QRL - How to Mine QRL Quanta - E06

I'm going to copy that to the clipboard.


QRL - How to Mine QRL Quanta - E06

We're going to paste that into here.


QRL - How to Mine QRL Quanta - E06

So you can see how this updated automatically the file down here if you look down here


QRL - How to Mine QRL Quanta - E06

watch there automatically updates that.


QRL - How to Mine QRL Quanta - E06

So we're going to this is the configuration that we need for the config.json file.


QRL - How to Mine QRL Quanta - E06

So we're going to copy that we're going to open up our trusty notepad.


QRL - How to Mine QRL Quanta - E06

And all we're going to do is say that as let's do it this way.


QRL - How to Mine QRL Quanta - E06

And we're going to go to all files because it's looking for a text file it's not going


QRL - How to Mine QRL Quanta - E06

to be seeing anything that's not a text file.


QRL - How to Mine QRL Quanta - E06

And we're just going to overwrite this config.json file like that.


QRL - How to Mine QRL Quanta - E06

Let's just replace it.


QRL - How to Mine QRL Quanta - E06

And then we're going to go back to our install.


QRL - How to Mine QRL Quanta - E06

That should be it.


QRL - How to Mine QRL Quanta - E06

When you do this right click run is administrator.


QRL - How to Mine QRL Quanta - E06

Let's try it the other way first.


QRL - How to Mine QRL Quanta - E06

If I just click it.


QRL - How to Mine QRL Quanta - E06

You can see that there's a restriction here on MSR registers and min privileges are required.


QRL - How to Mine QRL Quanta - E06

And if you haven't executed before you'll sometimes have problems with huge page support.


QRL - How to Mine QRL Quanta - E06

This can be a difference of 30% and 40% hash rate.


QRL - How to Mine QRL Quanta - E06

So when you do this with those two put together when you do this you automatically want


QRL - How to Mine QRL Quanta - E06

to just run it as administrator every time just to be safe.


QRL - How to Mine QRL Quanta - E06

And then you can see that the register values are green green equals happy.


QRL - How to Mine QRL Quanta - E06

Each page support these two metrics right here are very important.


QRL - How to Mine QRL Quanta - E06

So if you push H on your keyboard you can see your hash rate.


QRL - How to Mine QRL Quanta - E06

That's it.


QRL - How to Mine QRL Quanta - E06

You're mining.


QRL - How to Mine QRL Quanta - E06

Couple other different ways that you could approach mining.


QRL - How to Mine QRL Quanta - E06

Let's say you had multiple pools and you didn't want to be bouncing back and forth between


QRL - How to Mine QRL Quanta - E06

config files.


QRL - How to Mine QRL Quanta - E06

And let's just say you had multiple miners.


QRL - How to Mine QRL Quanta - E06

So there's a hydrogen miner and a linear miner.


QRL - How to Mine QRL Quanta - E06

So let's go to the configuration files for the hydrogen miner.


QRL - How to Mine QRL Quanta - E06

And under each one of these you can have a different config.json file for each pool.


QRL - How to Mine QRL Quanta - E06

And you can do the same thing to have a different config.json file.


QRL - How to Mine QRL Quanta - E06

Perpool for a miner.


QRL - How to Mine QRL Quanta - E06

And in the file the password here you can change that from X to your computer name or


QRL - How to Mine QRL Quanta - E06

miner name of what you want to call it.


QRL - How to Mine QRL Quanta - E06

So you can keep track of it on the mining pool.


QRL - How to Mine QRL Quanta - E06

X is just fine.


QRL - How to Mine QRL Quanta - E06

You can keep it that way if you want.


QRL - How to Mine QRL Quanta - E06

But if you want to be able to separate separate hash rates on the mining pool you would


QRL - How to Mine QRL Quanta - E06

change it to something like that.


QRL - How to Mine QRL Quanta - E06

And this is a really easy way to just be able to switch between pools quickly.


QRL - How to Mine QRL Quanta - E06

If there's an XM rig upgrade you can typically just extract the new version and overwrite


QRL - How to Mine QRL Quanta - E06

every file except for the config.json file.


QRL - How to Mine QRL Quanta - E06

And that will automatically upgrade the mining executable to leave the configuration intact.


QRL - How to Mine QRL Quanta - E06

So that's it.


QRL - How to Mine QRL Quanta - E06

Okay, so hope those steps are helpful.


QRL - How to Mine QRL Quanta - E06

Here's a few bullet points to remember.


QRL - How to Mine QRL Quanta - E06

If you can tune your RAM above 2133 MHz, nearly all modern DDR RAM out there is now designed


QRL - How to Mine QRL Quanta - E06

for a faster clock speed.


QRL - How to Mine QRL Quanta - E06

There are some discussions on Discord and lots of videos on YouTube on how to do this.


QRL - How to Mine QRL Quanta - E06

See if you clock speed.


QRL - How to Mine QRL Quanta - E06

See if you clock speed is important but not at the cost of stability.


QRL - How to Mine QRL Quanta - E06

If you overclock your CPU and the system becomes unstable and gains you would have been


QRL - How to Mine QRL Quanta - E06

received from a higher clock rate will be lost when you come back and find out that your


QRL - How to Mine QRL Quanta - E06

PC went on holiday or PTO and didn't tell you about it first.


QRL - How to Mine QRL Quanta - E06

This can be upsetting.


QRL - How to Mine QRL Quanta - E06

So remember to always run some sort of utility to stress test the CPU and the RAM if you


QRL - How to Mine QRL Quanta - E06

decide to run either of those past just the standard recommended frequencies from the manufacturer.


QRL - How to Mine QRL Quanta - E06

And of course, don't forget to run and know it.


QRL - How to Mine QRL Quanta - E06

It's super easy to get one up and running, supports the project and takes up hardly any


QRL - How to Mine QRL Quanta - E06

system CPU resources.


QRL - How to Mine QRL Quanta - E06

One last thing, if you have any questions, ask.


QRL - How to Mine QRL Quanta - E06

You can reach out to me for mining questions as well on Discord.


QRL - How to Mine QRL Quanta - E06

I'm strike attack number 8102 with any questions that you have.


QRL - How to Mine QRL Quanta - E06

I do do my best to answer the mining questions and other questions that I get.


QRL - How to Mine QRL Quanta - E06

Thanks for watching.


QRL - How to Mine QRL Quanta - E06

See you in the next one.


The QRL Show | AMA with Core Blockchain Developer Kaushal on EnQlave: Quantum Security for Ethereum

On today's episode we're going to be doing an enclave AMA in discussing quantum security for


theory.


Let's dive in to today's exciting live episode.


The world is beginning to witness unprecedented technological growth in areas such as AI


in quantum computers.


But what does this mean for Bitcoin and blockchain?


Welcome to the QRL Live, where we discussed the collision of quantum computing, blockchain,


AI and cryptocurrency, some of the most compelling and emergent technologies today.


The field of quantum computers is one of the newest and most promising areas of science,


and its implications could very well disrupt our world in unpredictable ways.


State of the Air Machines are being built today that, in the future, could be as disruptive


as the transistor, television, possibly even the internet.


We can no longer ignore these implications.


What does this mean for Bitcoin and crypto?


What is currently currently in their blockchain is considered classically secure from modern


supercomputers.


However, there is a potential vulnerability in nearly all blockchain projects.


In that a sufficiently powerful quantum computer running short as algorithm could effectively


take over the addressing scheme, empty wallets, disrupt applications, and cripple entire


cryptographic networks.


Scientists, developers, and researchers have known about this emerging threat for some


time now.


In response, the NIST has been working since 2016 to develop post-quantum secure cryptography.


In fact, the brightest minds in science and cryptography are working on solutions to this


problem right now.


The QRL project is a purpose-built quantum computer resistant, doubly audited industrial


quality cryptocurrency that uses the NIST recommended XMSS hash-based signature scheme,


which is provably quantum resistant.


What does this even mean?


We developed the blockchain technology of tomorrow in order to keep your digital assets secure


today.


Welcome to QRL Life.


Let's dive in.


Hey everyone, welcome back to another episode of the Quantum Resistant Ledger channel, the


place where you come for the crypto and stay for the quantum.


In today's episode, we're hosting an enclave of AMA and going to be discussing quantum security


for Ethereum.


And with me to have this discussion is my co-host Michael Strike, who is our director


of outreach at QRL.


And also joining us today for the QRL show is Koshal, who is our core blockchain developer


at the QRL.


Koshal, it's great to have you with a strike and I to have a discussion on the claim.


Yeah, it's my pleasure to have an AMA regarding it.


Thank you.


Awesome.


Well, I think a good place to kind of start as we lead into further questions and we go into


a few different areas.


I think a good first question for us to first cut that would tie together QRL as a project


and enclave would be first one is what role does the QRL blockchain play in the enclave


system?


And then based on the answer to this, we can go a little bit further as far as talking


about security in a few other parts, but could you cover this first and then from here


we can, yeah.


Sure.


So basically enclave is a suit is a complete tool which can help you to secure your holdings


on Ethereum blockchain.


So it's like Enclave itself is not a blockchain.


It's basically buried on Ethereum smart contract with post quantum security so that whatever


you put inside that wallet and play wallet, whether it's an ERC 20 token or ERC 720 when


token, anything like that.


So you just make it secure against any future attacks related to the quantum computers.


But on the other hand, QRL is itself a blockchain.


So it's completely two different things.


QRL is a blockchain.


It runs on its own ecosystem and Web enclave is one of our contribution on the Ethereum blockchain


to make it secure against the quantum attacks.


Yeah.


Thank you.


Thanks for covering that one.


Drake, I think, do you want to dive in with the next one?


Is we going to have to do the next name a question?


Yes, we have another message or question from our community here.


This one is, how does Enclave provide quantum resistance in simple terms?


And where are things classically secure versus quantum secure?


So I think it says where.


I think that means somewhere.


But go ahead.


Yeah, just in it.


So what we have done in Enclave is first we have implemented XMSS verification.


So if you can generate an XMSS wallet off chain, like you do that even in QRL blockchain


too, you generate your wallet like in complete a separate off chain and then you simply


sign your transactions using your XMSS and then you broadcast that into QRL network.


So what we have done in into Enclave is we have two systems in it.


One of them is XMSS.


So you can generate your wallet offline and you need to mention to your Enclave wallet like


these are my public keys.


These are my XMSS public keys.


Once you have mentioned and deployed this Enclave wallet, so the Enclave wallet knows like


these are your XMSS assigned public keys.


So when you make a transaction, so if you ask Enclave wallet to I have some tokens and


I want to move it away from my Enclave wallet I want to send to someone else.


