Week 8 - Quantum Resistant Ledger (QRL) - $100 a week on low-cap coins +FREE QRL
Investing in coins I don't currently have. $100 a week for at least 10 weeks. Giving away free crypto each time I invest.
Week 8 - Quantum Resistant Ledger (QRL)
Market Cap - $30,148,976
Price - $0.579788
Supply - 52,000,000 QRL tokens
$100 nets ~172 QRL
https://theqrl.org/
What is QRL?
The Quantum Resistant Ledger is a public blockchain that is trying to pioneer an area that hasn't been addressed yet in cryptocurrency -- resistance to attacks from quantum computers.
QRL is still a very new cryptocurrency. The initial coin release was done spring of this year and it was released as an ERC20 token. They are still running on test net but after the Genesis block is mined on mainnet this fall they will be exchanging 1:1 for their solo token.
From my understanding, the potential problem is the current transaction security of crytpocurrency. When you send a transaction it creates a digital signature. This signature exposes the public key, and as of the end of 2016, half of the Bitcoin ledger balance was held in addresses with exposed public keys. With our current computers trying to force your way into hacking the blockchain would take years, but the theoretical quantum computers could be exponentially faster and more powerful than what we have now.
The rise of quantum computers could happen in a public light and Bitcoin and other cryptos could adapt and there would be no problem. But not every computer genius is open and share their hacking methods, so QRL is stepping it up before the problem arises.
I'd like to note that, as white papers go, this was the most amazingly difficult one I have every read. I'm pretty sure I had two seizures and half an aneurysm. I'm not a maths guy. I'm barely a computer guy. They made me feel confident for the first few minutes and then the next half hour was tormenting...
Anyway, I always like investing in new projects, especially new projects that are trying to tackle something that nobody else has. The QRL team is very active and has been growing since inception. Check them out if you're looking for another hot ERC20 token to send to your Ethereum wallet!
I will be giving away 50 QRL tokens. Just leave a working QRL address in the comments by Friday, August 25th and a winner will be chosen at random.
Week 2 - BitBay
Week 3 - WeTrust
Week 4 - Vertcoin
Week 5 - Swarm City
Week 6 - Storj
Week 7 - LBRY Credits
Congrats guys! Sending QRL now.
0x643f1bbb15f23417dfd1916c653d79bdb08b7d04
This is one that I probably would have skipped over if you had not featured it. Cheers
0xd1b457ea18b3fa58acd577013eda75637a59c310
Second place my man. Randomresult.com really likes you apparently.
No complaints from over here. Thanks for this series as per usual. Have you been following along with any/all of the previous weekly coins? GridCoin just had it's millionth block and it in the process of a large promotional campaign.
Yeah I'm in all of the subreddits and check news from time to time. I hope Gridcoin starts rockin'. It's the only coin so far that hasn't really gained any.
0x9363824C56Ac44c5d18e8228D35AdAD729cF132B
Cool article thank you! I am in!
0x2690de0b940d03ec9d15a004e6ba68603a53c0ff
Qrl vs Qtum would be interesting
0x1aa987c341e0710dd2086cc56aead8a25fffcf94
Now I have to read up on Qtum. I don't know anything about it except it was one of the coins that just popped up in the top of the charts out of nowhere.
Thanks again for your info and doing this, both educational and fun.
0xa3699bb70531095cdb6e60f8d68dc0aa444614cc
My pleasure. I enjoy it.
Always a pleasure
Thanks again
0xdF779A2F74B584002c3787f33515F63671299ebf
-Glitch
Great, another awesome giveaway :)
you always manage to pick some very interesting coins ;)
here my address:
0x0c943a85e4312280810eac248e839272517a136f
Congrats buddy. QRL sent!
wow thank you so much :)
really appreciate it ;)
My addy
0xd73baae95efd0f225ca6c14eb5c6c497edc0b5a6