Quantum Resistant Ledger
Crypto Overview
Purpose and Utility
The Quantum Resistant Ledger (QRL) is a blockchain platform specifically designed to be resistant to quantum computing attacks. Its primary purpose is to provide a secure cryptocurrency and blockchain infrastructure that will remain safe even after the advent of powerful quantum computers. This addresses a significant concern in the cryptocurrency space, as quantum computers could potentially break the cryptographic algorithms that secure current blockchain networks.
Business Model Analysis
QRL's business model centers around providing quantum-resistant security through the use of XMSS (Extended Merkle Signature Scheme) signatures. The project focuses on technological development rather than financial products or services that might conflict with Islamic principles. There are no inherent interest-bearing mechanisms or gambling elements in its core functionality.
Development and Adoption
The project maintains active development, with regular updates to its codebase visible on GitHub. While adoption remains limited compared to larger cryptocurrencies, this is not relevant for Sharia compliance purposes. The team continues to work on improving the platform's quantum resistance capabilities and user interface.
Token Distribution and Governance
QRL's initial distribution was conducted through a transparent ICO in 2017. The project maintains transparency regarding token allocation and team holdings. Development is funded through a foundation structure, with clear allocation of resources toward technical development rather than excessive marketing.
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.