Quantum Resistant Ledger TV

Has evolved from being just theoretical, to possible, to demonstrable. So where does the


Quantum Resistant Ledger TV

Q-ral infestation fit into all of this? First off, we believe that blockchain is a technology


Quantum Resistant Ledger TV

that's here to stay. It's already disrupting industries across the world, replacing centralized


Quantum Resistant Ledger TV

organizations often with high overhead, man-hours, and processes with computer algorithms.


Quantum Resistant Ledger TV

Progress in the field of quantum computers is accelerating. A quick comparison between Moore's law


Quantum Resistant Ledger TV

and the proposed Neven's law might give a little bit of context here. Some of technology's greatest


Quantum Resistant Ledger TV

leaders have two things in common. Pioneering solutions to problems that people aren't quite


Quantum Resistant Ledger TV

aware of yet by connecting the dots and inspiring innovation by leading by example. This is why


Quantum Resistant Ledger TV

the team at Q-ral created the first industrial grade, Pulse Quantum Secure, NAST Draft Recommended,


Quantum Resistant Ledger TV

Open Source, third-party audited cryptocurrency, second, we're building an entire ecosystem on top


Quantum Resistant Ledger TV

of our blockchain, let with projects like Enclave, which will allow the ability to pulse quantum


Quantum Resistant Ledger TV

secure other cryptocurrencies like Ethereum. We've built in a femoral messaging stub layer, which uses


Quantum Resistant Ledger TV

lattice transactions, which will allow third parties to build Pulse Quantum Secure communication


Quantum Resistant Ledger TV

applications on top of the blockchain as well. We've added multi-signature wallets support,


Quantum Resistant Ledger TV

which can improve custody issues, meaning that voting mechanism controls the wallet, which can be


Quantum Resistant Ledger TV

owned by a more than one person referred to as a signatory. We also want to implement it support


Quantum Resistant Ledger TV

for the legislative hardware wallets so that your private key can be stored as securely as possible.


Quantum Resistant Ledger TV

And at the time of this YouTube video, we are the most profitable coin to be mined with a general


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purpose CPU, just slightly bobblement in an arrow. Okay, so a rich set of features. Check.


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Third-party audited, provably secure industrial grade protection, open source that's current


Quantum Resistant Ledger TV

tech and future tech secure. Check. But what about the quantum threat? How real is this risk? Are we


Quantum Resistant Ledger TV

actually talking about a real existential threat? And if so, why haven't I heard much about it?


Quantum Resistant Ledger TV

In the next video, I'm going to go over and build a case for why the future is quantum.


Quantum Resistant Ledger TV

The threat to modern encryption and why Q or L provides the ultimate hedge against those


Quantum Resistant Ledger TV

looking to secure their digital assets against technology progresses. Thank you very much.


Quantum Resistant Ledger TV

Welcome back, Crypto Enthusiasts to the official quantum resistant ledger channel,


Quantum Resistant Ledger TV

your video portal in the pulse quantum digital asset security. This video is going to be for


Quantum Resistant Ledger TV

both our discord community and it's also a bit of a hat tip to the Ethereum community. Today,


Quantum Resistant Ledger TV

we're going to introduce you to a project called Enclave, which will show you how to secure your


Quantum Resistant Ledger TV

ether against a quantum computer attack. So the Ethereum 2.0 fork, lots of improvements. Looks


Quantum Resistant Ledger TV

really exciting, honestly. You have sharding coming up, zero knowledge proofs, you're improving


Quantum Resistant Ledger TV

blockchain efficiency, you're lowering transaction fees with these technologies. Guys, it's really


Quantum Resistant Ledger TV

exciting. Personally, I think that one of the biggest hindrances to blockchain right now that's


Quantum Resistant Ledger TV

affecting its adoption is its ability to scale. I think those things are going to help out quite a bit.


Quantum Resistant Ledger TV

Very excited to see progress in this area, proof of stake, Ethereum's going there, so are we.


Quantum Resistant Ledger TV

Just feels like innovation and passion run deep in Ethereum and honestly, we hear at Q or L


Quantum Resistant Ledger TV

know how that feels and we like that. Transparency, trust, immutability, pseudo-nimity, security,


Quantum Resistant Ledger TV

all of these things are core tenants of blockchain. In the spirit of these values, I think it also


Quantum Resistant Ledger TV

comes a freedom of choice. That's why today I'm going to let you know when it comes to your ether,


Quantum Resistant Ledger TV

you're sooning to have another option and that option is to make it quantum secure or not.


Quantum Resistant Ledger TV

But why quantum? If you haven't seen it, take a look at some of our previous videos where we go


Quantum Resistant Ledger TV

a little bit into this topic. Quantum computers are quite cool and I mean that quite literally.


Quantum Resistant Ledger TV

Fact number one, 2016, the NIST or National Institute of Standards and Technology for the United


Quantum Resistant Ledger TV

States initiated a process to solicit, evaluate, and standardize one or more quantum-resistant


Quantum Resistant Ledger TV

public key cryptographic algorithms. This is essentially the NIST calling upon academics on the


Quantum Resistant Ledger TV

public or anyone with knowledge and experience to write and propose new asymmetric or public key


Quantum Resistant Ledger TV

algorithms to be used in the post-quantum era. There are over 60 submissions of which 12 were


Quantum Resistant Ledger TV

broken or significantly intact and five withdrawals from the competition just from round one.


Quantum Resistant Ledger TV

As of June 2020, two quantum secure protocols are in draft recommended state, one of which is


Quantum Resistant Ledger TV

XMSS, the underlying protocol used by the QRL. Fact number two, quantum computers are here now.


Quantum Resistant Ledger TV

D-Wave has been manufacturing quantum computers since I think 1999. IBM recently released the


Quantum Resistant Ledger TV

IBM Q System one last year. Fact number three, in 2019, Google announced quantum supremacy.


Quantum Resistant Ledger TV

So the definition, if you look it up, of quantum supremacy is the construction of a device that


Quantum Resistant Ledger TV

can solve a problem or perform a function that would be unfeasible for any classical computer.


Quantum Resistant Ledger TV

The definition by itself is pretty broad. In Google's case, they were able to perform a function


Quantum Resistant Ledger TV

in 200 seconds that based on their calculations would take a supercomputer 10,000 years to


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complete. So I think that those three points are good takeaways and it appears that quantum


Quantum Resistant Ledger TV

resistance is not on the Ethereum roadmap. So this is where I think the QRL came canal.


