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
Last Month at QRL — August 2020
EnQlave audit firm selected: x41 D-Sec, QRL AMA 4 part series complete, QRL Quick Qlips Contest, New Korean Social Media Ambassador, Proof-of-Stake devnet approaches: updates, new QRL pool integration, and quantum news updates.
read moreLast Month at QRL — June 2020
QRL AMA, Two year mainnet anniversary, Job opening for in-house marketing position, enQlave - audit imminent, Proof-of-Stake is back - devnet soon
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