The Quantum Resistant Ledger (QRL) Foundation is continuing to pioneer in the development of post-quantum cryptographic applications, and to help address the threat quantum computing will have globally, The Quantum Resistant Ledger Foundation is opening up its research arm and seeking up to 4 post-quantum cryptographers who are interested in pursuing research grants for lattice-based threshold cryptography.
This news comes on the recent revelations of Google’s quantum supremacy achievement, which further confirms the need for a transition towards quantum-secure cryptography in many technological domains.
Google, in partnership with NASA, has demonstrated the ability to perform a computation in seconds that would otherwise take our largest supercomputers thousands of years – an achievement known as “quantum supremacy.”
The power of Quantum computing is said to be growing at a double-exponential rate when compared to classical computers, an observation first made by Google’s Hartmut Neven. This rapid progress signifies that it is only a matter of time until quantum computers will be able to break elliptic curve cryptography (ECC). Public Key infrastructure reliant on ECC underpins both the security of the internet and the security of funds on most blockchain networks (like Bitcoin and Ethereum).
QRL is the first fully quantum-resistant blockchain network and digital asset platform. It relies on a third-party audited and IETF specified implementation of the eXtended Merkle Signature Scheme (XMSS), rather than on ECDSA as other blockchains projects do. This security has been in place since the genesis block and is augmented by a forward-thinking crypto-agile approach characterized by an address format designed to be adaptable to future signature schemes, which may arise in response to additional security threats beyond those posed by quantum computers. In parallel, QRL is set to be the first enterprise-grade platform to utilise the lattice-based Dilithium and Kyber algorithms. They form the basis for QRL’s ephemeral messaging layer, a resilient and decentralised post-quantum messaging service which will run alongside the QRL network.
The Quantum Resistant Ledger (QRL) is a forward-thinking, fully quantum-resistant blockchain network and digital asset platform which uses a secure, audited, and IETF specified implementation of the eXtended Merkle Tree Signature Scheme (XMSS) from its genesis block. This is in direct contrast with a vast majority of blockchains that lack audits and rely on ECDSA, a signature scheme that is vulnerable to quantum attacks and which will be difficult to replace. The security of the QRL platform and its post-quantum value store is complemented by a vast suite of core features and a development ecosystem that allows users to build new blockchain applications that use or connect to the QRL protocol.
- Dutch Police Bust CEO of Blockchain Game Firm, Komodore64 – €78 million Gone? - November 13, 2019
- Celsius Hits over $4 Billion in Crypto Loans – Leading the Industry - November 12, 2019
- Coinbase Introduces Staking Rewards on Tezos - November 6, 2019
- Volvo Cars to implement blockchain traceability of cobalt used in electric car batteries - November 6, 2019
- EU-Funded Acceleration Project, LEDGER, Offering Support Services and Up to €200k Equity-Free for Blockchain Data Governance Projects - November 6, 2019
- Global Financial System Regulators – the Financial Action Task Force – Issue Draft Guidance on Digital Identity - November 5, 2019
- David Chaum Releases XX Alpha Messenger Promising Unprecedented User Privacy - November 5, 2019
- Æternity Blockchain Developers Plan to Take On Ethereum With Final Hardfork – Handing over Governance to the Community - November 5, 2019
- Researchers Claim Cross-border B2B Blockchain Transactions set to Explode to $4.4 Trillion by 2024 - November 5, 2019
- Global Companies Unite to Unveil Comprehensive Framework for Tokenization – It’s About Time - November 5, 2019
- Microsoft Kicks Off Enterprise-ready Crypto Token Platform On Azure – Predicts Tokenization Is A Pillar Of The Coming Revolution In Multi-Party Applications That Blockchain Technology Ushered In - November 5, 2019
- Polish-British Blockchain Company Billon to Digitise Euro in Deal with Raiffeisen Bank International - November 5, 2019
- 500.com Limited Releases Intel on Blockchain Technology for China’s Lottery Industry - November 4, 2019
- Oxfam, Etherisc, and Aon Find Success with First Blockchain-Based Agricultural Insurance Policies for Smallholder Farmers in Sri Lanka - November 4, 2019
- Interview: Brock Pierce and Two Prime’s Alexander S. Blum - November 4, 2019
- Samsung Bullish on Blockchain – Pushing for Developers on New Samsung Blockchain Platform SDK - November 1, 2019
- Busted: SEC and CFTC Nail First Global Credit – a Swiss Security-Based Bitcoin Swaps Dealer That Allegedly Aimed at American Investors - November 1, 2019
- Zilliqa and Oxford Women in Computer Science Society Join to Bring Diversity to Blockchain Sector - November 1, 2019
- VeganNation Add Brazilian Football Superstar Cafu to It’s Advisory Board - October 31, 2019
- Alliance Investments Announces Plans Tokenization of £500m in UK Real Estate in STOs - October 31, 2019
Also published on Medium.