The idea

Founder noticed investment in QC development, ECDSA being deprecated by the NSA and given the vulnerability in all existing blockchain ledgers conceived the idea of a post-quantum ledger.

Creation of post-quantum secure hash-based digital signature library

August 2016

Proof of work

Creation of a POW ledger utilising Merkle signature scheme addresses with Winternitz and Lamport one-time signatures.

September 2016

Whitepaper release

After discussion with developers, post-quantum cryptographers and research into existing roadmap of blockchain technology, the whitepaper was written to provide an overview of quantum resistant methodologies. The Winternitz OTS+ and Extended Merkle Signature Scheme (XMSS) were identified as the optimal solutions. This investigation also revealed the necessity of QRL to stand alone as a network with interoperability in the later pipeline.

November 2016

PoS

Design of a proof-of-stake algorithm (POS)

December 2016

Node

Prototype node development with basic POS algorithm and integration of XMSS signatures

January 2017

Block explorer

Design and launch of the first iteration of the block explorer

February 2017

Private testnet

Iterative testing of POS algorithmic updates

March 2017

Alpha testnet

Launch of the Alpha testnet with nodes running on MacOS, Linux, Windows on hardware including Raspberry Pi.

Private seed presale round opens.

April 2017

Funding targets achieved

Public ICO no longer required

Start of integration of Ephemeral messaging layer to enable end-end secure data channels

May 2017

Public testnet

Node optimisation with C++.

Internode encrypted communication (‘new hope’ lattice-based cryptography)

June 2017

Ongoing testing

Web Wallet + other GUI work

Further Optimizations

Preparing for security testnet

June 2017

PQ secure digital identification

Blockchain based ultra secure digital ID.

Leveraging Ephemeral messaging layer with off chain services: PQ secure data channels, PQ secure comms, PQ secure messenger services, PQ secure VOIP, PQ secure VPN.

PQ secure provenance and proof-of-existence services.

Feasibility of smart contract integration.

2018-2019