What is Quantum Resistant Ledger?

Symbol: QRL · Market cap rank: #332

Short answer

Quantum Resistant Ledger (QRL) is a cryptocurrency currently ranked #332 by market capitalisation. It is classified as L1.

Source: isthiscoinascam.com

Overview

Quantum Resistant Ledger is a cryptocurrency founded by Peter Waterland, utilizing the Python programming language. Designed to address vulnerabilities posed by quantum computers, it offers protection against both classical and future quantum computer attacks. The project employs XMSS technology to ensure post-quantum security and operates on a Proof-of-Stake consensus mechanism.

Launched in August 2018, Quantum Resistant Ledger is noted for being the first cryptocurrency to specifically target the risks associated with quantum computing. The project aims to provide a stable and resilient blockchain platform capable of securely facilitating transactions and decentralized communication in the digital landscape.

Launched: 2016

Headquarters: Zug, Switzerland

Scam-risk analysis

Quantum Resistant Ledger has a moderate score — some risk signals were raised but no critical concerns. Is Quantum Resistant Ledger a scam?

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