Quantum Resistant Ledger (also known as “The QRL”) is a cryptocurrency ledger with the primary function of being resistant to both classic and quantum computing attacks. The QRL uses a different type of cryptography than other blockchains and cryptocurrency, namely hash-based cryptography signing. The main purpose of the QRL is to serve as an ultra-secure store of value in the event of a sudden advance in quantum computing. An advance such as this would theoretically render most cryptocurrencies of today vulnerable to attack, rendering them useless. Proof-of-Stake is the chosen consensus of the QRL blockchain, with transaction fees being added due to the large size of transactions.
Quantum Resistant Ledger (QRL) is the digital asset that can be sent peer-to-peer over the QRL blockchain and used to pay transaction fees.