Alt-Coin Quantum Resistance Ledger (QRL)

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Southpaw
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby Southpaw » Fri Feb 23, 2018

QRL is #19 out of 609

Github commit history of 609 cryptocurrencies based on most popular repo (last updated: 2/23/2018, 6:20:08 AM)

https://cryptomiso.com/#

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby Brick's » Sun Feb 25, 2018

Everytime I think I'm starting to figure it out someone posts more stuff I am completely unaware of.

So commit as in committing to a repurchase agreement (repo)? Or am I still clueless?
“Rationality belongs to the cool observer, but because of the stupidity of the average man, he follows not reason, but faith, and the naive faith requires necessary illusion and emotionally potent oversimplifications which are provided by the myth-maker to keep ordinary person on course.”

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby MaxGravy » Sun Feb 25, 2018

SilverDoge wrote:
Brick's wrote:Does QRL have a rate of return on it's POS and if so what is it?


PoS is scheduled for Q3 2018. The inflation schedule is low compared to many other coins, but there is a reasonable return if you are holding enough QRL.


How much is enough? 648?
I'm clearly not very bright.

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby natsb88 » Sun Feb 25, 2018

Brick's wrote:Everytime I think I'm starting to figure it out someone posts more stuff I am completely unaware of.

So commit as in committing to a repurchase agreement (repo)? Or am I still clueless?

Commit is a coding term. It refers to pushing changes/updates to the main source code. Looking at the quantity and frequency of commits is one way to gauge how active a project is.

https://en.wikipedia.org/wiki/Commit_(version_control)

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Mon Feb 26, 2018

MaxGravy wrote:
SilverDoge wrote:
Brick's wrote:Does QRL have a rate of return on it's POS and if so what is it?


PoS is scheduled for Q3 2018. The inflation schedule is low compared to many other coins, but there is a reasonable return if you are holding enough QRL.


How much is enough? 648?


That is enough to stake with, but your staking rewards won't happen very often. If that is your only staking crypto it likely won't be worth it to have a separate computer solely dedicated to staking. To stake at the best rate of return you want to be on and running 24/7. Some people use a cheap Raspberry Pi 3, others use a dedicated laptop, others use a VPS but that will cost you a monthly fee between $3 and $10 usually and wouldn't be worth it to only stake that amount of QRL.

My conclusion would be to stake if with your daily computer when it is running. If you can leave it on, great, if not, so be it.
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Mon Feb 26, 2018

Southpaw wrote:QRL is #19 out of 609

Github commit history of 609 cryptocurrencies based on most popular repo (last updated: 2/23/2018, 6:20:08 AM)

https://cryptomiso.com/#


natsb88 wrote:
Brick's wrote:Everytime I think I'm starting to figure it out someone posts more stuff I am completely unaware of.

So commit as in committing to a repurchase agreement (repo)? Or am I still clueless?

Commit is a coding term. It refers to pushing changes/updates to the main source code. Looking at the quantity and frequency of commits is one way to gauge how active a project is.

https://en.wikipedia.org/wiki/Commit_(version_control)


Nate is correct (as usual). The commits have been constant the last few months as the team ramps up for MainNet launch. While there can be complaints about how long it has taken, or a lack of education/marketing for the project, there really can't be much complaining about the amount of work the team is doing.
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby Brick's » Mon Feb 26, 2018

Thanx, and that is very interesting to know. For instance, one could check ADA (Cardano) and see if work is being done especially when there are those who are complaining nothing is being done.

And repo?

Just for the heck of it and why I thought it might have something to do with repos:

"Alex Grebnev, a former Wall Street investment banker, is launching a platform, called Oxygen, that will allow holders Ethereum-based tokens to strike repurchase (repo) agreements with each other. Oxygen will collaborate with cryptocurrency exchange Changelly, targeting its 1.6 million private and institutional users."

From Business Insider: http://www.businessinsider.com/crypto-r ... 018-2018-1
“Rationality belongs to the cool observer, but because of the stupidity of the average man, he follows not reason, but faith, and the naive faith requires necessary illusion and emotionally potent oversimplifications which are provided by the myth-maker to keep ordinary person on course.”

― Reinhold Niebuhr, Moral Man and Immoral Society: Study in Ethics and Politics

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Mon Feb 26, 2018

Brick's wrote:And repo?

Just for the heck of it and why I thought it might have something to do with repos:

Alex Grebnev, a former Wall Street investment banker, is launching a platform, called Oxygen, that will allow holders Ethereum-based tokens to strike repurchase (repo) agreements with each other. Oxygen will collaborate with cryptocurrency exchange Changelly, targeting its 1.6 million private and institutional users.


Repo stands for repository, on the GitHub. Nothing to do with the Wall St banker project.

See this link: https://help.github.com/articles/create-a-repo/

Or here: https://developer.github.com/v3/repos/
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Wed Feb 28, 2018

Interesting article on using silicone with quantum computers.

http://www.bbc.co.uk/news/science-environment-43065485

This is also a good quantum related follow on Twitter: https://twitter.com/ISARACorp

They are a solution for current businesses looking to stay ahead on security.
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby Southpaw » Thu Mar 01, 2018

Nice green candle for QRL tonight :thumbup:

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby joefro » Thu Mar 01, 2018

Maybe Mainnet announcement coming soon?