So of course you need to provide that transaction with ECDSS signature but you need to


provide the XMSS signature too.


So when you provide the XMSS signature, the Enclave smart contract or the wallet will automatically


check like, okay, if this particular signature and this public key is actually authorized


to make transaction from this wallet, if yes then yeah, verified and let it let the transaction


go on.


So there is another verification which is what makes it quantum secure which is our XMSS


verification but the problem which comes as like the gas fees if you use XMSS verification


is bit higher.


I will say quite a lot, quite a lot.


So that's why we also have this second security which is basically hash change and it's


like one time token which you generate offline and you make the commitment on this smart


contract by hashing those tokens multiple times and you use that tokens in future to simply


move your funds from your Enclave wallet to another wallet.


So the thing is quantum computers are not good with cracking the hashes, right?


We know like with snorv algorithm we can with source algorithm we can we can crack this


ECDSS private keys but yeah but not with the hashes.


So we are using this one time token which has a very reduced fee.


So the fee we will discuss that later in this video.


So that one is something which can be used by our users of community if they want to


secure the tokens or holdings on the key room where you're using Enclave.


Yeah.


Thanks for covering that one.


The next one we're going to go into is another community question that was came in earlier


and that is will the QRL foundation be acting as a liquidity provider for EQRL exchanges


on Uniswap and how will it be structured executed?


So that people are wondering I'm talking about Uniswap other X's.


This is good one to cover.


So this is more of a legal question.


So whether QRL foundation itself allowed to do this or not that's I mean that's one of


the legal questions.


So I think in my opinion I don't see the point like the foundations should directly get


involved into liquidity provider but yeah we can have some third party or someone else


who will be providing this liquidity on Uniswap or we also have our own community because


Uniswap is decentralized.


Anyone can provide this liquidity on the Uniswap.


Our own community can do that and the third party can do that.


But in terms of QRL foundation I don't think like I can say yes because it's more of


a like legal question.


It's not something.


Yeah exactly.


Yeah.


I'm straight.


You want to take the next one here I think.


This is.


Yep.


This is a two-parter so I'll pop it up as your site because you're reading it out.


So our community asks does Uniswap Kwantha on the QRL blockchain to EQRT and on the Ethereum


blockchain namely does Uniswap include atomic swaps?


How does that all work?


Okay so right now there's nothing like atomic swap between Ethereum and QRL blockchain so


if we have an EQRT token.


Okay so if we will have an EQRT token then we will be building one of the bridge.


So the purpose of this bridge will be to lock the funds on QRL blockchain and to release


the equivalent amount of EQRT token on Ethereum blockchain and if someone want to migrate


and reverse like they have EQRT but they want the QRL on the QRL blockchain itself.


So we will have that same bridge which where you will basically lock your funds back to


that to one of the smart contract address and the bridge will be decentralized so they


will check validate both and they will release using multi-sick wallet address feature on


QRL blockchain the equivalent amount of token which was locked on Ethereum blockchain.


So this is how it's going to work and we are trying out best to keep this bridge decentralized


so we have to see like how many nodes or how many people or users we can allow to be the


part of that bridge.


That sounds good.


Let's move into I know you mentioned already probably a few questions that we saw


through related around gas fees.


So this one would be good to cover probably because it covers a couple other gas fee questions


in general.


The way this one is how heavy Ethereum gas fees been retooled and what will gas fees cost


be for traction.


So just in general questions we will probably cover a couple of people's questions here.


Yeah it's a very general question but as a developer it's the funny things that I have


seen in last couple of months in terms of the gas fees.


We all know that Ethereum gas fees is pretty much high at this time and the problem was


like when we started making enclave and when we have this XMS is verification all these


things.


The gas fees was low enough so at that time the XMS is verification used to cost around


And now if I use the XMS's verification it costs around $450 or $500 somewhere around


that.


So that's why we designed another way like we still have the XMS's verification which


still can be used by institutions which are having a huge amount of funds on their cold


wallet or hot wallet like exchanges which holds like millions of Ethereum or other ERC-22


tokens or 721 tokens.


They can still like for them all $450 is not a big deal but then the question is how


one of the simple user who doesn't have like 450 is huge amount paying in terms of the


gas fee.


So we deployed this hash chain thing that I just discussed previously and where you basically


generate some of your random tokens and you basically commit that by hashing it into the


smart contract so that you can use it just once in future.


And with that we reduced the gas fee it's like 6 months ago it was around $10 to $12


for one transaction but right now this fee is somewhere around $37 to $45 for a transaction.


So and today Ethereum had the hard fork too so I haven't checked the effect of that hard


fork I'm waiting for 24 hours to finish so that I can re-evaluate it because they have


made some changes with the fee stuff so I'm hoping that there could be something good


news for us maybe fees got reduced by some value so I will be checking that maybe tomorrow


maybe after 48 hours but yeah right now the situation is if you make a transaction using


hash chain you will have to spend around $35 to $45 for transaction and for XMSS it's


going to be like 450 or $550 somewhere around there.


So just to clarify a little bit Kishal for the community so the fees that you're talking


about are when we integrate with the smart contract and Ethereum in order to exchange the


EQRT and then back out again while it's an ERC20 it can move around without those fees


it's only when you jump in the quantum resistance and jump out of quantum resistance


would you agree?


With Enclave yeah if you want to jump in it's not going to cause you who huge fees like


if you have some tokens in a different like not inside the Enclave but as normal as directly


on your TM wallet if you move that into an Enclave smart contract it's not going to cause


you huge fee but once it's inside the Enclave smart contract and you want to move it whether


you want to move it out of the Ethereum sorry Enclave smart contract or whether you want to


send it someone else on their Ethereum address or on their Enclave wallet address it's going


to cause you the fee that I have just mentioned for HASHIN for $55 and for XSIMUS's verification


around $45 and $50 yeah.


Okay sounds good thank you.


Yeah thank you for covering that.


I'm going to go into the next questions that we're going to be covering.


If you have specific questions everyone is live feel free to either throw your questions


live in the chat and as we move through the end of this episode we'll try to cover a few


more of these but because Shaw I think it would be a good part myself and Michael saw a


number of questions around atomic swaps with Enclave could we touch on this a little bit


more because I think this could help you know hit five birds with one stone type we


have our atomic swaps with Enclave if you'd like to tell me just a little bit.


So as I mentioned we are not having any kind of atomic swaps for now it's like we will


be making some kind of bridge which will be using this multi-sick wallet feature on


QR blockchain.


The reason that we cannot have atomic swaps is just because the way the atomic swaps itself


work is not post quantum secure you know like if you're using ecdls say cryptography we


are using XMSS script of graph.


So you know there's no there's nothing that we can like build atomic swap on these things


like if the two blockchains are using ecds then yeah we can build these atomic


swaps but yeah right now I don't see the scope of atomic swaps but yeah we have the


research team you know inside research team working on these things so including the


atomic swatch too so once we have something from research we will see we will look into


it and because if we try to build a post quantum secure atomic swap then it means like we


need to again build that crypto build that overall this atomic swap what was it the post


quantum atomic swap algorithm into the smart contract because ecds is not post quantum


secure and then we need to evaluate if it is feasible or not in terms of gas fee because


if the gas fee will be too high then it's completely senseless to have atomic swap so yeah


we are not planning to do atomic swap at least for the first version of this enclave but


yeah in future we can have this atomic swap feature.


Thanks for covering that the kind of that's a good that's good I'm sure a lot of people


want to hear that at least as far as where that's going moving forward.


Michael do you want to I think we had a couple other really some good questions from the community


I saw a few if you want to pull one there's one from winter mute there was a number of other


ones I think we already covered the one from m quantum is there any other ones you want me to pop


up here in real time I think that winter mute one might be a good one to cover next.


So you winter mute asks directly where the creation of one e q r t requires the burning of one q r l


creating demand from ethereum users who want some level of quantum resistance.


The quantum computer resistance.


Yeah I'm popping there first part of the question here so that's that's the first part directly.


I think is what it is asking is the is the when you convert when you convert quan is it a one is it


one to one when you can when you burn you actually burn a quanta when you write it out to the smart


contract I think it's an inflationary question as you know are they are they are with q r l and


would q r l be inflating or deflating versus what it is.


Okay so on q r blockchain itself like if someone moving quanta from q r blockchain to ethereum blockchain.


So for that purpose we are going to have a multi-seagwall it where they need to send the funds


and that will be locked. So on q r blockchain it's not burning and on ethereum site on ethereum


blockchain we will be creating the equivalent amount of eq r t token and then we will provide that


specific ethereum address which has basically logged his funds on the q r blockchain.


But if someone moving his eq r t token from ethereum blockchain to q r l blockchain.


So in that case I like I had last conversation with Peter so we decided that in that case in


eq r t token will be burned on ethereum blockchain site and on q r l blockchain site we are going to


unlock that equivalent amount of q r l token and we'll provide that to the user who has actually


created or resulted into the burning of that equivalent eq r t token. Although it we are like trying


to do it as one is to one migration but the thing is there is involved some fees. There is a fees


and we need to look into like how are we going to cover the fees. So maybe a foundation is going to


support the fees then that's one thing but yeah we will look into it like what will be with the


fees and who is going to pay that. So but basically we will be doing one is to one transaction. Now


maybe like user has to pay the ethereum gas fee to unlock that eq r t token that they have


migrated from q r l or so that's all it will work but yeah it will be one is to one migration.