Quantum Resistant Ledger TV

Project Enclave is an Ethereum smart contract that creates a quantum secure safe to store your


Quantum Resistant Ledger TV

Ethereum cryptocurrency. If you're not sure what it means, it simply means that using your browser,


Quantum Resistant Ledger TV

you can access your Ethereum and transfer funds into a quantum secure safe all while staying on the


Quantum Resistant Ledger TV

Ethereum blockchain. It's kind of cool. As with all things, there's a bit of a cost. Every time you


Quantum Resistant Ledger TV

invoke a smart contract, in this case, moving your funds in or out of your enclave wallet, you


Quantum Resistant Ledger TV

incur a gas charge from the Ethereum network. The gas charge is a price that's set by minors who


Quantum Resistant Ledger TV

are processing transactions on the Ethereum network. It acts as an incentive for them to process


Quantum Resistant Ledger TV

your transaction. So due to gas costs, Enclave works best as a long-term post-quantum secure


Quantum Resistant Ledger TV

storage solution. It's not something you would want to move your funds in and out every day.


Quantum Resistant Ledger TV

As of June 2020, Enclave is currently running on an internal test network as the code is audited.


Quantum Resistant Ledger TV

So I'm really looking forward to being able to share some sneak peek content in the near future.


Quantum Resistant Ledger TV

Some more information about that is coming out soon. That's it. Feel free to join our Discord


Quantum Resistant Ledger TV

community for more information and thank you for watching. Welcome, YouTubers. It's Michael


Quantum Resistant Ledger TV

Streg from the QRL team. In this video, we're going to cover the latest quantum computer news from


Quantum Resistant Ledger TV

June so that you can assimilate a month of news in just a few minutes. Welcome to the channel and


Quantum Resistant Ledger TV

let's get started. Welcome back, Michael Streg from the QRL team, where we developed the world's


Quantum Resistant Ledger TV

first open source enterprise grade, provably secure, quantum resistant, blockchain, and evolving


Quantum Resistant Ledger TV

ecosystem. If you're new here, click on the subscribe button below and if you want to skip direct


Quantum Resistant Ledger TV

to specific content, click the links below in the description. So Honeywell CEO Darius Adams-Eck


Quantum Resistant Ledger TV

announced that it would bring the world's most powerful quantum computer to market back in March.


Quantum Resistant Ledger TV

Honeywell? Yes. Honeywell, the same company that most consumers associate with. HVAC,


Quantum Resistant Ledger TV

thermostats, air purifiers is behind the scenes creating one of the most state of the art


Quantum Resistant Ledger TV

trapped ion quantum computers. Now, trapped ions are being used by many of the major manufacturers


Quantum Resistant Ledger TV

due to their long decoherence times. Fast forward three months to June 2020 and Honeywell's


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news announcement is that they have built the world's fastest quantum computer when measured in


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IBM's quantum volume. Keep in mind, there are already two commercial quantum computers available,


Quantum Resistant Ledger TV

one from D-Wave and one from IBM that was announced last year. In short, this means that it


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appears two major manufacturers will have brought quantum computers to market in just as many years.


Quantum Resistant Ledger TV

Honeywell claims that their quantum computer that has a quantum volume of 64 is now the world's


Quantum Resistant Ledger TV

fastest. You're probably asking what is quantum volume? So according to IBM, quantum volume is a


Quantum Resistant Ledger TV

hardware agnostic metric that was defined to measure the performance of a real quantum computer.


Quantum Resistant Ledger TV

While classical computer analogies are notorious for not accurately describing the strangeness


Quantum Resistant Ledger TV

of the quantum world and therefore how fast one actually is, there's still basically the best


Quantum Resistant Ledger TV

thing that we have in order to be able to communicate with each other on performance metrics.


Quantum Resistant Ledger TV

So much of this is a lot like the frequency of a CPU and it's expressed in gigahertz is not really


Quantum Resistant Ledger TV

the whole story, just as neither is the number of qubits. A full discussion around quantum volume


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is outside the scope of this video but simply put, it means to take into consideration things like


Quantum Resistant Ledger TV

errors, optimizations, decoherance times, cross talk and overall there's about 11 different


Quantum Resistant Ledger TV

metrics that are baselineed across I think it was about 220 different algorithms in order to


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determine what quantum volume is. In addition, according to Forbes magazine with a team of more than


Quantum Resistant Ledger TV

100 technologists, Honeywell appears to be pioneering cloud-based quantum computer services by claiming


Quantum Resistant Ledger TV

to already have a partnership with J.P. Morgan Chase and are positioning themselves to be able to


Quantum Resistant Ledger TV

charge around $10,000 on our for its machine. It kind of puts a lot of those mining rigs on


Quantum Resistant Ledger TV

nice hash to shame. Even more shocking, Honeywell plans to increase the quantum volume of


Quantum Resistant Ledger TV

machine by a factor of 10 over the next five years. For a total quantum volume of 640,000,


Quantum Resistant Ledger TV

no, whether or not this actually comes true remains to be seen, Honeywell will be able to meet its


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target will see. So, will quantum volume be the standard by which other quantum machines are measured


Quantum Resistant Ledger TV

in the future? I'm not really sure. But I could be argued that one interpretation of good


Quantum Resistant Ledger TV

hard law, being any observed statistical regularity will tend to collapse once pressure is placed


Quantum Resistant Ledger TV

upon it for control purposes, could easily translate into once you set quantum volume as the goal


Quantum Resistant Ledger TV

it ceases to become a good goal. Time will tell, but I did have the opportunity to pose this


Quantum Resistant Ledger TV

question to Mikael Mulska, who is the deputy director at the Institute for Quantum Computing


Quantum Resistant Ledger TV

at the University of Waterloo. He indicated that he doesn't quite see any reason why the current


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trapped ion approaches can't be brought to scale. So Singapore-based Horizon Quantum Computing


Quantum Resistant Ledger TV

announced that it has increased its financing to $3.2 million. So from what I can tell, Horizon


Quantum Resistant Ledger TV

wants to develop tools that are taking existing programs written for conventional computers and


Quantum Resistant Ledger TV

automating the process to adapt them to quantum computers. While I don't think this means


Quantum Resistant Ledger TV

you'll be playing on a quantum-powered Xbox anytime soon, I think that research in this field is


Quantum Resistant Ledger TV

definitely a step in the right direction. There is enough mainstream confusion at the atomic layer


Quantum Resistant Ledger TV

on how devices operate, so I think increasing awareness around how to port existing code is a good


Quantum Resistant Ledger TV

idea. It helps build quantum knowledge into learning schemas for programmers to communicate and


Quantum Resistant Ledger TV

understand how quantum computers work. But I'm definitely looking forward to seeing their progress


Quantum Resistant Ledger TV

on this. Dare I say a project roadmap might be a good idea to see what they have planned? Possibly.


Quantum Resistant Ledger TV

Lastly, don't forget to subscribe. If you don't quite feel like you're up to speed on what's


Quantum Resistant Ledger TV

being called this quantum threat, paste your comments or questions below. Review some of our previous


Quantum Resistant Ledger TV

videos, visit the website at www.duckurl.org or feel free to jump in and talk to us directly in


Quantum Resistant Ledger TV

discord. Thanks for watching. Welcome YouTubers and cryptocurrency enthusiasts, Michael Strike,


Quantum Resistant Ledger TV

and welcome back to the official Quantum Resistance Ledger channel, your video portal in the post-quantum


Quantum Resistant Ledger TV

digital asset security. So today we have a very special episode. You've been asking for it.


