Quote from: rumpel_tusk on October 30, 2017, 08:54:32 PM

Quantum computing has been progressing rapidly in the past few years. If it is achieved, it will be used to answer questions mankind has had for millennia. Applications for quantum computing could be to predict the exact outcome of any event like natural disasters, wars, and economical catastrophes. Quantum computing could even be used to create new technology that a human could not conceive on its own. It can also be used for more nefarious purposes.

Blockchain technology has been scaring the global powers since 2009, the inception of Bitcoin. It scares them because governments, corporations, and people cannot control it. It scares them because it can be used to undermine a failing and greedy financial institution that only gives wealth to people who already have it. Blockchain technology is here to stay but with a rising technology threatens the future of the Blockchain.

Quantum computing attacks have been prophesiezed since the birth of advanced cryptography algorithms. Cryptography systems, such as AES256, RSA, and Diffie-Helman are secure against the computers of today. In the future, possibly the near future, cryptography will be undermined by the advancement of Quantum Computing. This means that user's identities, accounts, and funds will all be compromised on the Blockchain. Defeating the cryptography used in Blockchain will be easily defeated and used to control the system that was designed to be indestructible.

Enter Quantum Resistant Ledger. This project offers a solution to the looming threat of Quantum Computing attacks on cryptography. QRL uses XMSS, eXtended Merkle Signature Scheme, to secure transactions and addresses against attacks against the blockchain. XMSS is a more advanced version of the Merkle Tree, except that each node is hashed again in the child node before being added to the parent node. Think of it as hashing a hash. It adds an additional and HUGE level of complexity to the already complex encryption scheme. This specific system is almost impossible for supercomputers to solve. It would take many millions of years to reverse it. Quantum computers are a little different. Given they use quantum-mechanics to perform computing tasks, a basic AES256 encrypted password would be compromised within a matter of seconds. QRL will use XMSS, with their own technology not yet announced, to create a ledger impervious to Quantum Computers and their power.

QRL will offer a 1:1 swap of Bitcoin for QRL tokens that can be used on the Quantum Resistant Ledger. QRL has a max supply 21,000,000 tokens, which means you will have the same balance of QRL as you did with Bitcoin. If you choose to swap, your investment will be safe from the governments and corporations that will acquire Quantum Computers to not only better the world, but to also control it.

I AM NOT AFFILIATED WITH THE QRL PROJECT. THESE OPINIONS ARE SOLELY MY OWN.

Heard of nexus?