Thank you. Thank you very much. We have a question here from let's see we got to I'm going to


the chat for a second. Here's one strike from Craig with the gas fees for a lattice based


enclave solution that geometry is looking at instead of the hash base version e dramatically less


is that clickable to pop that one up and see. First looking through a few more of these other


questions. Okay I think a good one there was a few questions are related before we maybe we'll go to


those ones in a second. There's a few good questions on the UAE United Arab Emirates


Development Hub. What could you share with us in terms of kind of the kind of the kind of


purpose I view of how that's important. What is to come there we have so much nuance that stuff still in


the early stages but what can you tell us at a high level in terms of the development up there


on a lot of people in the community here. Yeah I know lots of people are excited and very


much curious about what we are going to do with this Dev Hub. So the whole purpose or the whole


idea of having this Dev Hub is to add more developers in the team and it's like you will be


you will be seeing this impact in the upcoming months. Maybe after six months or eight months but yeah


we are going to hire aggressively but the right talent it's not like we are just going to have


anyone because we now know that there is lots of things that has to be done and we need more


helping hands to get a quality over quantity too. Yeah of course so we need we have lots of ideas


and we need to do everything parallelly because right now we with the limited resources we


are doing things like in a serial way like we do this then we do that then we do another thing


so it's kind of serial process so what we are trying to achieve with this UAE Dev Hub is like to


bring more people on the team to bring right quality of developers and then to work on the different


ideas related to Q&A blockchain parallelly so it's like one thing doing one stuff one thing doing


another stuff like you we can already we've seen that in couple of months six or seven months


we will be seeing the results of this Dev Hub. Cool thanks thank you for covering that


that helps explain it from a high level pretty good. John Tider asks can you give some metrics


on the efficiencies gained by using a layer 2 rather than a non chain ether so I think we are


talking about any efficiencies in either direction whether or not to use the smart contracts or


layer 2 blockchains technology. We thought about layer 2 when we were facing high transaction fee


issue due to this XMS's verification but the point is there's no point of having a layer


2 solution if you know like it will not be quite a resistant. So the layer 2 of it works is like


any layer 2 or site chain basically the deploy a smart contract on Ethereum blockchain and if you


want your token to be available on that site chain or that layer 2 chain then you need to


depose it your token into that particular smart contract and then equivalent amount of that token


is created on that site chain so that you can make swapping or make transactions anything you want


and when someone tries to like someone tries to get out of that layer 2 blockchain and


he needs to give a proof a proof which is basically verified based on the validators which


are working on the layer 2 blockchain and making some kinds of commitment using ECD SL algorithm


so that's where the problem comes in even if we if we deploy the enclave wallet into layer 2


because these validators are committing on Ethereum blockchain using ECD SA algorithm


that creates the problem for it is like it cannot be post quantum secure so this is why we


dropped the idea of using a layer 2 solution and so there's no point of generating metrics for that


but yeah the other alternative is like if someone creates a post quantum secure layer 2


site chain so in that case the fees or like it will be reduced tremendously yeah but how what


will be the fees how much will be the the effect of this reduction is like it's very subjective


point it depends upon how the fees are calculated on that site chain it's every blockchain have


their own ways to calculate the fees. The M has a very high fee another blockchain doesn't have


that very much high fee so these things are subjective so yeah currently there is no point of


using a layer 2 unless we create our own quantumization layer 2 but in that case fees will be


dramatically reduced very very low and it will it can become very much efficient for anyone to


make a transaction on layer 2 quantum secure blockchain rather than using that and


clear which is deployed on the ethereum itself. So Koshal thank you for that I have a couple


questions on that one. So I mean with the layer 2 solutions you have to have essentially and


when you say it's like almost like an SDK as far as that you can publish out so all the layer


2s can can talk to each other properly because you all rather than having all your consensus and all


your code contained within your blockchain now you're doing now you're you know interacting directly


with them at a different layer so I don't think there's any quantum secure first of all if you


had to you'd have to build that right you know the build that interoperability that exists


and then you'd also have to write it in whatever language it is so the scale of that it would be


pretty large to do it's because it just doesn't involve the quantum secure code it and you know it


also it also involves a lot of other code just to be able to just to be able to do layer 2 so


yeah great I mean what are your thoughts? I mean yeah if we implement layer 2 soles in quantum


resistance then that will be great but you have that a lot of scope and a lot of work has to be


done for that and maybe once we have more developers on the devapt then we can think about a layer 2


solution but the only problem with the existing layer 2 solution is the way they make the commitment on


the theorem blockchain which is itself not ecds so anything you implement post quantum on layer 2


and someone tries to withdraw his funds from layer 2 then it's verified against the same ecds


commitment and then proof is calculated so this could be manipulated and this is why


layer 2 solution is not feasible the existing layer 2 solution is not feasible but yeah if we create


our own post quantum secure layer 2 solution then that will be like it will have a tremendous


reduction in the fees yeah if anyone out there knows of a quantum quantum resistant layer 2 let us


know I don't know of one same yeah because I mean because the other flip side of the argument was


you could just build in another platform if you wanted that which we were going a lot of retooling but


yeah yeah Michael before before I go into kind of a wrap up question as we close in on the episode


I know did you have one or two more questions that you wanted to cover or did that one cover


and I know you mentioned you might have had a few I didn't want to jump into any other ones until


let's do let's do one more let's see discord forest asks is the dev hub going to be made of


remote developers or is there a geographical restriction essentially on what you're looking for


is that one of the call players right it's kind of covert situation right so yeah I think initially


we need to start from remote work so because it's not feasible the restrictions are can change


like the flight rules regulation changing every day sometimes the countries are banned to travel


sometimes countries are allowed to travel so we don't want people to get a stranded in one of the


specific countries so yeah we are focusing to initially start with remote developers yeah and geo


agnostic right now especially with stuff like can change what what's in rule right now might change


by country to country so yeah that answers that answers that yeah because I'm coming from India


to you and the flight was actually banned and just opened yesterday yeah yeah so uh two-bit


determines on uh with all that stuff but there's a lot of uh variables at play one question that I think


um would help just kind of lead in the direction I think based on the way this conversation is going


I think probably maybe next month or so we maybe have a part two to this because there are so many


quality questions that um we're seeing people asking regarding enclave and um the topic at


Ann today for today's AMA um but kind of as a wrap up we're hitting around the 30 minute mark for


today's AMA um I'd like to wrap up today's chat by talking about now more of a broad question of


you know instead of just saying oh well went out will enclave be ready I kind of want to ask more of


uh where are we at now with enclave and what is to come over the next quarter throughout the rest


of 2021 and what direction is is the ship headed and um just to kind of give people um an idea


of all the stuff that's already been worked on what stuff is currently in progress and a lot of the


exciting stuff that is is to come so I think if we cover this within a few minutes this would help


lead us into the next episode when yourself and Michael and I hop back on to continue with uh you


know a part two of this enclave AMA yeah I mean that's interesting question and it's like


with enclave as I already said we have this excellencies verification has to


verification unit test everything ready the thing is we are looking to how can we make it is


like how can make it easier to use so we are like building mobile apps the UI on the web applications


so everything's to make enclave easier to use so that anyone can use it easily and it's like


the one of the thing that we there's time that we have uh put out more you know the more focus is


like usability it should be easy to use for any user so how much easier can we make it I know


there are a few things that because if you want quantum security quantum level security then you


have to go through some of this new uh new way to make the transaction some of the unit to take


some of the paints but yeah still we are trying out from our side best to make the overall UI make


different applications so that people can easily keep track of their one-time tokens which I said


in terms of hashchains their excellencies public keys private keys they can whether it's in mobile


application or they are using a web application they should be easily able to make transaction


and so that's what's the main focus and that's where we are working right now so for the backend


it's almost radius there's nothing like a big deal to make changes there's very small


changes that we are working on on the front end we are trying our best to make things easier for


user to use and yeah so that's how it's we are right now thank you kushau for covering that


we have any other wrap-up questions about for part one of today's enclave and um


you covered a number of them already do you have any last closing ones uh I don't have any other


questions um I think kushau's comments were we're good to hear on the uh on the user interface being


worked on um simplicity is the ultimate sophistication yeah right um so you know in anything you know


and i also think anything that we can do to take some of the fear factor out of working on you


know um adding to your portfolio something that's quantum secure and crypto because crypto just by


itself is I mean we live it and breathe it but it's by itself is such a tight it's a long and


excuse me broad learning curve right so sounds good that's all I have thank you no we really appreciate


it uh thanks kushau for uh for joining us and uh kind of it's seen from from your perspective and


um there's just a lot of stuff being done that uh isn't always talked about it's uh front facing so


it's nice to have you be able to help explain it for us to be able to um show the community and


other people that are newer to our project um to learn a bit more um from the inside but


um for everybody that's watching this um we will be having uh part two for this probably


um sometime in the next one to two months depending on uh schedules but kushau um Michael and I


appreciate you uh chatting with us today and for everyone that's viewing at home um if you


haven't already if you're if you're new to our project make sure that you go to you know like


qrl.org we'll learn a bit more about um what projects all about um learn about on clay um join


our vibrant discord community and other social channels online and until next episode uh we appreciate


you joining us and kushau and strike I'm gonna sign off and have a great rest of the day and we


will see you all in the next qrl live episode take care bye bye thank you


PoS vs PoW - Which is Superior?

On it in today's episode, we are going to be discussing proof of work or POW versus POS,


PoS vs PoW - Which is Superior?

proof of stake, and which is superior.


PoS vs PoW - Which is Superior?

So let's dive into today's episode and find out which is better comparing and contrasting


PoS vs PoW - Which is Superior?

the two.


PoS vs PoW - Which is Superior?

This beginning to witness unprecedented technological growth in areas such as AI in quantum


PoS vs PoW - Which is Superior?

computers.


PoS vs PoW - Which is Superior?

But what does this mean for Bitcoin and blockchain?


PoS vs PoW - Which is Superior?

Welcome to the QRL Live, where we discussed the collision of quantum computing, blockchain


PoS vs PoW - Which is Superior?

AI and cryptocurrency, some of the most compelling and emergent technologies today.


PoS vs PoW - Which is Superior?

The field of quantum computers is one of the newest and most promising areas of science,


PoS vs PoW - Which is Superior?

and its implications could very well disrupt our world in unpredictable ways.


PoS vs PoW - Which is Superior?

State of the Air Machines are being built today that, in the future, could be as disruptive


PoS vs PoW - Which is Superior?

as the transistor, television, possibly even the internet.


PoS vs PoW - Which is Superior?

We can no longer ignore these implications.


PoS vs PoW - Which is Superior?

What does this mean for Bitcoin and crypto?


PoS vs PoW - Which is Superior?

What is the current scene therefore blockchain is considered classically secure from


PoS vs PoW - Which is Superior?

modern supercomputers?


PoS vs PoW - Which is Superior?

However, there is a potential vulnerability in nearly all blockchain projects.


PoS vs PoW - Which is Superior?

In that a sufficiently powerful quantum computer running short as algorithm could effectively


PoS vs PoW - Which is Superior?

take over the addressing scheme, empty wallets, disrupt applications, and cripple


PoS vs PoW - Which is Superior?

entire cryptographic networks.


PoS vs PoW - Which is Superior?

Scientists, developers, and researchers have not about this emerging threat for some


PoS vs PoW - Which is Superior?

time now.


PoS vs PoW - Which is Superior?

In response, the NIST has been working since 2016 to develop post-quantum secure cryptography.


PoS vs PoW - Which is Superior?

In fact, the brightest minds in science and cryptography are working on solutions to this


PoS vs PoW - Which is Superior?

problem right now.


PoS vs PoW - Which is Superior?

The QRL project is a purpose-built quantum computer resistant, doubly audited industrial


PoS vs PoW - Which is Superior?

quality cryptocurrency that uses the NIST recommended XMSS hash-based signature scheme,


PoS vs PoW - Which is Superior?

which is provably quantum resistant.