Quantum Resistant Ledger TV

We're going to bring it. Today is the Ask Me Anything interview with Dr. Peter Waterland,


Quantum Resistant Ledger TV

who is the creator of the Quantum Resistance Ledger project. So I'm really looking forward to this.


Quantum Resistant Ledger TV

I know you guys are. So let's skip through the intros and let's get on the phone and let's


Quantum Resistant Ledger TV

get started. Welcome back everyone to the Quantum Resistance Ledger July 2020 Ask Me Anything.


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On the phone we have Dr. Peter Waterland. Hello Peter, can you hear me?


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Hi, I'm Michael. Hi, how are you doing? I'm very well thinking. I've been looking forward to this


Quantum Resistant Ledger TV

for a while. As of I. So as you know, since we have the first day in many of the communities


Quantum Resistant Ledger TV

been asking for another one, that might we've compiled a list of questions from the public


Quantum Resistant Ledger TV

off of different social media platforms. But before we get started, for those who aren't familiar


Quantum Resistant Ledger TV

with the Quantum Resistance Ledger project, our project is the first cryptocurrency ecosystem to


Quantum Resistant Ledger TV

be Quantum Computer Resistance, Open Source Enterprise Grade, dual externally audited, and XMSSS


Quantum Resistant Ledger TV

NIST Draft Recommended. I think it would be interesting to know how this project started.


Quantum Resistant Ledger TV

Can you tell us a little bit about what was going through your head, how you connected the dots?


Quantum Resistant Ledger TV

Yeah, sure Michael. Well, I mean, it's some, I've been in the Bitcoin Space since 2012.


Quantum Resistant Ledger TV

That's quite a long time ago now. I also have, although I have a medical background, I've always been


Quantum Resistant Ledger TV

interested in good science and I'm going interested with the programming and coding.


Quantum Resistant Ledger TV

When you first come to Bitcoin, it's such an unusual thing. I was, you know, all struck by it


Quantum Resistant Ledger TV

at first, and I'm sure you've encountered this, but it's hard to understand it at first, but


Quantum Resistant Ledger TV

once you get your head around it, you realise it's an elegant system. Just for my own


Quantum Resistant Ledger TV

reading and learning, I just happened to come across some articles about Quantum Computer


Quantum Resistant Ledger TV

and I became aware at that stage that elliptical cryptography, which powers Bitcoin, you know,


Quantum Resistant Ledger TV

is vulnerable to that. And it just made me think a little bit about it, and then I started


Quantum Resistant Ledger TV

reading about the different signature schemes available, just as it has had an interest really,


Quantum Resistant Ledger TV

to see if I could work through it in my own mind and eventually realise that the most likely


Quantum Resistant Ledger TV

candidate for a post-quantum signature, I could actually understand and then I looked at


Quantum Resistant Ledger TV

a writer, a library, for that, and then sort of following on from that, I realised that I


Quantum Resistant Ledger TV

couldn't have therefore, as an experiment, create a whole new blockchain, a whole new


Quantum Resistant Ledger TV

cryptocurrency that was post-quantum secure using these hash-based signatures, which give


Quantum Resistant Ledger TV

quantum resistance. And in that last way, it sort of started as computer science experiment,


Quantum Resistant Ledger TV

and then it sort of grew from there, and then in the community I was writing on a


Quantum Resistant Ledger TV

lot of that stage, someone said, why don't you write a white paper? And so I did that, and then


Quantum Resistant Ledger TV

it just gradually project his sort of snowball from there. So every humble origin is actually


Quantum Resistant Ledger TV

as growth grown over the years. So not to answer that answer any question.


Quantum Resistant Ledger TV

But one question I did have is, you said that this started as kind of an idea, or as a science


Quantum Resistant Ledger TV

project, at which point did you realise that this was going into a full project, at which point


Quantum Resistant Ledger TV

did it really become real in your head? I think quite early on because the great power of


Quantum Resistant Ledger TV

open source software development is that it's not just, can you start off on your own,


Quantum Resistant Ledger TV

writing code, uploading it to GitHub, and then other people can see what you're doing,


Quantum Resistant Ledger TV

they can join. So I mean this is the great power of internet, although it started with me,


Quantum Resistant Ledger TV

many other people joined the project very early on, a few of the people who still wouldn't


Quantum Resistant Ledger TV

project now. It became a group effort. And if you look at the GitHub repository, thousands of


Quantum Resistant Ledger TV

committees, lots of different people, not just ever just been in about one person, it's a group effort.


Quantum Resistant Ledger TV

When I saw other people in the country, it was a project that's when I realised it was


Quantum Resistant Ledger TV

starting to get the steam. The excitement in the project surprised you at the time when you had


Quantum Resistant Ledger TV

you had this idea in your head and you had published it out there and it started to assume


Quantum Resistant Ledger TV

critical mass, if you will, on its own. Was that surprising or was that organic to you?


Quantum Resistant Ledger TV

I mean definitely was surprising, yeah. It was surprising. From the time I first published


Quantum Resistant Ledger TV

the initial sort of announcement thread, it was clear that people were interested in the idea.


Quantum Resistant Ledger TV

I think the central point that all the high value blockchain networks currently are vulnerable


Quantum Resistant Ledger TV

to a black swan event or not strictly a black swan, but a vulnerable to the emergence of the


Quantum Resistant Ledger TV

continent, which can break the cryptography. That is something which remains today. Even after three


Quantum Resistant Ledger TV

years, even after the creation and growth of our projects, that vulnerability, that critical


Quantum Resistant Ledger TV

vulnerability remains is important. I think there's a lot of, I said, however, there's a lot of


Quantum Resistant Ledger TV

tribalism in the cryptocurrency space to not see flaws in products that you support, which I think


Quantum Resistant Ledger TV

is a dangerous situation potentially. That was one of the reasons why I made the curl in 2016.


Quantum Resistant Ledger TV

Those are really good points. I sometimes chuckle a little bit when I hear even internally within


Quantum Resistant Ledger TV

the team, we use the words black swan or we might say force-majur, something like that. These are


Quantum Resistant Ledger TV

events that could not be foreseen, events that are unexpected. But at the same time, you've been


Quantum Resistant Ledger TV

planning for this for years. In our Discord community, we're all involved in this project. That's


Quantum Resistant Ledger TV

really interesting to me. I've had one other question for you, and that will jump to the community


Quantum Resistant Ledger TV

questions. I think there's a really exciting aspect of organic growth to this project, which is


Quantum Resistant Ledger TV

why personally became involved in the first place. Just the progress we made in the field of


Quantum Resistant Ledger TV

quantum and crypto just seems to be accelerating and undeniable. Both technologies have increasing


Quantum Resistant Ledger TV

adoption. It feels very much like that should provide a lot of natural positive buoyancy to the


Quantum Resistant Ledger TV

project as we move forward. Would you agree with that? Do you have anything to add?