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Sun Mar 04, 2018

The government is ALWAYS trying to backdoor private communications. Whether that is through hardware, software, or making something illegal, they never stop trying to invade individual privacy in the name of security. The only way to subvert this is through strong encryption and by using methods where the government can't pressure individual companies. That is why decentralized strong encryption is the future. And the strongest encryption will be resistant to the NSA's strongest future quantum computers.



They tried to charge the inventor of PGP encryption as an arms dealer. Think about that fact!
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Tue Mar 06, 2018

SilverDoge wrote:Some choice quotes from a good article: https://thenextweb.com/artificial-intelligence/2018/02/06/heres-why-100-qubit-quantum-computers-could-change-everything/

Quantum brute-force would, theoretically, make classical encryption obsolete.

In May of 2016 a physicist and associate writer for Ars Technica, Chris Lee, reported on IBMs then newly announced 5 qubit system.

Then just 12 months later IBM unveiled a 17 qubit system.

If quantum computing technology (in general) followed Moore’s Law – an observation that CPUs for classical computers tend to double in power every 18-24 months – we should expect a 30 or 40 qubit system next year.

Only, IBM created a working 50 qubit system last year too. In fact, the company rolled it out at CES last month and showed it off to the world.

Realistically, a functional 100 qubit system could be announced before you finish reading this sentence. At 100 qubits a single quantum computer processor would, theoretically, be more powerful than all the supercomputers on the planet combined.


So in 20 months we went from a 5 Qubit to a 50 Qubit super computer. And that is just the ones that are made public. QRL team has estimated that blockchain signatures could be cracked with somewhere in the range of 1,000 - 5,000 Qubits. While that seems "far off" what if the range is actually down to 200 Qubits instead of 1,000, and what if we get there sooner than we think.

MainNet launch can't come soon enough. Expected for Q1 2018. Let's get ready for the party.


The pace is picking up quickly. I wonder how many qubits the NSA computer has? :shh:

Google is now experimenting with a 72-qubit quantum computer.

http://www.tomshardware.com/news/google-72-qubit-quantum-computer,36617.html
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Fri Mar 09, 2018

Latest Medium update from the QRL team. They say still on track for MainNet in Q1, but I think they will be cutting it very close. If I were a gambling man, I would say April, but we'll see.

https://medium.com/the-quantum-resistant-ledger/setting-the-stage-for-mainnet-e6ef48cd6d93
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby Long John » Fri Mar 09, 2018

SilverDoge wrote:If I were a gambling man...

Which, of course, you're not. :angel:

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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Sat Mar 10, 2018

Long John wrote:
SilverDoge wrote:If I were a gambling man...

Which, of course, you're not. :angel:


Haha, who me?
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Sat Mar 10, 2018

Who Will Steal Satoshi's Bitcoin?

A good read and contemplation.

https://medium.com/@nopara73/stealing-satoshis-bitcoins-cc4d57919a2b
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Wed Mar 21, 2018

"In five years, quantum computing will be used extensively by new categories of professionals and developers to solve problems once considered unsolvable. Quantum will be ubiquitous in university classrooms, and will even be available, to some degree, at the high school level." - IBM

https://youtu.be/bhYHto5ss7M?list=PL0VD16H1q5IPBYA_icy2zhrilZ28TzWXq
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Sun Mar 25, 2018

Latest medium blog: https://medium.com/the-quantum-resistant-ledger/qrl-token-migration-to-be-announced-shortly-35e95df2aae2

TL;DR...
All that remains is our internal code review and a parallel third-party code audit to be completed. Expect more details to follow shortly with our token migration announcement imminent.


MainNet launch is quite close now.
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Re: Alt-Coin Quantum Resistance Ledger (QRL)

Postby SilverDoge » Sat Mar 31, 2018

The National Institute of Standards & Technology (NIST) has a 57 page paper titled "Blockchain Technology Overview" here: https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

Of note for QRL would be this quote from page 34, in section 5.3 titled "Cryptographic Changes & Forks":

One possibility for the need to change cryptographic features present in a blockchain system would be the development of a practical quantum computer system, which would be capable of greatly weakening (and in some cases, rendering useless) existing cryptographic algorithms. NIST Internal Report (NISTIR) 8105, Report on Post-Quantum Cryptography provides a table describing the impact of quantum computing on common cryptographic algorithms.

The cryptographic algorithms utilized within most blockchain technologies for public/private key pairs will need to be replaced if a powerful quantum computer become a reality. This is because algorithms that rely on the computational complexity of integer factorization (such as RSA) or work on solving discrete logarithms (such as DSA and Diffie-Hellman) are very susceptible to quantum computing. The hashing algorithms and Merkle trees that are the other basis for blockchains are much less susceptible to quantum computing attacks, but are still weakened when quantum computers become a reality.


Notice in that last sentence that NIST does not say "if" quantum computers become a reality.... they say "when" quantum computers become a reality.
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