PoS vs PoW - Which is Superior?

So what does this even mean?


PoS vs PoW - Which is Superior?

It means that we develop the blockchain technology of tomorrow in order to keep your digital


PoS vs PoW - Which is Superior?

assets secure today.


PoS vs PoW - Which is Superior?

Welcome to QRL Live.


PoS vs PoW - Which is Superior?

Let's dive in.


PoS vs PoW - Which is Superior?

Hey everyone and welcome back to another episode of the Quantum Resistant Ledgered Channel,


PoS vs PoW - Which is Superior?

the place where you come for the crypto and stay for the quantum.


PoS vs PoW - Which is Superior?

In today's episode of the QRL show, we are going to be discussing POS vs POW, which


PoS vs PoW - Which is Superior?

is superior, and kind of just talking about comparing and contrasting the different consensus


PoS vs PoW - Which is Superior?

mechanisms.


PoS vs PoW - Which is Superior?

And with me for today's episode is our Director of Outreach and my co-host QRL.


PoS vs PoW - Which is Superior?

Michael Strike, it's good to have you here to discuss this topic.


PoS vs PoW - Which is Superior?

I know this has been debated for a while in crypto circles, but it's good to have you


PoS vs PoW - Which is Superior?

with me.


PoS vs PoW - Which is Superior?

Yeah, yeah.


PoS vs PoW - Which is Superior?

Thanks.


PoS vs PoW - Which is Superior?

Proof of work, proof of stake, benefits, pros cons.


PoS vs PoW - Which is Superior?

We're going to try and touch on a lot of that today.


PoS vs PoW - Which is Superior?

It's probably one of the most arguable questions in crypto.


PoS vs PoW - Which is Superior?

So let's talk about it.


PoS vs PoW - Which is Superior?

Yeah, and just to kind of how they can also live in unison side by side as well.


PoS vs PoW - Which is Superior?

And for everyone that's viewing this, you can have a little bit of an outline in a framework


PoS vs PoW - Which is Superior?

where we're going to lead through the combo or a syllabus.


PoS vs PoW - Which is Superior?

We're going to first talk briefly about consensus mechanisms.


PoS vs PoW - Which is Superior?

From there, we'll lead into the core of the conversation.


PoS vs PoW - Which is Superior?

So we'll do compare in a contrast of head to head.


PoS vs PoW - Which is Superior?

So proof of work, proof of stake, kind of talk about some of the pros and cons of each from


PoS vs PoW - Which is Superior?

fairness to participation, to security, our take on which might be better.


PoS vs PoW - Which is Superior?

And then we'll finally wrap it up with an AMA that's related to this topic at hand.


PoS vs PoW - Which is Superior?

But strike, I want to ask the first question since we're primarily basing this conversation


PoS vs PoW - Which is Superior?

on two types of consensus mechanisms, which are proof of stake and proof of work.


PoS vs PoW - Which is Superior?

I want to start out as a leading question and ask, what is, can you define for us and for everyone


PoS vs PoW - Which is Superior?

watching?


PoS vs PoW - Which is Superior?

And if you already know what a consensus mechanism is, just bear with us for the first


PoS vs PoW - Which is Superior?

30 seconds while we jump into it.


PoS vs PoW - Which is Superior?

But for the three or four people that might not know, what is a consensus mechanism?


PoS vs PoW - Which is Superior?

And maybe we can talk about some other types of them.


PoS vs PoW - Which is Superior?

Sure.


PoS vs PoW - Which is Superior?

Like I said, most people probably already know what consensus is and how it's used in blockchain,


PoS vs PoW - Which is Superior?

but if not, it's important to know why it's needed.


PoS vs PoW - Which is Superior?

So today we, essentially today we have two types of systems that exist.


PoS vs PoW - Which is Superior?

We have a traditional, we have traditional permission systems that might be active, you


PoS vs PoW - Which is Superior?

can go back to directory or something similar.


PoS vs PoW - Which is Superior?

And non permission systems, which are blockchain systems, some of us might remember, might


PoS vs PoW - Which is Superior?

remember some other programs like Napster and things like that were that were distributed.


PoS vs PoW - Which is Superior?

I don't remember if they were permission or not, but historically, nearly all distributed


PoS vs PoW - Which is Superior?

systems were permissioned.


PoS vs PoW - Which is Superior?

Think about a cell phone tower and a SIM card.


PoS vs PoW - Which is Superior?

And all identities are known.


PoS vs PoW - Which is Superior?

Today we have non permissioned distributed systems in which you don't use authentication.


PoS vs PoW - Which is Superior?

You instead use pseudo anonymous encryption.


PoS vs PoW - Which is Superior?

So permissionless and distributed aren't special on their own.


PoS vs PoW - Which is Superior?

The novel part is the combination of being distributed and permissionless is the whole point.


PoS vs PoW - Which is Superior?

Because that didn't always exist.


PoS vs PoW - Which is Superior?

There were some implementations, I think throughout the 80s and 90s, and this was tried


PoS vs PoW - Which is Superior?

to various Bitcoin precursors were attempted.


PoS vs PoW - Which is Superior?

But obviously those didn't stand the test of time.


PoS vs PoW - Which is Superior?

So this novel aspect of being distributed and permissionless at the same time, it's also


PoS vs PoW - Which is Superior?

sometimes called the Byzantine generals problem.


PoS vs PoW - Which is Superior?

It's interesting to look up if you're not aware of what that is.


PoS vs PoW - Which is Superior?

So essentially what consensus mechanisms allow for distributed systems to agree on a state.


PoS vs PoW - Which is Superior?

That's it.


PoS vs PoW - Which is Superior?

They all have to agree on a story.


PoS vs PoW - Which is Superior?

Right?


PoS vs PoW - Which is Superior?

And to take it into non digital terms, it's like if you think about the Byzantine generals


PoS vs PoW - Which is Superior?

problem, like a picture, like an old fashioned movie and picture that they're all about


PoS vs PoW - Which is Superior?

to attack a castle.


PoS vs PoW - Which is Superior?

And it's like they're coming from all different angles.


PoS vs PoW - Which is Superior?

How do they all at the same time?


PoS vs PoW - Which is Superior?

How do they all come to the same consensus and knowing what the other ones are doing?


PoS vs PoW - Which is Superior?

But just if you go to Google, type in, type that in.


PoS vs PoW - Which is Superior?

You'll easily see a bunch of good resources, whether you want to read, read material or


PoS vs PoW - Which is Superior?

see video on it.


PoS vs PoW - Which is Superior?

But that's a good recommendations, right?


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

So let's go over different types of consensus mechanisms.


PoS vs PoW - Which is Superior?

So what do we have?


PoS vs PoW - Which is Superior?

We've got, there's more than proof of work, proof of state.


PoS vs PoW - Which is Superior?

We've got proof of work, proof of stake.


PoS vs PoW - Which is Superior?

There's proof of capacity.


PoS vs PoW - Which is Superior?

There's proof of space.


PoS vs PoW - Which is Superior?

There's proof of elapsed time.


PoS vs PoW - Which is Superior?

And my personal favorite is probably at least the way that it's sounds is proof of space


PoS vs PoW - Which is Superior?

time, which I didn't even know existed actually.


PoS vs PoW - Which is Superior?

It mean you explain that one.


PoS vs PoW - Which is Superior?

I know I've heard you say it once or twice, but I'm not familiar with that one.


PoS vs PoW - Which is Superior?

And it means that the consensus mechanism is proving that someone that it participant


PoS vs PoW - Which is Superior?

on the network had enough storage capacity ain't over a certain amount of time.


PoS vs PoW - Which is Superior?

So it's space time.


PoS vs PoW - Which is Superior?

Yeah, it's not.


PoS vs PoW - Which is Superior?

It sounds cool.


PoS vs PoW - Which is Superior?

Going back to Einstein and all that.


PoS vs PoW - Which is Superior?

But there's also a consensus that doesn't even resemble a blockchain called directed


PoS vs PoW - Which is Superior?

acyclic graph or a DAG.


PoS vs PoW - Which is Superior?

And this is a network of transactions linked to other transactions.


PoS vs PoW - Which is Superior?

Blocks don't exist in.


PoS vs PoW - Which is Superior?

So it's just a change.


PoS vs PoW - Which is Superior?

It blocks don't even exist.


PoS vs PoW - Which is Superior?

If blockchain is a list, if blockchain is a link of change to your example, then a dagger


PoS vs PoW - Which is Superior?

directed acyclic graph is a tree, a bit like a Markle tree, and branch is out from one


PoS vs PoW - Which is Superior?

transaction to another and so on and so on.


PoS vs PoW - Which is Superior?

So with all these consensus mechanisms, many of them have several things in common.


PoS vs PoW - Which is Superior?

They don't need to have all of these.


PoS vs PoW - Which is Superior?

There are no requirements specifically for a consensus mechanism other than to just make


PoS vs PoW - Which is Superior?

sure all network parts had participants agree on the story, right?


PoS vs PoW - Which is Superior?

Or the state.


PoS vs PoW - Which is Superior?

Number one, open non permission to participation.


PoS vs PoW - Which is Superior?

So you can doesn't require.


PoS vs PoW - Which is Superior?

You don't have to ask or gain permission, right?


PoS vs PoW - Which is Superior?

You can just enter the network and you can leave the network with that.


PoS vs PoW - Which is Superior?

There's something called late spawning.


PoS vs PoW - Which is Superior?

Network parts which means network participants can jump in and out at will, right?


PoS vs PoW - Which is Superior?

The exact number of exact participants might not even be known.


PoS vs PoW - Which is Superior?

If you log into a corporate network and it's at work and you're talking over the


PoS vs PoW - Which is Superior?

when you're talking about files over here, there's usually some centralized authority


PoS vs PoW - Which is Superior?

and it's usually active directory that maintains the user database and that system knows


PoS vs PoW - Which is Superior?

what people are logged in.


PoS vs PoW - Which is Superior?

In this decentralized non permissioned blockchain, that's not a requirement.


PoS vs PoW - Which is Superior?

In fact, it's probably that it's probably that with most blockchains you don't know who's


PoS vs PoW - Which is Superior?

logged in.


PoS vs PoW - Which is Superior?

Essentially, this allows all the participants to agree on an order of input value.


PoS vs PoW - Which is Superior?

It's fundamentally this comes down to trust.


PoS vs PoW - Which is Superior?

I don't have to trust the participants because I trust the encryption, right?


PoS vs PoW - Which is Superior?

