What is Quantum Resistant Ledger?
The Quantum Resistant Ledger (QRL) is a quantum-resistant blockchain network. The platform uses a hash-based Extended Merkle Tree Signature Scheme (XMSS) to secure the network. XMSS is a post-quantum secure digital signature scheme approved by NIST. The project also complements its security through a stack of applications and a development ecosystem built on its network. QRL’s suite of solutions offers various options to safely host digital assets and interact with public and private blockchains built on the network. Additionally, the protocol enables ultra-secure digital communication through its post-quantum secure communication layer.
Besides its visionary security, QRL also boasts a developer-friendly protocol. The platform offers broad integration and a diverse ecosystem. Its API service enables integration with the world's leading solutions. Additionally, the open development architecture as well as open-source and audited cryptography offer a rich experience to developers of the QRL protocol.
The Quantum Resistant Ledger issued a native coin called QRL to fuel its ecosystem. You can view the current QRL price on the price chart above.
Use Cases of QRL Tokens
QRL is a multi-utility asset acting as a basic currency of the Quantum Resistant Ledger. The Quantum Resistant Ledger token can be used as a medium of exchange on the platform. QRL is also used to reward miners, who secure the network. Additionally, the Quantum Resistant Ledger crypto can be traded on exchanges. Quantum Resistant Ledger price varies with changes in market conditions. Thus, research the QRL price before investing to ensure you are making an informed decision.
Who Founded Quantum Resistant Ledger?
Peter Waterland and Kaushal Kumar Singh are the founders and developers of Quantum Resistant Ledger. Other members of the development team include James Gordon, Charlie Thompson, and Adem Bilican.
Tokenomics of QRL
Quantum Resistant Ledger coin has a fixed supply of 105 million QRL tokens. Users can get the coin through mining or by buying it on the supported exchanges. The fixed supply protects Quantum Resistant Ledger price from the negative effects of undesirable inflation.