Quantum Resistant Ledger TV

I think I agree with you. There's two aspects out there. One, every day that quantum


Quantum Resistant Ledger TV

computer development goes on and it's been developed in lots of startups and a lot of funding in


Quantum Resistant Ledger TV

that space currently. Every day we go through and we're getting a day closer to that mythical


Quantum Resistant Ledger TV

creature being developed. At the same time, crypto, the space, when I first entered the Bitcoin


Quantum Resistant Ledger TV

space, the market cap was tiny. I only wish I was bought more. But it is now hundreds of billions


Quantum Resistant Ledger TV

of dollars of value and I would expect it to only go higher over the coming years. The risk,


Quantum Resistant Ledger TV

therefore, is rising all the time in my mind. I totally agree with you on that one. I think


Quantum Resistant Ledger TV

I mean, you said natural buoyancy. I think that's correct. What's interesting is that we are, as you know,


Quantum Resistant Ledger TV

our project isn't just a separate blockchain. We are trying to help people secure their existing


Quantum Resistant Ledger TV

crypto assets with our enclave project, which I know we're going to talk about a bit later.


Quantum Resistant Ledger TV

But we are trying to add a bit of quantum security to existing crypto assets and to Ethereum


Quantum Resistant Ledger TV

itself with our site project and to Enclave. I'm looking forward to talking about that a bit more


Quantum Resistant Ledger TV

with you a bit later. I think it's one of these issues where the quantum threat is only going to become


Quantum Resistant Ledger TV

more and more pressing as time is time much as food. It does feel a little bit like you're accelerating


Quantum Resistant Ledger TV

towards a point of no return or a wall or something like that. If you're ready, let's jump to


Quantum Resistant Ledger TV

a few community questions. Is that sound good? Okay. So first one of the first questions we had is


Quantum Resistant Ledger TV

regarding QRL and proof of stake. Is there a minimum? Will there be numbers? I think this question


Quantum Resistant Ledger TV

is asking about minimum staking requirements? How it compares to what Ethereum has planned for 2.0.


Quantum Resistant Ledger TV

Go ahead. Yeah. I mean, that's a really good question.


Quantum Resistant Ledger TV

So at the moment, the QRL is a network where consensus is maintained by proof of work,


Quantum Resistant Ledger TV

essentially, meaning mining nodes, miners, mine, the coin. That's how we decide how we decide


Quantum Resistant Ledger TV

the stupid consensus. That's how every node on the network knows what the blockchain is and how


Quantum Resistant Ledger TV

it's ordered and where the transactions are and where the balance lies in the ledger.


Quantum Resistant Ledger TV

And that's exactly how Bitcoin works and that's exactly how a lot of proof of work change


Quantum Resistant Ledger TV

function. Now, that's great because it's a known quantity. We know works. It's in battle


Quantum Resistant Ledger TV

test to do through decade and although there are weaknesses to it, you know, 50 or percent attacks,


Quantum Resistant Ledger TV

etc. It's a known quantity. A lot of projects have begun to emerge using some of the


Quantum Resistant Ledger TV

called proof of stake and that's a consensus algorithm you achieve distributed consensus based on


Quantum Resistant Ledger TV

random selection and generally wealth of participating nodes or validators


Quantum Resistant Ledger TV

whether we're stake control. So the QRL currently is just proof of work. We are hoping to move


Quantum Resistant Ledger TV

as soon as it's safe to proof of stake and our algorithm which we hope actually to have on


Quantum Resistant Ledger TV

sort of death net this month hopefully. There's quite a few different ways to go but we


Quantum Resistant Ledger TV

because with the QRL we have to choose an algorithm which is quantum,


Quantum Resistant Ledger TV

poise quantum secure. So it can't come vulnerable and it can't add some limitations to our


Quantum Resistant Ledger TV

protocol which are a bit annoying but and have the latest a little bit. Now maybe on


Quantum Resistant Ledger TV

your question, I think you mentioned minimum staking requirements and numbers. So our


Quantum Resistant Ledger TV

protocol has validators record. So and to be a validator you need to have, it's not set in


Quantum Resistant Ledger TV

stony yet but it's either going to be 5000 or 10,000 QRL. So if you have an address that has


Quantum Resistant Ledger TV

20,000 QRL then you will either be able to have four validators from an address or two validators


Quantum Resistant Ledger TV

from that address. So for our current emission we'll be that there will be to be 10,000 QRL


Quantum Resistant Ledger TV

validators. There will be approximately 7,001 and the validators available for everyone to choose


Quantum Resistant Ledger TV

to stake their comments. So our protocol locks your coins for a period called an epoch. During that


Quantum Resistant Ledger TV

time you can't move your coins after that you're freely able to move them. I said minimum is either


Quantum Resistant Ledger TV

5000 or 10,000. Well come on out following the question of the two reaches we go forward.


Quantum Resistant Ledger TV

It's a bit more previous protocol because all there was no minimum staking but we've decided


Quantum Resistant Ledger TV

what consensus and for our randomization protocol that the best way is actually to use of a fixed


Quantum Resistant Ledger TV

statement requirement. So I'd say 5000 or 10,000. It sounds like the protocol itself has


Quantum Resistant Ledger TV

moved forward quite a bit more so than especially in the machine. It's difficult to explain it


Quantum Resistant Ledger TV

through the stake protocol in AMA but we'll be publishing it on a draft protocol and then we'll


Quantum Resistant Ledger TV

publish a final protocol in the coming weeks but essentially we expect our protocol to have


Quantum Resistant Ledger TV

thousands of validators and we use random sampling to choose a leader who is a block


Quantum Resistant Ledger TV

proposal and block minters for each block cycle and then there's random sampling to decide


Quantum Resistant Ledger TV

block attesters, a test date to the content of the block and verify it to be true. In some ways


Quantum Resistant Ledger TV

it's similar to Ethereum our protocol. It doesn't strictly allow delegation but we will make it


Quantum Resistant Ledger TV

such that you can delegate control to a third-party service. That third-party service will have to do


Quantum Resistant Ledger TV

will have to do the work for you but it will be possible to delegate that way.


Quantum Resistant Ledger TV

When I'm a delegated previous state protocol we're a proper previous state protocol so


Quantum Resistant Ledger TV

it will be possible to delegate to a third-party. We're perfectable to run their own node.


Quantum Resistant Ledger TV

We'll come onto that. The second question I have is I understand proof of stake devnet will be up


Quantum Resistant Ledger TV

again soon. We'll stay keen by Raspberry Pi and this presumably means any type of raspberry pi or


Quantum Resistant Ledger TV

atom PC. Will that be available? I think what it actually means is the AESNI instruction set


Quantum Resistant Ledger TV

which the Raspberry Pi does not support which may or may not be able to be software emulated


Quantum Resistant Ledger TV

on the Raspberry Pi. I've heard rumors of that. I haven't actually seen it work but will we be


Quantum Resistant Ledger TV

able to stake using that type of hardware in the future after proof of stake is implemented?