In the number of nodes can vary over time, they can scale up, they can scale down,


PoS vs PoW - Which is Superior?

you know, late spawning, jump in and out.


PoS vs PoW - Which is Superior?

I think that answers.


PoS vs PoW - Which is Superior?

I think that answers the question.


PoS vs PoW - Which is Superior?

Yeah, it definitely does.


PoS vs PoW - Which is Superior?

Kind of from here, what I think would be good is if we kind of go into the gist of it with


PoS vs PoW - Which is Superior?

proof of work and proof of stake, so kind of going through a few different parts that I mentioned


PoS vs PoW - Which is Superior?

from fairness to participation to security, kind of going through these one by one and then


PoS vs PoW - Which is Superior?

kind of covering one at a time and then some stuff, you know, comparing contrast in a sense.


PoS vs PoW - Which is Superior?

So I think the first one we should start with is when in terms of proof of work and proof


PoS vs PoW - Which is Superior?

of stake, what constitutes fairness?


PoS vs PoW - Which is Superior?

So obviously there are two different systems, but what constitutes fairness in your mind


PoS vs PoW - Which is Superior?

for both these systems?


PoS vs PoW - Which is Superior?

So this is one of the tenants of blockchain, right?


PoS vs PoW - Which is Superior?

Fairness, one of the other tenants is trustless, you know, it's not that we don't trust,


PoS vs PoW - Which is Superior?

we're not saying we don't trust people, but the blockchain is based on this trustless


PoS vs PoW - Which is Superior?

technology and fair is fundamental.


PoS vs PoW - Which is Superior?

It has to be fair, right?


PoS vs PoW - Which is Superior?

Otherwise, if the system favors, if the system has, has favorites, right?


PoS vs PoW - Which is Superior?

And then it's not equitable and it doesn't ultimately systems like that don't last.


PoS vs PoW - Which is Superior?

So proof of work, fairness, in proof of work, fairness is how much hardware are you bringing


PoS vs PoW - Which is Superior?

or how much hash rate are you bringing?


PoS vs PoW - Which is Superior?

So the more hardware you have, the faster hardware you have, you increase your hash is


PoS vs PoW - Which is Superior?

per second, right?


PoS vs PoW - Which is Superior?

Bitcoin, A6, that's proof of work, that's what proof of work is saying fair.


PoS vs PoW - Which is Superior?

The proof of stake, fairness is bringing more coins to be staked within the network, to be


PoS vs PoW - Which is Superior?

put on hold, to be locked down, right?


PoS vs PoW - Which is Superior?

So proof of work says more hardware, which takes capital and proof of stake says more


PoS vs PoW - Which is Superior?

coins, which also takes capital.


PoS vs PoW - Which is Superior?

So you can see that those are, those are, even though they're fundamentally different,


PoS vs PoW - Which is Superior?

the way that you influence your participation on the network, the way they get their


PoS vs PoW - Which is Superior?

still requires capital.


PoS vs PoW - Which is Superior?

So that, that feels like kind of a wash to me kind of.


PoS vs PoW - Which is Superior?

Yeah, and it's just different for, and this kind of, I think this one leads in really


PoS vs PoW - Which is Superior?

well to the next question, which is requirements for participation.


PoS vs PoW - Which is Superior?

So you have the proof of stake side where it's like, if you want to be a validator,


PoS vs PoW - Which is Superior?

you need 32 ETH or if you're, you know, putting enough, a portion of that towards like


PoS vs PoW - Which is Superior?

a pool or whatever, you have that on one side and then with proof of work, obviously there


PoS vs PoW - Which is Superior?

is, you know, if you have equipment, if you're doing, if you're mining, you need the electricity,


PoS vs PoW - Which is Superior?

are they internet to be able to do that?


PoS vs PoW - Which is Superior?

But let's, let's, let's switch on this one a little bit for requirements of participation


PoS vs PoW - Which is Superior?

kind of comparing one to the other here.


PoS vs PoW - Which is Superior?

Sure, so proof of work doesn't require proof of work systems, don't require an initial


PoS vs PoW - Which is Superior?

investment other than the hardware hardware.


PoS vs PoW - Which is Superior?

Once you buy the hardware, you jump in, you can jump in, jump in, jump in, jump in, jump


PoS vs PoW - Which is Superior?

in, pop out of the network, however you want.


PoS vs PoW - Which is Superior?

It's very, very, it's very, it's very freedom based.


PoS vs PoW - Which is Superior?

Proof of, proof of stakes a little bit more restrictive.


PoS vs PoW - Which is Superior?

You do in order to stake capital in, essentially mine, you stake your capital, you put it


PoS vs PoW - Which is Superior?

up like I said earlier, and you have to have that ahead of time, right?


PoS vs PoW - Which is Superior?

So you have to purchase it ahead of time instead of buying the, instead of buying the hardware.


PoS vs PoW - Which is Superior?

But there's also different rules under proof of, it's a bit, it's a little bit more controlled.


PoS vs PoW - Which is Superior?

For example, proof of stake systems sometimes have a cooldown period.


PoS vs PoW - Which is Superior?

So in order to decrease volatility of, of, of, of the price of a coin, for example, if you


PoS vs PoW - Which is Superior?

wanted to stake, you can stake few steps, click, click, click, click, done.


PoS vs PoW - Which is Superior?

If you want to un-stake, probably the same number of clicks, but you might have to wait


PoS vs PoW - Which is Superior?

30 days in order for your fun, in order for your funds to be liquid so that you can actually


PoS vs PoW - Which is Superior?

use them.


PoS vs PoW - Which is Superior?

So proof, that one, I don't know, I like the proof of work in Bitcoin.


PoS vs PoW - Which is Superior?

I like the ability to jump in and out of a network and not having any required, you


PoS vs PoW - Which is Superior?

know, not having really any requirements other than just an internet connection, electricity


PoS vs PoW - Which is Superior?

and an internet as, or, and hardware as you said, and proof of stake is a little more


PoS vs PoW - Which is Superior?

restrictive, but also in, it's restrictive theoretically in the interests of the project.


PoS vs PoW - Which is Superior?

So you decide.


PoS vs PoW - Which is Superior?

Yeah, and this, the, this kind of might tie back more to fairness than participation


PoS vs PoW - Which is Superior?

too than you also have like, with proof of work also like miners if, depending on the price


PoS vs PoW - Which is Superior?

fluctuation, they can also have negative profit as well.


PoS vs PoW - Which is Superior?

So it's like, you're, you're comparing two systems that are, are of different economic


PoS vs PoW - Which is Superior?

natures.


PoS vs PoW - Which is Superior?

So that, that's kind of makes the conversation interesting too in that you're, you're


PoS vs PoW - Which is Superior?

comparing two different flavors, but let's, let's go from the participation, participation


PoS vs PoW - Which is Superior?

part in go into the security aspect because I think here, you have one that's, you know,


PoS vs PoW - Which is Superior?

tried and true, it's been around for a long time and proof of stake, which is obviously,


PoS vs PoW - Which is Superior?

you know, there's pros and cons to both, but let's talk about the security aspect of both


PoS vs PoW - Which is Superior?

these mechanisms.


PoS vs PoW - Which is Superior?

Sure.


PoS vs PoW - Which is Superior?

So this one's a little more interesting.


PoS vs PoW - Which is Superior?

I've been given this thought the past couple days.


PoS vs PoW - Which is Superior?

Proof of work.


PoS vs PoW - Which is Superior?

Okay, so let's use Bitcoin as, as the example for proof of work, Nakamoto consensus, right?


PoS vs PoW - Which is Superior?

Miners are all competing to break a crypto, could graphically hard puzzle and essentially


PoS vs PoW - Which is Superior?

what that is is the leading number of zeros in the hash header.


PoS vs PoW - Which is Superior?

They're trying to break it.


PoS vs PoW - Which is Superior?

They're essentially trying to crack the code.


PoS vs PoW - Which is Superior?

So this is the, this is Nakamoto consensus.


PoS vs PoW - Which is Superior?

In this consensus mechanism, as soon as, it assumes that the majority of the hash rate is


PoS vs PoW - Which is Superior?

all being done by honest miners.


PoS vs PoW - Which is Superior?

Okay.


PoS vs PoW - Which is Superior?

So as long as you have enough honest miners, you're fine.


PoS vs PoW - Which is Superior?

Proof of stake, instead of solving a crypto graphically difficult puzzle, POS relies on


PoS vs PoW - Which is Superior?

gain, a bit more on game theory in which actors are encouraged to participate positively


PoS vs PoW - Which is Superior?

because they're rewarded to participate positively.


PoS vs PoW - Which is Superior?

And if they exhibit, if they, if they act, if they act like a naughty child in the exhibit


PoS vs PoW - Which is Superior?

bad behavior, then they, you can end up having what's called your funds slashed, which


PoS vs PoW - Which is Superior?

means you, you, you can lose up to 100% of everything that you have, you have state.


PoS vs PoW - Which is Superior?

So that doesn't, that slashing aspect doesn't exist with proof of work.


PoS vs PoW - Which is Superior?

The idea is the idea is so in proof of stake, the ultimate idea is that if I have my own capital


PoS vs PoW - Which is Superior?

stake, I want to ensure the integrity of the network.


PoS vs PoW - Which is Superior?

Yeah, it aligns.


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

So what about, so then I think after that, I asked myself, what about a competing project


PoS vs PoW - Which is Superior?

that doesn't have an intra, an invested interest in making sure that this project succeeds,


PoS vs PoW - Which is Superior?

could they attack the network of using proof of stake?


PoS vs PoW - Which is Superior?

They could, but you could also do, or make the same argument on proof of work and that


PoS vs PoW - Which is Superior?

you could also purchase a lot of mining equipment and, you know, try and create, try to


PoS vs PoW - Which is Superior?

create bad, you know, bad blocks.


PoS vs PoW - Which is Superior?

But at the end of the day, as I, you know, as I think about it, I like the, I lead a little


PoS vs PoW - Which is Superior?

bit more towards proof of work to where there's less variability in my mind is to solve


PoS vs PoW - Which is Superior?

in a math problem than something that relies on expected the human behavior.


PoS vs PoW - Which is Superior?

Yeah, so much.


PoS vs PoW - Which is Superior?

So that makes sense as far as that goes.


PoS vs PoW - Which is Superior?

And I think, I mean, I kind of the, the extreme graphic way I would describe of like proof


PoS vs PoW - Which is Superior?

of stake of being like why people wouldn't go against it or bad actors is if you relate


PoS vs PoW - Which is Superior?

it to like how someone is mining for proof of work, picture you are, you're, you're


PoS vs PoW - Which is Superior?

doing proof of work mining, but like put it in like a proof of stake scenario, that would


PoS vs PoW - Which is Superior?

be like you immediately doing something wrong, they slash you and all of a sudden all


PoS vs PoW - Which is Superior?

of your mining hardware is burned immediately.


