Details

Last Funding Type

Angel

Last Funding Money Raised

$2M

Industries

Blockchain,Quantum Computing

Founded date

Jan 1, 2017

Number Of Employee

1 - 10

Operating Status

Active

The Quantum Resistant Ledger (QRL) is a first blockchain of its kind – a future-proof post quantum value store and decentralized communication layer which tackles the threat Quantum Computing will pose to cryptocurrencies in the coming years. This is backed by a provably secure, peer-reviewed signature scheme that utilizes Winternitz OTS signatures deployed in an Extended Merkle Signature Scheme (XMSS). QRL launched the world’s first blockchain that utilizes fully quantum resistant signatures, across all addresses, from the very first block onward. Based on the understanding that popular means of current encryption (such as ECDSA) in the cryptocurrency space are vulnerable to a sufficiently powerful quantum computer running Shor’s algorithm, QRL is addressing what will be a singular threat to the security of cryptocurrency going forward – the inevitability of quantum computing.