Quantum Resistant Ledger TV

We'll come back to whether we maintain backwards compatibility. As you stand,


Quantum Resistant Ledger TV

no, it's just unfortunate short answer. That said the hardware requirements


Quantum Resistant Ledger TV

are low in the current protocol. It's more important that your node is online than being a kind of


Quantum Resistant Ledger TV

high powered. I think most of the most hardware will be able to run easily but to run this.


Quantum Resistant Ledger TV

You might remember we have slave trees in our existing QRL proof of work protocol which allows you


Quantum Resistant Ledger TV

to delegate signatures without without using your main XMSS tree which is linked to your


Quantum Resistant Ledger TV

QRL address. In a similar fashion you'll be able to delegate signing rights from a slave


Quantum Resistant Ledger TV

they can delegate a state for you but they might be able to move your front. It's starting new


Quantum Resistant Ledger TV

ones but it also allows pretty much safe online staking for someone running a node in the cloud.


Quantum Resistant Ledger TV

You say you're saying you're not an AWS and you're in access to your installation even with


Quantum Resistant Ledger TV

that information even with full root access to that they would not be able to move your points


Quantum Resistant Ledger TV

which is pretty powerful. I think so as well I think the ability to delegate and I have to


Quantum Resistant Ledger TV

run a node in order to do a stake is going to be crucial for adoption of staking in general.


Quantum Resistant Ledger TV

For any of the listeners out there that aren't as familiar with proof of stake or delegation


Quantum Resistant Ledger TV

or staking what this essentially means is in proof of stake your QRL can be locked up essentially


Quantum Resistant Ledger TV

immobilized and while it's immobilized it gaining interest if you will. The next question I have


Quantum Resistant Ledger TV

is curious what kind of TPS you expect from the first iteration I think TPS means transactions per second.


Quantum Resistant Ledger TV

So I think if you look at a lot of projects who have at least a quick piece of amazing achievements


Quantum Resistant Ledger TV

that great can manage. One of the ones that's highest up on the list is how scalable


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how many transactions per second their network can deliver and still function nice.


Quantum Resistant Ledger TV

It's interesting because Bitcoin obviously has a very low transactions per second


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in the theory of slightly slightly better but still very poor. Certainly less than 20


Quantum Resistant Ledger TV

transactions per second so yet there are other projects claiming they can manage thousands and thousands


Quantum Resistant Ledger TV

of transactions per second. Essentially it comes down to how centralized the protocol is, how centralized


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the nodes are, what their network connectivity is and how much computational power they have


Quantum Resistant Ledger TV

between them. Anyone can make a network with an incredibly high transaction per second ability


Quantum Resistant Ledger TV

but whether that's actually going to be something useful or functional for distributed


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network is different matter. So we would expect we haven't been any firm hard figures for you.


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I did a chat with Councillor Burt as well before. The moment we were able to get at least 100


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transactions per second through that it should theoretically be a lot faster than that. So I think


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it's a bit of a meaningless statistic but we will run the decent testing in the cloud and we will


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come back to the figures. It should be certainly no worse than proof of work and I would guess it would


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be significantly better actually. So that's not a good idea. Not a great answer for that one.


Quantum Resistant Ledger TV

Well I think the transaction per second there's multiple schools of thought as the technology


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is the technology matures. You know you can increase transactions per second but I think at the same


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time there's an argument that you're decreasing security. If you're completing a transaction


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faster there's less resources in order to validate the two seem negatively correlated.


Quantum Resistant Ledger TV

Well I don't know how to say anything about it. If you go pay power and you've got some central


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I think the course you can have an incredibly high transaction per second rate. If you start


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spreading across the network across the globe it's inevitably become inefficient. I think the point is


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for the vast majority of blockchains, scalability is not an issue at present but but certainly


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proof of stake things like sharding they do allow much greater scalability than exist at present


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and our protocol is being designed to be potentially adjusted in the sharding if it is required.


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So that's something that could be built in at present. It should be absolutely fine.


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Even in the very first iteration I remember we already seen the next few weeks. Yeah I think


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just add one more thought into what you're seeing. I think Ethereum 2.0 they're bringing sharding


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to scale right and I think the outcome of that result will possibly have advantages to this project


Quantum Resistant Ledger TV

and the blockchain as a whole. Yeah exactly so I think you look at Ethereum


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where a lot of the money share and development is located. It's a difficult problem and it


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takes time to do it properly. It's been Ethereum was supposed to be launched as a POS chain.


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It's still good for work now in 2020 so we'll see. And that's a fair point. I mean people that


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sometimes in other projects and in blockchain as a general the we will the Ethereum for example you


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know 2.0 has been pushed back multiple times. We're not making a new version of the wheel. The


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wheel doesn't exist yet right. There is no book on best practices. Those are being developed.


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Everyone's competing for what they think is the best practice but the next question. When people


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are staking do they need their own node? Think you answered that as well with delegation.


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We've got to do that one. I mean I say the hardware requirements are low for a node that is staking


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that has active validators on it. We've actually got a quite a healthy network at the moment. We


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prefer more people to stay. However it's not entirely necessary. I'd say we are building in the


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ability to delegate permission to stake without risk of losing your own coins. You don't need to


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have a node but we were profers of one one. So I think that leads in to the next question.


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Describe the POS upcoming voting system structure. We have two methods for leadership


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election. Pretty much all previous state algorithms have a period of a number of blocks called


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the need OCC which in the previous days or two but in curl will be more. Let's say there's 100


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blocks in OCC. For each block you need someone to propose a block. You need someone to, you need


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some validators to have stake to verify that block is being valid. We call that process


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attestation and then you need someone to min the block and sign it and then it goes into the chain.


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The press will need some way of knowing who's doing what for each block for the whole OCC.


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If you think about it that process should be random or at least it should be


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pseudo random and a manner which can't be which is unpredictable by participants, by the validators


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of the network. It's quite a difficult problem creating unpredictable pseudo randomness or creating


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uniform randomness is difficult. We actually have two parts to our protocol and we haven't


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decided which way we're going yet but we're going to see what the hardware requirements are to do.


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So we've got one where we're using what's called that there's this concept or something called


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the verifiable delay function is where you have to do sequential iterative computation which


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takes work and takes time and then there's a shortcut answer to prove the done the computation.


