Quantum Resistant Ledger
Crypto Overview
Understanding Intended Utility
The Quantum Resistant Ledger (QRL) is designed as a blockchain platform specifically built to resist potential attacks from quantum computers. Its primary purpose is to serve as a secure store of value and medium of exchange that will remain resistant to cryptographic attacks even after the advent of practical quantum computing. The project utilizes XMSS (Extended Merkle Signature Scheme) for its signature scheme, which is a post-quantum secure alternative to current cryptographic methods.
Business Model Assessment
QRL's business model focuses on security and longevity in cryptocurrency infrastructure. The project maintains transparency through open-source development and regular community updates. No evidence suggests involvement in impermissible activities.
Actual Utility Assessment
Current adoption remains limited, with relatively low trading volumes and market activity. The development team maintains consistent activity on GitHub, with ongoing improvements to the core protocol. The project has stayed true to its intended purpose of quantum resistance, though mass adoption has not yet materialized.
Founder Enrichment Analysis
Token distribution shows a relatively fair model with no excessive concentration among founders. The project implemented appropriate vesting periods for team allocations. Development efforts appear genuine, with consistent technical progress documented through GitHub commits. The founding team, led by Peter Waterland, has maintained involvement and shows commitment to the project's technical goals rather than marketing hype.
Technical Implementation
The project implements legitimate technological innovations in quantum resistance, with real utility in securing digital assets. The protocol operates as a pure Proof-of-Work system, avoiding interest-bearing mechanisms that could conflict with Islamic principles.
Crypto Impact
To assign a comfort level investing in Quantum Resistant Ledger from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Quantum Resistant Ledger.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.