PoS vs PoW - Which is Superior?

Like there wouldn't be an incentive to do something bad because they're taking all of


PoS vs PoW - Which is Superior?

your stake or not or a portion of it.


PoS vs PoW - Which is Superior?

Like it doesn't align for you to go against it because you're negatively being impacted


PoS vs PoW - Which is Superior?

based on trying to do something that is unethical or whatever.


PoS vs PoW - Which is Superior?

But I think that covers it with the security part.


PoS vs PoW - Which is Superior?

What I want to do is the last part is I kind of want to get your take and I'll kind of


PoS vs PoW - Which is Superior?

give you mine on which is better.


PoS vs PoW - Which is Superior?

And I kind of look at between proof of work and proof of stake.


PoS vs PoW - Which is Superior?

Instead of saying, oh, I think one is much better than the others.


PoS vs PoW - Which is Superior?

I kind of, they're two different systems.


PoS vs PoW - Which is Superior?

So neither is better or worse.


PoS vs PoW - Which is Superior?

And I have a couple analogies I like to use.


PoS vs PoW - Which is Superior?

I kind of like, this one's a little bit far stretched because in the end of my analogy,


PoS vs PoW - Which is Superior?

it really doesn't work well.


PoS vs PoW - Which is Superior?

Like picture proof of work and like a sports analogy is like Michael Jordan, like in his


PoS vs PoW - Which is Superior?

prime.


PoS vs PoW - Which is Superior?

So Michael Jordan, whether you're basketball fan or not, he was the one of the greatest


PoS vs PoW - Which is Superior?

basketball players of all time, you know, in his prime, he was when in championships, he


PoS vs PoW - Which is Superior?

was a veteran and then around for 10 plus years similar to how Bitcoin was.


PoS vs PoW - Which is Superior?

And he, you know, he's going strong.


PoS vs PoW - Which is Superior?

It's a system, a mechanism that people know is work, tried and true.


PoS vs PoW - Which is Superior?

And the analogy here in regards to proof of stake would be like when Michael Jordan just


PoS vs PoW - Which is Superior?

retired out of nowhere and tried to switch to be a professional baseball player.


PoS vs PoW - Which is Superior?

So that's like switching to, you know, proof of stake system.


PoS vs PoW - Which is Superior?

So there's potential there, but like it's early in its infancy.


PoS vs PoW - Which is Superior?

So maybe a better analogy would be a plane that's been in service for 10 years would


PoS vs PoW - Which is Superior?

be proof of work.


PoS vs PoW - Which is Superior?

It's been around for a long time and proof of stake would more be like a plane that's


PoS vs PoW - Which is Superior?

taken off.


PoS vs PoW - Which is Superior?

It's going up in the air.


PoS vs PoW - Which is Superior?

But the pilot hasn't come and on and announced that you can take your seatbelt off yet.


PoS vs PoW - Which is Superior?

So I'm sure the plane's going to get up just fine, but there might be some bumps along


PoS vs PoW - Which is Superior?

the way and it's still very early in its infancy.


PoS vs PoW - Which is Superior?

So when you're comparing the two mechanisms, there's very different.


PoS vs PoW - Which is Superior?

So it's, I think it's more of a, you know, they're different.


PoS vs PoW - Which is Superior?

They can be side by side, be harmonious, but I'm not bashing one or the other.


PoS vs PoW - Which is Superior?

That's my take on it.


PoS vs PoW - Which is Superior?

Sure.


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

It's almost a, as much technical technological problem as it is a philosophical question.


PoS vs PoW - Which is Superior?

So you had a point where you were saying, telling me something, I think you said this


PoS vs PoW - Which is Superior?

recently, I think it kind of ties to this.


PoS vs PoW - Which is Superior?

You were saying something about, you know, history doesn't repeat itself, but it does


PoS vs PoW - Which is Superior?

arrive in regards to the monetary history and stuff.


PoS vs PoW - Which is Superior?

Could you, could you elaborate on that a little bit?


PoS vs PoW - Which is Superior?

Because I think this is a good point.


PoS vs PoW - Which is Superior?

Okay.


PoS vs PoW - Which is Superior?

So I'm going to, this is going to be one of strikes.


PoS vs PoW - Which is Superior?

It's going to be a little long winded.


PoS vs PoW - Which is Superior?

It might be a little bit, but, you know, as, as tried to be a student of monetary history.


PoS vs PoW - Which is Superior?

So, okay.


PoS vs PoW - Which is Superior?

So with proof of work, proof of stake, I agree with you.


PoS vs PoW - Which is Superior?

Neither is, I don't think that neither is particularly better.


PoS vs PoW - Which is Superior?

I think they both have their place.


PoS vs PoW - Which is Superior?

And if we, if we were going to take a historical monetary history analog and extrapolate


PoS vs PoW - Which is Superior?

that for the future based on crypto today, we might, you might be able to tell where things


PoS vs PoW - Which is Superior?

are headed.


PoS vs PoW - Which is Superior?

So let me explain that.


PoS vs PoW - Which is Superior?

I'm going to start off.


PoS vs PoW - Which is Superior?

We're going to take, take it back a little bit and go to the gold standard.


PoS vs PoW - Which is Superior?

Right.


PoS vs PoW - Which is Superior?

So the gold standard was a monetary system.


PoS vs PoW - Which is Superior?

It was used around the world where a country's currency or paper, or paper money, also


PoS vs PoW - Which is Superior?

called Fiat, has the, the value directly linked to gold in some way.


PoS vs PoW - Which is Superior?

With the gold standard, countries agreed to convert paper money into a fixed amount of gold


PoS vs PoW - Which is Superior?

in back and forth.


PoS vs PoW - Which is Superior?

The appeal of the gold standard was that it takes control of the issuance of money out


PoS vs PoW - Which is Superior?

of the, out of the hands of imperfect humans.


PoS vs PoW - Which is Superior?

Okay.


PoS vs PoW - Which is Superior?

So with the physical quantity of gold acting as a limit to that issuance, only so much currency


PoS vs PoW - Which is Superior?

can exist.


PoS vs PoW - Which is Superior?

So you might present in Hoover once famously said, we have gold because we cannot trust


PoS vs PoW - Which is Superior?

governments.


PoS vs PoW - Which is Superior?

You know, he said that 1933 when these addressing Roosevelt and however due to the enormous


PoS vs PoW - Which is Superior?

costs of World War One, we of course signed in the, there was, there was a gold reserve


PoS vs PoW - Which is Superior?

act of 1934, which made it illegal for private citizens to almost gold.


PoS vs PoW - Which is Superior?

I don't know if a lot of people know that at one point in time, just, just, you know, it


PoS vs PoW - Which is Superior?

wasn't that long ago, it was illegal to hold most forms of gold.


PoS vs PoW - Which is Superior?

So yeah, less than 100 years ago.


PoS vs PoW - Which is Superior?

So yeah, exactly.


PoS vs PoW - Which is Superior?

So I'm getting, I'm getting to the point that I'm driving at.


PoS vs PoW - Which is Superior?

This ownership restriction eventually did get lifted, but the US dollar, of course,


PoS vs PoW - Which is Superior?

eventually completely left the gold standard.


PoS vs PoW - Which is Superior?

And now we live in what's, it's, we were in, it was the bread.


PoS vs PoW - Which is Superior?

Oh, it was, it was called bread.


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

So it was, was Bretton Woods, they called it Bretton Woods and now we're post Bretton


PoS vs PoW - Which is Superior?

Woods.


PoS vs PoW - Which is Superior?

And, which means that today all currencies float against each other.


PoS vs PoW - Which is Superior?

When the US dollar went completely off the gold standard, at that point in time, sovereign


PoS vs PoW - Which is Superior?

countries had their currencies pointed to dollar when they, so, and because they're


PoS vs PoW - Which is Superior?

pointed dollar, they were still backed by gold.


PoS vs PoW - Which is Superior?

But when the US went off the gold standard, it took everybody off the gold standard.


PoS vs PoW - Which is Superior?

So as an analog to, as an analog to monetary history, I can see a future, I can see, I can


PoS vs PoW - Which is Superior?

imagine, I'm not safe for sure this is what would happen.


PoS vs PoW - Which is Superior?

I can see future of great, once we hit greater crypto adoption in which Bitcoin, a lot of


PoS vs PoW - Which is Superior?

people have heard it referred to as digital gold, right?


PoS vs PoW - Which is Superior?

Acts as the hardest earned money available, right?


PoS vs PoW - Which is Superior?

It, I mean, because it's, it's the hardest to earn because it requires actual physical


PoS vs PoW - Which is Superior?

work.


PoS vs PoW - Which is Superior?

But altcoins, proof of stake, or using proof of stake or other consensus variants of it,


PoS vs PoW - Which is Superior?

and that pegged a Bitcoin, much like sovereign currencies, country sovereign currencies


PoS vs PoW - Which is Superior?

are pegged to the US dollar still yet today, right?


PoS vs PoW - Which is Superior?

So altcoins already have these pagings on crypto exchanges.


PoS vs PoW - Which is Superior?

If you look at the pairings, you look at UCBTC, the ETH, whatever it is, but, and a lot


PoS vs PoW - Which is Superior?

of times people walk it back to USD being the world reserve currency, but you see it


PoS vs PoW - Which is Superior?

crypto to crypto very more and more now.


PoS vs PoW - Which is Superior?

Yeah, so it's almost, it's almost kind of like, Bitcoin is digital gold.


PoS vs PoW - Which is Superior?

And if you were to scale back time a little bit, digital gold being tied to the world reserve


PoS vs PoW - Which is Superior?

currency brings up obvious questions could Bitcoin end up becoming the world reserve


PoS vs PoW - Which is Superior?

currency, I think it's possible.


PoS vs PoW - Which is Superior?

I respect, but I don't fall into the camp of the Bitcoin maximalisms.


PoS vs PoW - Which is Superior?

There's only, you know, there's only one truth because I think there's always room for technology


PoS vs PoW - Which is Superior?

to scale better and new ideas, right?


PoS vs PoW - Which is Superior?

So I don't know if the flipping as the flipping as they call it.


PoS vs PoW - Which is Superior?

I don't know if that's going to happen where Bitcoin or where ETH flips Bitcoin's market


PoS vs PoW - Which is Superior?

cap.


PoS vs PoW - Which is Superior?

So where does QRL, the question is, right?


PoS vs PoW - Which is Superior?

Where does QRL tie into all of this?