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So the idea will be that you ask that you take some entry fee, save from a block hash or from


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several previously randomly selected validators who give a random number each. You combine those


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numbers and you put the block hash and put those combined numbers into this verifiable delay


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function and then it takes time for that function to run and because it takes time, there's no


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way that anyone who put the numbers in can manipulate the outcome and therefore it's effectively


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unpredictable and random. Now the drawback is that there are no really very good verifiable delay


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functions that exist and it's always possible that they could break in the future and of course


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it's possible to use any special hardware potentially to accelerate the computation time down


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considerably and still try and cheat. So we haven't strictly used it or VDF. What we have


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what we're trialing at moment is just a delay function where we use iH to hashing and then we


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distribute the verification process across the cross-validator book. So for example it might take


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10 or 20, 30 minutes for several randomly selected nodes to perform a delay function


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with nodes would post their results into the chain and then the work is then checked by random


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groups we call committees of the validators across the validator pool to make sure the


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computation has been performed correctly. So if you say you have a 30 minute or 20 minute


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calculation it might take 20, 30 minutes for one or for several nodes to run through that


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computation and it would take a few seconds for the rest of the nodes to verify it. That's one way


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we're currently looking out the second way is a similar version to the random output concept by


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Ethereum which you can go ahead and read about and it's very straightforward. We're basically building


Quantum Resistant Ledger TV

both of those into our protocol and we'll decide after a bit of testing which way to go. In essence we


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have random selection by the Earth from random or from a delay function and then that output is used


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for the e-pockets, he decides the leaders who will block propose and mint and random


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testers who will verify the blocks. That's the basic construct. I think that VDF question is really


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interesting just even conceptually kind of goes back to the root of consensus if you think about


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once the task he was putting together a bit coin in the first place. How do you get a large group


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of disparate untrusted parties to agree on something and in this case it's a source of entropy.


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Would you say that's accurate? The key point with all the algorithms is you either have


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a close to random input to decide who's doing what each block and throughout the epoch.


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Who's creating the blocks? Who's verifying them? If I just random and you've got a


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good probability maths behind your random sampling, it's very secure. How you get about getting


Quantum Resistant Ledger TV

that randomness is a big question. There's loads of different ways to do it as we discuss. You can


Quantum Resistant Ledger TV

use commit reveal schemes where you ask people to put a hash of your random number in and then


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then the worry is that the last person who puts the number in is cheating it's going to cheat


Quantum Resistant Ledger TV

with what last act of manipulation. Or you can try and use something novel like a delay function


Quantum Resistant Ledger TV

or a fair file delay function. There's lots of different ways to go. It's going to be a problem that's


Quantum Resistant Ledger TV

going to not be solved anytime soon. In progress I'm getting everything to agree on the same random


Quantum Resistant Ledger TV

number. I can't even give my wife and I can't even agree on what movie to watch tonight, for example.


Quantum Resistant Ledger TV

The problem is considerable. I'm really exciting working something called BLS signatures


Quantum Resistant Ledger TV

which allow you to aggregate signatures and to do things like threshold and photography.


Quantum Resistant Ledger TV

But unfortunately those signatures are not corresponding to secure. Quite a few of the building blocks


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of some of the new projects which allow them to add a bit of scale easily. We can't add an


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effect to use things like a random beacon. I can't take that into our project because it's not


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it's not post-con


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secure. We're a bit hamster. We've got a very strong protocol at the moment so I think it could be


Quantum Resistant Ledger TV

any listening. We'll be very excited to hopefully to read that when it comes out fairly soon.


Quantum Resistant Ledger TV

Welcome youtubers and this is the official quanta resist the ledger channel your video portal


Quantum Resistant Ledger TV

in the post-quanum digital asset security. So last week we had the first part of the ask me anything


Quantum Resistant Ledger TV

with Dr. Peter Waterland. We ran through a bunch of viewer questions and we're going to cover some


Quantum Resistant Ledger TV

more of them in this episode. So when we originally set this up I thought that we would probably have


Quantum Resistant Ledger TV

about maybe 30 minutes an hour, hour and a half worth of footage. Apparently we ended up with a


Quantum Resistant Ledger TV

lot more than that. So this series or AMA has been cut into four separate sections. This is part two


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and also during the AMA I'm going to put some of the memes from the meme contest that we had


Quantum Resistant Ledger TV

the past couple weeks for your viewing pleasure. So that's all for their ado. Let's get started.


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So many members ask how many QRLs should it take when proof of state get to 1000 sure every 24 hours?


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So this is a very good question but it's a little bit difficult to answer and the reason for that


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is we don't know how many QRL are going to be states actively when they work most of the previous


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day. So obviously the more QRL that the state the less you would get if you if you state your own


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QRL. But if we assume that every single which is very unlikely if it's you every single person who


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holds QRL state or their coins then that will be 71.9ish million QRL big states and I think


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there's the moment is about just shy of 8000 QRL being mine per day. Obviously that decreases


Quantum Resistant Ledger TV

every day but if we take that and it's sort of one eighth of the daily mining would need to be


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acquired by proof of stake. We need to have about nine million coins a state which obviously is a huge


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amount but to get together 1000 back a day. But actually in reality you know it's much more likely


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that a much more of percentage of the emitted QRL is likely to be state. We feel like


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the existing proof of state chains think about that state is a lot lower than 100%. So there's a


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difficult one to answer but as it stands that's about one eighth of the daily output so you need to


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have you know roughly one eighth of the state amount which is maintained in that work which obviously


Quantum Resistant Ledger TV

a lot of coins. I think that's very fair it's very much a moving target. Very simply just as the


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hash rate of the network of the mining hash rate increases and decreases so will the amount of


Quantum Resistant Ledger TV

QRL received by a stake. Actually it depends on the mission is algorithmic that is predetermined but


Quantum Resistant Ledger TV

but the number of people who who are staking is not. It's a bit like a theory we know early on


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maybe fewer people who are staking and they will get much greater rewards as a result come


Quantum Resistant Ledger TV

from maintaining the network. So we're pretty excited to see what proportion of


Quantum Resistant Ledger TV

hold and actually do stay their comments and I think it's each thing about proof of stake it


Quantum Resistant Ledger TV

brings whole raft of security concerns and you know much different attacks surface to proof of work


Quantum Resistant Ledger TV

but it does also change the dynamics of the network a little bit so if you have proof of work


Quantum Resistant Ledger TV

miners expend work to get the coins and therefore there's a great drive to sell coins whereas with


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proof of with previous stake it's a different capital fish it incentivizes holding which is a


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different kind of token if you're done I mean I'm really looking forward to us moving to


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pre-


Quantum Resistant Ledger TV

stake I think it's going to be really boiling for the project. I'm definitely looking forward to


Quantum Resistant Ledger TV

it as well not just not just with it QRL but to see how it evolves within the blockchain


Quantum Resistant Ledger TV

ecosystem. How will smart contracts be affected by future advances in quantum computing


Quantum Resistant Ledger TV

and does QRL work with the Ethereum blockchain? Yes it's a great question. How will smart contracts


Quantum Resistant Ledger TV

be affected by future advances in quantum computing? Smart contractors is running a code based on inputs


Quantum Resistant Ledger TV

from transactions so I would say it should not really be affected particularly by advances in


Quantum Resistant Ledger TV

quantum computing anymore than running anybody code would be what is affected by quantum computing is


