, BTC and ETH if work on quantum-resistant encryption and QANX and QRL
Trying to find a hidden gem in the crypto market isn't easy, given all the projects out there, especially being that so many of them have little-to-no utility or are just plain scams. That doesn't mean good projects don't exist--they're just hard to find! My advice would be to search for a project that offers a reasonable utility basis, and not just something that can be used to buy or sell goods! A project that identifies a problem and offers a solution beyond the typical transfer of wealth and the store of value--as almost all coins/tokens offer these benefits simply because these qualities are a part of the nature of decentralized monies. One niche area of reasonable utility is that of quantum computing. It's no secret that quantum computing technology is becoming more of a reality every year that passes, as major tech companies pour more and more money into developing the technology to help solve some the the world's most challenging problems in healthcare and science. Unfortunately, the foreseeable power that these quantum computers will possess will pose a risk to today's standard of encryption, which governs the backbone of out financial system and the state of national security itself. Which is why governments are taking steps to not only fund the develop of quantum computing technology, but also technologies that are resistant to the encryption-breaking algorithms that are able to run on quantum computers. There are a few crypto projects that aim to offer a solution to this problem, but only a few of them actually use an NIST (National Institute of Standards and Technology) accepted method of quantum resistance in their codebase. These being QRL, NXS, and TDC, with others purporting to be quantum resistant, but may not actually meet the standard. All of these are under $1, but not all of them may have the potential to "skyrocket" due to other market variables. My personal choice among these three is QRL, due to continual active development, a small but lively community, organically increasing market sentiment, and of course it's utility as store of value against a foreseeable risk posed to fintech and national security.
You are wrong though. Bitcoin cryptography isnt secure against quantum algorithms, and judging by how slowly it is being updated, it wont be before being exploited. I am saying this as a QRL holder, but i have little faith in any crypto as a store of value in general
Hey buy some QRL and HODL . Goto Mexc
The quantum resistant ledger 📒 QRL . On MEXC now
They would be better off buying QRL off MEXC !
That is funny this article comes out today because there was a major pump in QRL (Quantum Resistant Ledger) this morning - one of the projects I follow. Coincidence - perhaps a shilling? Perhaps nothing at all? That said, QRL is a fantastic project to read up if you are into quantum resistant algorithms.
Not shilling at all - but I had this same thought a few months ago and came across QRL (quantum resistant ledger). Claims to use NIST certified quantum resistant algorithms in its implementation. Interesting project if this kind of thing interests you.
Have you seen what’s happens to the QRL coin since listing on MEXC ?
Just goto MEXC and get some QRL before it’s too late
MEXC listed the quantum resistant ledger QRL
Get some QRL asap www.theqrl.org
I normally seek for projects with solution to a rising problem. For instance, NIST had said that quantum security is very paramount in crypto and projects like QRL and Qan that are quantum proof are good investment options for me.
QRL for when Quantum Computers are able to hack RSA cryptography
Get some of the QRL before you can’t !
Should have bought QRL . Held steady for years
QRL, though may have slipped out of the top 500. It’s been down that way for a while.
Unbeknownst to most, QRL (Quantum Resistant Ledger) is understood and accepted as not being a security, as defined by the SEC, among its userbase. **Technological Innovation:** QRL set itself apart by being the first blockchain project to use an NIST-approved signature scheme and become the first cryptocurrency to be resistant to an attack from Quantum Computers running Shor's Algorithm. This effectively has brought Quantum-level security to finance by securing funds against Quantum Computer attacks using their native token as a store of value. **Real-World Adoption:** While QRL does provide a unique and useful application for the real world, Quantum Computers have yet to become sufficiently powerful enough to crack ECDSA (Elliptic Curve Digital Signature Algorithm). Despite this, developments in the field of Quantum Computing are being made consistently every year, and leading governments are preparing for it's arrival by staying on top of research and development. Estimates for its arrival range from a few years to a few decades, but with R&D moving so fast the timeline is consistently shortened. **Community and Development:** The size of the community is quite small, especially because the project is quite niche in nature. But it has seen new interested individuals in the past few months. Because of this, everyone is there because they actually want to be there and are interested in the project! The community is most active in Discord where we have direct access to the development team who engages with us regularly. Blockchain development is communicated routinely and apart of regular conversations. Additionally, a weekly newsletter is emailed to interested community members summarizing recent developments. **Market Performance:** QRL continues to have low market capitalization, having ranged from a few Million to 36 Million after hitting 200 Million during the Crypto Boom of 2017-2018. It's price has remained relatively flat since then but has seen a few small boons along the way. Trading volume is consistently in the low tens of thousands.
