OUR NEWS AND BLOG

QRL Technical - Weeks 36–37 Crypto

technical

TL;DR: The crypto module is now in C/C++. Architecture is being reworked. Performance is significantly higher (verification is more than 500 times faster). Lots of improvements in the pipeline.

Bughunts, memory leaks and negative millionaires..

We have been publicly testing the QRL testnet (status may be checked here https://theqrl.org/status/) for the last few days.

Quantum Computing and Cryptocurrency Discussion

Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with NASA, the CIA and Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological foundations. History Quantum computing studies theoretical computation systems (quantum computers) that make direct use of quantum-mechanical phenomena, such as superposition and entanglement, to perform operations on data. Quantum computers are different from binary digital electronic computers based on transistors. Whereas common digital computing requires that the data be encoded into binary digits (bits), each of which is always in one of two definite states (0 or 1), quantum computation uses quantum bits, which can be in superpositions of states. A quantum Turing machine is a theoretical model of such a computer, and is also known as the universal quantum computer. The field of quantum computing was initiated by the work of Paul Benioff and Yuri Manin in 1980, Richard Feynman in 1982, and David Deutsch in 1985. A quantum computer with spins as quantum bits was also formulated for use as a quantum space–time in 1968.

QRL progress report

technical

The Quantum Resistant Ledger (QRL) project is now successfully trialling a private testnet thanks to a dedicated team of alpha-testers spread across the world.

Blockchain is here to stay — but for how long?

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Bitcoin furiously led the charge. Decentralised, trustless, scarce, cryptographically secure digital cash transactions without the need for financial intermediaries available to anyone with an internet connection for the first time. And cool — a better form of money there has never been in the history of mankind.