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the ability to to sign a transaction to prove that you are the person who holds control of those


Quantum Resistant Ledger TV

points and keys that's what breaks it's a pretty fundamental break so at smart contracts we're


Quantum Resistant Ledger TV

not so effective by quantum computing but the cryptography which controls the assets on a blockchain


Quantum Resistant Ledger TV

will be inevitably like that answers that and it does the QRL work with the Ethereum blockchain


Quantum Resistant Ledger TV

with the second one and actually we started out as a token and it's only a tiny quantity of


Quantum Resistant Ledger TV

QRL remains on the Ethereum blockchain at the moment however we have a second project called the


Quantum Resistant Ledger TV

project Enclave which is hybrid multi-signature Ethereum wallet which allows you to


Quantum Resistant Ledger TV

cosign a transaction with an XMSS signature which allows you to effectively


Quantum Resistant Ledger TV

postpone some secure and Ethereum address which may hold Ethereum or it could hold the RC20 tokens


Quantum Resistant Ledger TV

for example so QRL we do plan to with the release of Enclave we do plan to allow


Quantum Resistant Ledger TV

a to create a bridge to allow QRL to move from main net QRL to Ethereum and vice versa


Quantum Resistant Ledger TV

using the Enclave wallet because that's very complicated back end but in that way QRL will again


Quantum Resistant Ledger TV

be able to be stored on Ethereum Enclave wallet QRL itself doesn't directly but the blockchains


Quantum Resistant Ledger TV

they can be interoperable they're very much separate entities and QRL is apart from this bridge


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we are we will be creating they are separate so I hope that I don't know how that


Quantum Resistant Ledger TV

is like what that means yeah and certainly it was I guess to summarize a little bit so what it


Quantum Resistant Ledger TV

sounds like to answer the question and the quantum computing won't directly affect the code of


Quantum Resistant Ledger TV

a program of smart contracts directly but it would have it potentially has quite possibly


Quantum Resistant Ledger TV

and likely has the indirect consequence of affecting the underlying asymmetric public private key


Quantum Resistant Ledger TV

cryptography and the blockchain itself which essentially invalidates probably invalidates the


Quantum Resistant Ledger TV

reliability of the smart contract as a whole so block a quantum computer to blockchain to smart contract


Quantum Resistant Ledger TV

that a bit like if your PC is password is compromised so this next question is a series of questions


Quantum Resistant Ledger TV

so I'm going to read it out and feel free to jump in or answer whichever pieces you feel are


Quantum Resistant Ledger TV

most relevant excited for enclave and I assume that being able to swap QRL to the Ethereum chain


Quantum Resistant Ledger TV

means that it would also be possible to swap Ethereum to the QRL chain given this I can imagine


Quantum Resistant Ledger TV

a situation where quantum computer is threatened security for a three minutes resistant


Quantum Resistant Ledger TV

and if your end user is migrate their funds to the QRL chain given its full security and much


Quantum Resistant Ledger TV

cheaper transaction piece however I think that Ethereum drives most of its value from its smart contract


Quantum Resistant Ledger TV

functionality and I know that Ethereum uses Solidity for smart contracts in QRL will use


Quantum Resistant Ledger TV

old combo can you speak to some of the differences between the languages and would it be possible


Quantum Resistant Ledger TV

for most or all of the functionality of Solidity smart contracts to be brought over to the QRL


Quantum Resistant Ledger TV

chain for example distributed finance in essence could Ethereum and other smart contract platforms


Quantum Resistant Ledger TV

migrate in terms of funds and smart contracts not necessarily protocol over to the QRL chain


Quantum Resistant Ledger TV

while maintaining similar or equivalent functionality in the event that the quantum computer is


Quantum Resistant Ledger TV

cracking CDSA before those platforms are prepared hope that question isn't nonsensical from a


Quantum Resistant Ledger TV

technical perspective the person that wrote this obviously they had several different questions


Quantum Resistant Ledger TV

and they're wanted to give the thought to credit that it deserves so go ahead


Quantum Resistant Ledger TV

ask that a lot of question first of all I'm also very excited to bring claim that we could get


Quantum Resistant Ledger TV

some I say it's it's really all its stage now and we're really excited about it it's it's going


Quantum Resistant Ledger TV

to unique a unique project so first of all I think it was the assumption at the very beginning


Quantum Resistant Ledger TV

I assume that being able to swap QRL on the F chain means it would possible to swap F to the QRL


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chain and unfortunately the answer that is no that's that's a wrong assumption so you can move


Quantum Resistant Ledger TV

you'll be able to move QRL to and from to and from the Ethereum chain and the and the QRL chain


Quantum Resistant Ledger TV

but but ether will remain present on on Ethereum it is possible to do that that you know


Quantum Resistant Ledger TV

such swaps are possible that's not fun to happen we were driving for in the first iteration


Quantum Resistant Ledger TV

with Mclaish that I mean it takes more about locking crypto assets on Ethereum that in the


Quantum Resistant Ledger TV

ether ether and ERC 22 the locking mows in a way which means they can't be stolen by an


Quantum Resistant Ledger TV

adversary with a quantum computer so it's a slightly different idea and with in the I say the


Quantum Resistant Ledger TV

first iteration it will purely move to lock your funds securely and we're the secondary feature


Quantum Resistant Ledger TV

that you'll be able to move QRL main net wallet to to the Ethereum chain or vice versa actually


Quantum Resistant Ledger TV

so that I think that's the first part of it in the future in it may be possible to do to do what


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this what this question is driving out of it but certainly not in iteration zero that would


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that be a very a very major project and I think that the second part was asking specifically about


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the language just been the the language that's used power the virtual machine for the


Quantum Resistant Ledger TV

smart contract functionality the answer to this question talks about salinity for smart contracts


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ether we have disclosed that we are planning to use a camel which is also used by Tesos I think


Quantum Resistant Ledger TV

the question was asked about the difference in the two languages they are vastly different


Quantum Resistant Ledger TV

in terms of programming it's probably helpful to go into the nitty gritty of it the most important


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difference between the two is that is concept of formal verification so so a camel allows you to


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prove the correctness of the code that you're writing obviously smart contracts on a fun financial


Quantum Resistant Ledger TV

blockchain is about maybe about moving funds and you want the code to do you want the code in a


Quantum Resistant Ledger TV

smart contract to do and only do what you expect to and obviously Ethereum is a very mature platform


Quantum Resistant Ledger TV

now but I'm sure all of us and everyone is aware that it is it's become mature over time and that


Quantum Resistant Ledger TV

there have been a lot of high profile hacks for example the Dow hack which you know can have


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terrifically bad consequences to the platform when code does unexpected things or can be made to


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do unexpected things so the main difference between the two and there's many given to the


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they're very different very very different but the most important difference is in this concept


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of formal verification that's present with own camel you can add your facts and we would expect


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most people to be writing things smart smart contract codes on the QRL change using a sort of Python


