The Quantum Resistant Ledger (QRL) Foundation Announces a Research Arm

to Continue Its Advancement of Post-Quantum Cryptographic Standards

The Quantum Resistant Ledger (QRL) Foundation, creator of the world’s leading quantum-secure
blockchain network and digital asset platform, is continuing to pioneer in the field by seeking up to
4 post-quantum cryptographers for research grants as part of its newly formed research initiative.
This announcement comes on the tail of Google’s quantum supremacy achievement, which further
confirms the need for a transition towards quantum-secure cryptography in many technological
domains.

Zug, Switzerland, October 25, 2019 --(PR.com)-- The Quantum Resistant Ledger (QRL) Foundation,
creator of the world's leading quantum-secure blockchain network and digital asset platform, is
continuing to pioneer in the field by seeking up to 4 post-quantum cryptographers for research grants.
This initiative comes on the tail of Google's quantum supremacy achievement, which further confirms the
need for a transition towards quantum-secure cryptography in many technological domains.

QRL is the first fully quantum-resistant blockchain network and digital asset platform. It relies on a
third-party audited and IETF specified implementation of the eXtended Merkle Signature Scheme
(XMSS), rather than on ECDSA as other blockchains projects do. This security has been in place since
the genesis block, and is augmented by a forward thinking crypto-agile approach characterized by an
address format designed to be adaptable to future signature schemes, which may arise in response to
additional security threats beyond those posed by quantum computers. In parallel, QRL is set to be the
first enterprise-grade platform to utilise the lattice-based Dilithium and Kyber algorithms. They form the
basis for QRL's ephemeral messaging layer, a resilient and decentralised post-quantum messaging service
which will run alongside the QRL network.

Google, in partnership with NASA, has demonstrated the ability to perform a computation in seconds that
would otherwise take our largest supercomputers thousands of years - an achievement known as
“quantum supremacy.” The power of Quantum computing is said to be growing at a double-exponential
rate when compared to classical computers, an observation first made by Google's Hartmut Neven. This
rapid progress signifies that it is only a matter of time until quantum computers will be able to break
elliptic curve cryptography (ECC). Public Key infrastructure reliant on ECC underpins both the security
of the internet and the security of funds on most blockchain networks (like Bitcoin and Ethereum).

To continue the pioneering work in the development of post-quantum cryptographic applications, and to
help address the threat quantum computing will have globally, The Quantum Resistant Ledger
Foundation is opening up its research arm and seeking up to 4 post-quantum cryptographers who are
interested in pursuing research grants for lattice-based threshold cryptography.

Applicants can visit https://theqrl.org/research/grants for up-to-date information on the grants available or
express interest to hello@qrl.foundation

Note to editors

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The Quantum Resistant Ledger (QRL) is a forward-thinking, fully quantum-resistant blockchain network
and digital asset platform which uses a secure, audited, and IETF specified implementation of the
eXtended Merkle Tree Signature Scheme (XMSS) from its genesis block. This is in direct contrast with a
vast majority of blockchains which lack audits and rely on ECDSA, a signature scheme which is
vulnerable to quantum attacks and which will be difficult to replace. The security of the QRL platform
and its post-quantum value store is complemented by a vast suite of core features and a development
ecosystem which allows users to build new blockchain applications which use or connect to the QRL
protocol.

For more information and press requests, contact Adam Koltun, adam@theqrl.org

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Contact Information:
The QRL Foundation
Adam Koltun
+1 (312) 498-3594
Contact via Email
https://qrl.foundation

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/797923

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