Proof of Stake
Proof-of-Stake is a blockchain consensus mechanism that will be replacing Proof-of-Work in QRL. Instead of computers competing for who would win the block by computing a piece of work, a validator is selected at random by the weight of their holdings.
QRL currently has a post-quantum secure Proof-of-Stake devnet and code, codenamed project Zond which lays out some of the framework that may be used for our upcoming proof-of-stake system. With the aim to provide the most reliable, efficient, and flexible, post-quantum secure proof-of-stake protocol, additional competing areas of research and development are being pursued between STARKs (with hash-based cryptography), and lattice-based cryptographic solutions.
Proof of Stake NEWS AND UPDATES
Project Zond. QRL’s Proof-of-Stake code, is released to the public.
And with the partnership and seminal research by the team at Insight Research, it’s only going to get better from here.
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Last Month at QRL — September 2020
EnQlave audit firm X41 D-Sec starts, Insight research joins QRL, Proof-of-Stake Update, Quantum computing/security news, and QRL Mentions
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Insight Researchers partners with the Quantum Resistant Ledger
Update 2021- Geometry Labs is a new company started in early 2021, who the QRL team is now working with. At launch they hired the blockchain R&D team from Insight, though they’ve since expanded with new members of the team. Separately, Insight is still continuing its original mission of education through professional training fellowships. Zug, Switzerland, September 25th, 2020 — The Quantum Resistant Ledger (QRL) Foundation, creator of the world’s leading quantum-secure blockchain network and digital asset platform, has partnered with Insight’s quantum cryptography research team to continue to set the global standard towards its quantum-secure Proof-of-Stake network, a progression of its quantum-secure Proof-of-Work network presently in place.
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