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

Okay.


PoS vs PoW - Which is Superior?

So QRL acts as essentially a quantum computer insurance policy to your Bitcoin, which as


PoS vs PoW - Which is Superior?

we talked about earlier, does have potential, potential to become the world reserve currency.


PoS vs PoW - Which is Superior?

No world reserve currency has ever lasted forever.


PoS vs PoW - Which is Superior?

Once countries start to debase their currency, once they take it off being pegged to something


PoS vs PoW - Which is Superior?

with finite supply, once they start clipping silver from coins, once they start


PoS vs PoW - Which is Superior?

from 1964, 1965, and 1964 quarters and times were 90% silver, 1965, one year later,


PoS vs PoW - Which is Superior?

Nickel, I think, some alloy.


PoS vs PoW - Which is Superior?

And all of those coins through, it's called Gresham's Law, good money, good money separates


PoS vs PoW - Which is Superior?

itself from bad money.


PoS vs PoW - Which is Superior?

So those coins just appeared, right?


PoS vs PoW - Which is Superior?

Yeah, they got taken out of circulation.


PoS vs PoW - Which is Superior?

Yeah, it's really hard to find a 1964 quarter.


PoS vs PoW - Which is Superior?

And if you have one, it's like people, they had it long term and it was like maybe putting


PoS vs PoW - Which is Superior?

a case and like passed down from like, you know, a grandparent or someone else, a family


PoS vs PoW - Which is Superior?

member, but you're not going to see about the circulation.


PoS vs PoW - Which is Superior?

No, I get changed to the grocery store.


PoS vs PoW - Which is Superior?

But I haven't used changes stuff in so long.


PoS vs PoW - Which is Superior?

So, but I still know what it looks like.


PoS vs PoW - Which is Superior?

Well, it's frustrating is it actually told my friend once years ago, any phone one in


PoS vs PoW - Which is Superior?

like two days, 96, whereas we aren't.


PoS vs PoW - Which is Superior?

But anyway, QRL ties into this because we act as this quantum computer, quantum computer


PoS vs PoW - Which is Superior?

insurance policy, right?


PoS vs PoW - Which is Superior?

If you look at the progress being made in this field, it is the chart looks, I don't


PoS vs PoW - Which is Superior?

know, it's compared to like the national debt chart or it just kind of just goes parabolic,


PoS vs PoW - Which is Superior?

you know, for us.


PoS vs PoW - Which is Superior?

It's like you're going for a hike and then all of a sudden it's like Mount Everest and


PoS vs PoW - Which is Superior?

like, you know, the steep part of it.


PoS vs PoW - Which is Superior?

Yeah, I remember, I remember just wasn't how long ago.


PoS vs PoW - Which is Superior?

I thought $11 trillion was a lot of national debt.


PoS vs PoW - Which is Superior?

Apparently I was wrong.


PoS vs PoW - Which is Superior?

That's not a lot of money, even though it's unmanageable how much money that actually


PoS vs PoW - Which is Superior?

is.


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

So, with all the progress being made in the quantum field, our project essentially protects


PoS vs PoW - Which is Superior?

you against the quantum threat because, you know, we're doubly audited industrial grade, you


PoS vs PoW - Which is Superior?

know, all the things that we said and all the things that were said in the intro video.


PoS vs PoW - Which is Superior?

So, but here's the thing in kind of closing my thoughts, I'd like to, and I may touch


PoS vs PoW - Which is Superior?

on this subject, I think it's a really great question.


PoS vs PoW - Which is Superior?

What we've talked about, what money is, right?


PoS vs PoW - Which is Superior?

It's got to be fungible, it's got to be durable, it's got to be, it's a unit of account,


PoS vs PoW - Which is Superior?

it has to be divisible, there's a bunch of properties, right?


PoS vs PoW - Which is Superior?

But really money, what money is is it's stored energy, it represents your hard work, the


PoS vs PoW - Which is Superior?

work that you've done, right?


PoS vs PoW - Which is Superior?

At the end of the day, I'm going to leave this question, is hard work be it mining in the


PoS vs PoW - Which is Superior?

ground, like gold, silver, precious metals, electromotive force, ASICs, right?


PoS vs PoW - Which is Superior?

Using electricity, bitcoin, or human sweat, are those fundamental requirements of honest


PoS vs PoW - Which is Superior?

money?


PoS vs PoW - Which is Superior?

So, I'm going to pulse that one to our audience a little bit, and we may touch upon that


PoS vs PoW - Which is Superior?

subject a little later.


PoS vs PoW - Which is Superior?

But that is proof of stake, proof of work.


PoS vs PoW - Which is Superior?

That's a good way to wrap it up before we dive into AMA.


PoS vs PoW - Which is Superior?

So if you want to answer that question that Michael asked, drop it in the comments, or


PoS vs PoW - Which is Superior?

if you just want to pose it within our AMA coming up in a minute, that would be awesome.


PoS vs PoW - Which is Superior?

Now, we're going to do a little bit of AMA now depending on questions based on the episode


PoS vs PoW - Which is Superior?

topic today.


PoS vs PoW - Which is Superior?

I'm just pulling off the chat box really quick and seeing if we have anything in here


PoS vs PoW - Which is Superior?

for today.


PoS vs PoW - Which is Superior?

And if you think about that question, it's hard work required, proof of work is the hard


PoS vs PoW - Which is Superior?

work, right?


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

So, stake is the money coming from a set of rules instead of being physically, you know,


PoS vs PoW - Which is Superior?

physically worked for, right?


PoS vs PoW - Which is Superior?

So, yeah.


PoS vs PoW - Which is Superior?

One question I had, which was I just saw this one in one of the chats.


PoS vs PoW - Which is Superior?

It's not, I don't have it to pull up here within the stream, but it's a question or,


PoS vs PoW - Which is Superior?

well, I want to get your take strike on, it's kind of around returns, yields and taxes


PoS vs PoW - Which is Superior?

and I know it's like with proof of stake and proof of work, it's like obviously like


PoS vs PoW - Which is Superior?

Ethan Bitcoin are using these certain mechanisms.


PoS vs PoW - Which is Superior?

But what's your take on where this leads down the road with yield in terms of like one


PoS vs PoW - Which is Superior?

versus the other, because with when someone is saying earning the stake in rewards, that's


PoS vs PoW - Which is Superior?

like I'd say a taxable, that could be a taxable event.


PoS vs PoW - Which is Superior?

And like depending on what country you're in, I think it's still early on in the process


PoS vs PoW - Which is Superior?

of governments deciding how they're going to be taxing crypto, it's still very early on.


PoS vs PoW - Which is Superior?

But what's your take on this?


PoS vs PoW - Which is Superior?

Because I think that as people are deciding over the coming years throughout the 20s and


PoS vs PoW - Which is Superior?

into, you know, 2030s, they're going to be looking and saying, okay, well, where can they


PoS vs PoW - Which is Superior?

get a good return?


PoS vs PoW - Which is Superior?

But there's also going to be a lot of pros and cons that they're going to be weighing.


PoS vs PoW - Which is Superior?

So when it comes to someone that's deciding, okay, well, let's say I have a certain amount


PoS vs PoW - Which is Superior?

of money, I want to allocate somewhere.


PoS vs PoW - Which is Superior?

Let's say with proof of stake they want to stake some need.


PoS vs PoW - Which is Superior?

They're going to be taxed differently than if they decide to put that money into something


PoS vs PoW - Which is Superior?

say like Bitcoin and they're not getting taxed until later.


PoS vs PoW - Which is Superior?

How do you think about this in terms of how the systems are, or how that, that weighs


PoS vs PoW - Which is Superior?

into the conversation a little bit?


PoS vs PoW - Which is Superior?

I think that as the technology progresses, sovereign governments are going to have to come


PoS vs PoW - Which is Superior?

up with their own unique and sustainable ways in which to properly tax crypto.


PoS vs PoW - Which is Superior?

I'm not anti-tax, obviously.


PoS vs PoW - Which is Superior?

I'm not anti-government at all.


PoS vs PoW - Which is Superior?

But I do believe in, I prefer dangerous freedom over peaceful slavery, right?


PoS vs PoW - Which is Superior?

To someone very much more famous than myself.


PoS vs PoW - Which is Superior?

But I think that each government is going to have to come up with their own rules and


PoS vs PoW - Which is Superior?

regulations.


PoS vs PoW - Which is Superior?

And as far as I know, not tax advice, as far as I know in the United States, the taxable


PoS vs PoW - Which is Superior?

event is only when you convert it into fiat and that doesn't get stable coins or included.


PoS vs PoW - Which is Superior?

But that's one of the questions of our time.


PoS vs PoW - Which is Superior?

How will society governments and taxes, when governments, when governments, they're


PoS vs PoW - Which is Superior?

not, one of their biggest roles is simply to expand.


PoS vs PoW - Which is Superior?

Governments never shrink, right?


PoS vs PoW - Which is Superior?

Unless there's, unless there's some sort of revolution.


PoS vs PoW - Which is Superior?

They all deserve the problem.


PoS vs PoW - Which is Superior?

And there's a point of critical mass, I think.


PoS vs PoW - Which is Superior?

It's part of cycle of empire theory, right, where you can only get so big and you can


PoS vs PoW - Which is Superior?

only take on so many wars.


PoS vs PoW - Which is Superior?

If you look at the connection between war and taxes and crypto, that synergy, it'll


PoS vs PoW - Which is Superior?

be interesting to see here in the next, let's say 10 years.


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

What's a good resource I have amongst myself and other members of the team, sometimes


PoS vs PoW - Which is Superior?

people will ask like, hey, where's a good starting place?


PoS vs PoW - Which is Superior?

I know this one is a little less tied to today's specific episode and more, a little


PoS vs PoW - Which is Superior?

bit more project based.


PoS vs PoW - Which is Superior?

But where's a good starting place if someone is maybe they want to just kind of learn


PoS vs PoW - Which is Superior?

a little bit more about the quantum threats and where stuff might be headed?


PoS vs PoW - Which is Superior?

And this is not in any way or being saying anything of any fighting or shilling.


PoS vs PoW - Which is Superior?

This is more of like an exploratory of someone wants to learn a little bit more.


PoS vs PoW - Which is Superior?

Where is a good starting place?


PoS vs PoW - Which is Superior?

I know obviously with our channel, we cover a plethora of topics that they can go through


PoS vs PoW - Which is Superior?

and click through some of our old videos and see kind of get a little bit of more of


PoS vs PoW - Which is Superior?

a taste for what our projects about.


PoS vs PoW - Which is Superior?

But where's a good starting place as far as I know obviously we have the qrl.org, but


PoS vs PoW - Which is Superior?

we also FAQQ.info.