QRL for when quantum computing causes havoc.
QRL is the next Bitcoin when it’s broken .
The quantum resistant ledger QRL
QRL is smugly chugging water in the corner
There's already quantum resistent cryptos, or at least that's what they claim. For example, QRL uses XMSS, which is a form of non-Elliptic curve encryption.
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Check out QRL Quantum Resistant Ledger
QRL. So many people have a knee jerk dismissal of quantum computers as a threat. But the reality is that they may do. (I personally think it is far more likely than that). Currently QRL is about $0.12 for a 75mill supply and 101mill Max supply coin. A $50 purchase today could be life changing in 5 years, or 10 years, or perhaps never. The drawback, and reason it is such a bargain, is that it is a complete PITA to get at. Only 2 exchanges- Bittrex and Cointiger. I reckon it is worth the effort.
You guys realize there are functional quantum computers being marketed to very large business interests? 65% of business leaders are investing in the tech. Error correction is quickly taking form and that cuts the qubits required for the operation down massively (we are talking about thousands of error corrected qubits to break the elliptical curve encryption of bitcoin) IBM is currently producing 1000 qubit models with a 4k qubit on the way. New algorithms allow for cluster Shor operation meaning a single system doesnt even have to have all the qubits. I realize this is cutting edge, but I was right about Bitcoin when people were saying awfully similar things about it. "pipe dream, etc." I'm a first mover personally. I picked a first mover with a solid strategy. QRL for the time being uses XMSS stateful hash-based signatures, the Dilithium wallets in development right now (releasing with PoS and probably simultaneously smart contracts) is using the CRYSTALS-Kyber/Dilithium set earmarked by the NIST as being the prime candidate for general purpose. Couple this with the White House putting out calls for government systems switch and big businesses like MasterCard rolling out quantum security. There's writing all over the wall and you are refusing to even consider it.
Get some QRL before it’s too late
First of all, the quantum computing space is so nascent that the threats posed by it are very neligible. Most quantum computing "achievements" only function with very specific condition and very particular contexts. The fact is that blockchain tech has much more pressing and immediate issue than those posed by quantum technology. But there is a "quantum-resistant" chain [QRL](https://www.theqrl.org/) is you are interested in the theory behind it.
Invest in the quantum resistant ledger QRL you’ll be a millionaire
Long on QRL. Got my eyes on a few other chains that are pursuing it. Algo has potential, but I suspect it will not be as straightforward as they hope. Nearly all the other chains claiming to be QR are nothing of the sort- most are still ERC20 tokens!
The quantum resistant ledger QRL
Look Into QRL… they just released their testnet for POS with mainnet expected to be released in the middle of 2023
They discovered the quantum resistant ledger QRL
Just hedge with $QRL now (it costs peanuts) and be done with it. If quantum does break ECDSA then you are all set with 3rd gen crypto, if it doesn’t then you have spent a few bucks on an interesting PoS (soon!) novelty which uses XMSS and is EVM compatible.
Many projects like QRL Cellframe and Qanplatform are already enforcing post quantum cryptography bearing this in mind. So I agree with you, cryptography won't stay still.
And that's why i'm so bullish on QRL, Quantum computing is coming weather we like it or not and we better be prepared for those brute force hackers.
Nobody cares about QRL.
As the linked tweet on this thread points out, QRL has been quantum resistant since 2018.
The [Quantum Resistant Ledger (QRL)](https://www.theqrl.org/) has been, well, quantum resistant with XMSS since its launch in 2018. The Kyber and Dilithium are in its code base, too.