PoS vs PoW - Which is Superior?

Where's maybe a good recommendation that you would start them with?


PoS vs PoW - Which is Superior?

So docs.accural.org, you can see the documentation, definitely recommend reading Peter's


PoS vs PoW - Which is Superior?

white paper.


PoS vs PoW - Which is Superior?

Yeah.


PoS vs PoW - Which is Superior?

There's also FAQQ.info and there's a ton of information that we've covered on our YouTube


PoS vs PoW - Which is Superior?

channel.


PoS vs PoW - Which is Superior?

If you're looking for something specific, we're living at the intersection of two complex


PoS vs PoW - Which is Superior?

technologies, right?


PoS vs PoW - Which is Superior?

Blockchain and quantum computers, source, algorithm, encryption factorization.


PoS vs PoW - Which is Superior?

These are complex topics and especially with the two put together.


PoS vs PoW - Which is Superior?

It's definitely very niche oriented.


PoS vs PoW - Which is Superior?

If you have specific questions, jump into the Discord group and bring your questions up.


PoS vs PoW - Which is Superior?

We have people that are, we have a lot of people there that have been there since the


PoS vs PoW - Which is Superior?

beginning of the project and they're in there every day, right?


PoS vs PoW - Which is Superior?

And very passionate and definitely definitely some colorful characters as well.


PoS vs PoW - Which is Superior?

So if you have questions that you can't get answers to, jump in there and ask.


PoS vs PoW - Which is Superior?

Thanks.


PoS vs PoW - Which is Superior?

That's a good kind of starting place.


PoS vs PoW - Which is Superior?

And in wrapping up today's episode, as always, if you are not already subscribed to our


PoS vs PoW - Which is Superior?

channel, make sure you hit that little subscribe button and the bell icon so that when we


PoS vs PoW - Which is Superior?

come out with new episodes each week, you are the first to be informed with each of those


PoS vs PoW - Which is Superior?

when it's convenient for you to watch.


PoS vs PoW - Which is Superior?

And in today's closing of this episode, Michael, I want to thank you for chatting for a little


PoS vs PoW - Which is Superior?

bit about Proof of State, Proof of Work.


PoS vs PoW - Which is Superior?

I know probably we could have kept going on with the economics of it, maybe even talking


PoS vs PoW - Which is Superior?

about a few other aspects, but there is going to be more episodes to come.


PoS vs PoW - Which is Superior?

So I appreciate you taking a few minutes or a little bit of time out of your data chat


PoS vs PoW - Which is Superior?

with us about this topic.


PoS vs PoW - Which is Superior?

And for those of you viewing at home, I appreciate you joining us and being a part of today's


PoS vs PoW - Which is Superior?

episode.


PoS vs PoW - Which is Superior?

And until next time, I keep your digital asset secure.


PoS vs PoW - Which is Superior?

And Michael and I will see you in the next QR all episode.


PoS vs PoW - Which is Superior?

Have a good address today.


PoS vs PoW - Which is Superior?

Thank you.


How do you Create a Quantum Resistant Wallet? Full QRL Wallet Walkthrough

In today's episode we're going to be doing a full QRA wall walkthrough and we're going to show you the various ways in which to set up a wallet


The first of those being in the browser with a web wallet to wear a paper wallet in the second being a hardware wallet with a device such as a ledger


And lastly, we're going to move a few transactions in real time so you can see exactly how it works.


What is going on everyone and welcome back to another episode of the Quantum Resistant Ledger channel your video portal into the world of post quantum digital asset security.


In today's episode we're going to be doing a full QRA walkthrough we're going to be showing you a variety of ways to create a new wallet, do some transactions live and with me for today's episode is my co host Michael strike our director of outreach strike it's great to have you with me as always.


Back again.


Perfect. Well do you want to do have what we start out by going through QRA a wallet creation I will do the browser web wallet paper wallet and after I go through that is it cool with you if you do the hardware


ledger wallet.


Yeah so I'll run through the ledger and that'll give you our viewers watching two different ways with some pros and some cons as to how to create QRA wallet and a lot of the information will actually apply to other wallets as well too so yeah we can do that let's get started.


Perfect. Well I am going to do a quick screen share and we will dive right into create a wallet and QRA.


Okay so we are here in the browser and we are going to be creating a web wallet so we're going to first go to wallet at the qrl.org this is the by far the easiest introductory way to create a new QRA wallet.


So what you'll do is go to the wallet at the qrl.org once we get here we want to create a strong passphrase as the starting point. What I recommend you doing if you don't already have a way to generate strong passwords is just go to Google or whatever search engine you use.


Go to what is called a strong random password generator once you're here we want to select a strong length for a password so I recommend at least minimum going with 16 characters once you're here.


Just scroll down and make sure that this is generate on your device check boxes clicked this just make sure that your password is not being sent out across the internet it's not going to be it's just happening locally so make sure before you get your generate password make sure that's clicked.


We're going to generate a password here copy it and bring it back to our qrl web wallet creation tab once we're here we're just going to be pasting that passphrase that we've created in here and we're going to go down to the next section and you'll see here that you have the ability to change the tree height and in short the tree height this here shows tree height 10 that there are 1,024,


1,024, one-time signatures so think of the tree height as in the higher the tree height the more time it's going to take because you have to generate additional keys so when you're creating this you can select any of these you can select really high one but it's going to take more processing power and take more time so just keep that in mind the default is tree height of 10 that should work fine.


The same with the hash function the default is the 128 going with the default here is completely fine so once we do this we have our passphrase we've selected our tree height and our hash function we're going to click here and create our wallet just take some moment.


We are now presented with the Savior Wallet file right now and this is really important it's just kind of a warning note to say hey make sure when you get to this next page you're not just forgetting about it and then you're going to lose all your private information later that's really important for your wallet so just hit the I understand part here we are presented with your wallet details so here you have your qrl address your mnemonic phrase your hex seed.


And they're all here and what you want to do is you can go about saving this information this important info and a few different ways.


The first way you can do is we can save it securely and this will just create a JSON file as you can see it right down here and we can use this to securely open your wallet.


Another way you can do this is you can save it unencrypted here and if you it's just giving you the heads up that hey this is in the most recommended way you can do that.


Another thing you can do is use it as a paper wallet you can write down your mnemonic or your hex seed with your passphrase and make sure that you have these written down in a place.


But whatever method you go about it just make sure that you take a little bit of time at this step to make sure that you are saving these details in a secure way so that not only you can find them easier later when you need to access them but you're not just leaving a big vulnerability.


So what we are going to do is we've saved this file securely so what we are going to do is we are going to hit open a wallet here.


We are going to since we have that JSON file we're going to hit choose file we are going to select it right here what we are going to do then is we are going to take our passphrase that we already created and hit unlock wallet.


At this step it will take a moment and we are just going to open up directly into our new QRL wallet.


What you can also do here is if you prefer to access and open your wallet in a different way we are just going to close this for a second and we are going to go to open a wallet if you don't want to do the JSON file.


What you can do is you can just hit nomenic phrase here and we are just going to copy our nomenic phrase from my notes tab and you are just going to paste that in here and you can unlock a wallet in the same manner going using your nomenic phrase or your hexade.


So really whichever preference you have all of them can unlock your wallet.


Now we are going to hand the screen over to strike and he is going to show you how to create a hardware wallet with the ledger.


So this is the ledger nano S there is also an X edition which is wireless but for the purposes of this video we are just going to use the S.


So this is how you set it up.


Welcome to the ledger nano and we are going to set this up as a new device.


If you have a previous recovery phrase you can use that and it will bring you will be able to restore all of your wallets just from your recovery phrase.


It is important to make sure you have always keep your recovery phrase those 24 words that we are going to create because you can restore them on any ledger nano device


and be able to recover your wallet.


So we are going to do this.


We are going to set up as a new device and we are going to choose a pin code.


I am going to just pick some random numbers here.


We are going to do 8, 7, 5, 4, 6, 7, 6, 7.


Next you are going to get what is called your recovery phrase that I was talking about and the device is going to randomly generate this phrase.


This phrase of all of your regarding your hardware wallet is the most important thing you cannot lose it.


Otherwise you will never be able to restore your wallets if you lose your ledger or something else happens.


Okay, so for the first word we have much.


The third word is gold.


I think you get it so I am going to speed this along a little bit until we get to the final word.


Okay, so I have verified the mnemonic phrase.


All 24 words.


So now we are going to press both buttons to continue.


The ledger is going to say processing and it says now your device is ready.


Okay, so this is the main menu on the ledger.


So next what we need to do is install the ledger live app and on the computer and install the QRL wallet.


So let's do that next.


All right, the next thing we are going to do is install the ledger live app.


So we are going to go here to ledger.com, HG TPS, colon four of slash four slash, double double ledger.com.


Make sure you are at the right site.


And we are going to download the binary for desktop live.


Install that.


Yes, install.


And we will execute it.


Okay, here it is.


So at this point what you're going to do is take your nano plug it into USB port.


Now your machine, give it power and it's going to ask you for your pin code right away.


So the same pin code we created earlier.


I'm piping it into the nano right now.


8.7, 5, 4, 6, 7, 6, 7.


And if you are wondering why it seems to start off as a random number each time you select the digit.


If it started off at zero someone could technically count video tape or count the number of times that you are pushing the buttons.


The numbers are randomized each time so that it also randomizes the visual input.


So someone can't get your password just by watching you push the buttons.


So I've entered my password.


My ledger now says set the settings.


So we are going to go to manager.


And I'm going to push both buttons on the ledger.


Right now it says allow ledger manager.


And this is where you will install your crypto wallet.


So do search for QRL.


Just going to install that.


And right now it is uploading the QRL application to my ledger.


Okay that runs pretty quickly.


Okay so now on my ledger I can see the QRL app.


So the next step is we're going to generate the Merkel tree on the ledger.


And basically which basically creates the wallet on the ledger.


So let's do that next.


All right so the next step is to generate the tree.


So let's enter in the pin.


8, 7, 5, 4, 6, 7, 6, 7.


Same one we generated earlier.


Okay and we're going to go to QRL and push both buttons at the same time.


And that noise that you just heard was Windows letting me know that it's that it recognized the nano.


And that it's that it's coming online because it's plugged into the PC.


So what we're going to do right here is we need to generate the Merkel tree.


So we're going to push it says not ready.


We're going to generate it by pushing this button here and then going initialize tree.


And then starting.


So what this is doing is generating your hash based signature tree.


And it's going to take a little while to go through and do that because it has to perform this hashing function in order to build out the tree.


And this is one of the costs of being pulse quantum secure.