Quantum Resistant Ledger TV

like like library which is encanquered by our blockchain tools but I hope that answers that one


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now I think there's more to this one would it be possible for most of all the functionality of


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the smart contracts also with the QRL chain well I mean it is actually possible to vote for


Quantum Resistant Ledger TV

you know if you got a Syrian complete smart contract language for any platform to run any code so


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yeah the functionality many of the major smart contract platforms can be moved across back and forth


Quantum Resistant Ledger TV

without too much difficulty and then I think the final part of this mega question talked about


Quantum Resistant Ledger TV

migration of funds and smart contracts they was the QRL chain so that I mean that's a


Quantum Resistant Ledger TV

fairly non-trivial step it is potentially possible to lock coins so it enclave power at smart


Quantum Resistant Ledger TV

contract on the Ethereum side and unlock an equivalent token on the QRL side it is technically


Quantum Resistant Ledger TV

possible to do that yeah sounds good you're right that was a wapper whoa upper upper question


Quantum Resistant Ledger TV

our next subject subject takes us to go QRL committee member asks what time frame do you think is


Quantum Resistant Ledger TV

reasonable for the switch to go QRL and will the full version be available at the same date as


Quantum Resistant Ledger TV

QGOCura so what time frame reasonable the read and mail may not be aware that we do actually


Quantum Resistant Ledger TV

have already have an existing go QRL client but they maybe know that the previous day


Quantum Resistant Ledger TV

node is being entirely coded on in the go-langer Python will know it will be with us as a node


Quantum Resistant Ledger TV

and that's obviously for performance and concurrency reasons so I think if we were to go back and


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start the whole project again but we certainly wouldn't start to go on Python but certainly the next


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iteration of the project the previous day client previous day node is purely go-lack so so the time


Quantum Resistant Ledger TV

frame will be when that is released so as I say we are very close to opening up our K-base and


Quantum Resistant Ledger TV

going to a public will the full version of the end and running on the QRL blockchain be released


Quantum Resistant Ledger TV

at the same date as QGOCura I think by thing about the end this question it means a federal messaging


Quantum Resistant Ledger TV

and so it's probably worth saying that that following our last hard forward QRL main there already


Quantum Resistant Ledger TV

supports the use of federal messaging and by going you know we already have a scrub functionality


Quantum Resistant Ledger TV

in place where you can create what's called the lattice transaction and so that's a transaction


Quantum Resistant Ledger TV

which allows you to store several keys in addition to to the normal data in the transaction


Quantum Resistant Ledger TV

and that includes some litic curve keys and two lattice keys for dialithium and timer which allow


Quantum Resistant Ledger TV

you to sign and encrypt in a post-contents your message payload so already at the moment the


Quantum Resistant Ledger TV

functionality is there so a third-party could immediately build build you know in a federal messaging


Quantum Resistant Ledger TV

and protocol or a federal messaging system now in the base previous day client we will


Quantum Resistant Ledger TV

that sub-functionality you know it will obviously will remain part of it as a project we have


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always viewed the federal messaging side of things to be suddenly which is to be abstracted on


Quantum Resistant Ledger TV

top of the blockchain and is sort of not a third-party service necessarily but there's certainly


Quantum Resistant Ledger TV

an extra layer above base chain and above the base network yeah so I think that goes into this next


Quantum Resistant Ledger TV

question here you started touching it on a little bit I'll read what the question is I'll add a


Quantum Resistant Ledger TV

couple thoughts as well the question is would the ephemeral messaging fully implemented could the


Quantum Resistant Ledger TV

capability be created to stream a video like the payload of the message being able to fit a frame


Quantum Resistant Ledger TV

of video and send the amount of messages at the rate of speed necessary or function in a different


Quantum Resistant Ledger TV

way to achieve it and I think you touched upon that a little bit already so if I were to kind of take


Quantum Resistant Ledger TV

kind of everything that was said and include this question as well the femoral messaging


Quantum Resistant Ledger TV

stuff is all about a verifying identities and then handing off that subsequent communication


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be symmetric so the femoral messaging being the asymmetric public private key verify who everyone


Quantum Resistant Ledger TV

is make sure that everything's encrypted that it's quantum secure include for example codec information


Quantum Resistant Ledger TV

identities names email address whatever you want to do in order to set up that communication and then


Quantum Resistant Ledger TV

from that point on once those two parties are verified you know there was a transactional fee that


Quantum Resistant Ledger TV

got paid in order to verify this then everything is symmetric end to end so from John to Sally


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or whatever that's no longer part of the blockchain is the way that I've communicated it within


Quantum Resistant Ledger TV

discord questions been asked a couple of times feel free please comment on that I mean I'm


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not very eloquently there I think so as it stands at the moment the ephemeral messaging


Quantum Resistant Ledger TV

stub functionality is essentially a decentralized it's using the main net using our main curl chain


Quantum Resistant Ledger TV

as a decentralized public key repository that's basically what it's the moment and then that allows


Quantum Resistant Ledger TV

you to create a critical aspect secure connection a channel between two parties and because we use


Quantum Resistant Ledger TV

both electric curves and the basses keys we're able to do that in a using a hybrid fashion


Quantum Resistant Ledger TV

to create a completely secure post quantum connection between two parties now as you say


Quantum Resistant Ledger TV

how those two parties do afterwards is then in symmetrical a symmetrical encryption and it all


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occurs off chain so you know the original question was talking about cramming in video and sending


Quantum Resistant Ledger TV

it in messages onto the chain but that's not what you want it's about it's about connecting


Quantum Resistant Ledger TV

two parties together and it can be a secure fashion and then for those two parties then to interact


Quantum Resistant Ledger TV

and transmit data between them in a secure manner that's encrypted the bandwidth is necessary


Quantum Resistant Ledger TV

or the numbers are within within the panel there's no relation to creation of the connection


Quantum Resistant Ledger TV

yeah in the video you can use it to make transfer files it's sort of bandwidth


Quantum Resistant Ledger TV

well it wouldn't really the process of the ephemeral domesticing connection is about creating a


Quantum Resistant Ledger TV

secure connection between boxes and it uses a long chain and it sort of look at mechanism


Quantum Resistant Ledger TV

your family messages is a bit like surfing the web if the blockchain is the certificate authority


Quantum Resistant Ledger TV

sure you can picture the machine itself as a certificate authority right you get the public key


Quantum Resistant Ledger TV

with the public private key the asymmetric piece that happens in order to negotiate talking to a


Quantum Resistant Ledger TV

website that asymmetric part is actually used to establish its in TLS at HTTPS uses a protocol called


Quantum Resistant Ledger TV

TLS and that public private key asymmetric part is very slow you would not want to move actual


Quantum Resistant Ledger TV

data with it so what happens is that asymmetric piece is actually used to generate a separate key


Quantum Resistant Ledger TV

and then that separate key is communicated asymmetrically and then the communication goes end to end


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browser direct web server symmetrically using that key that was received asymmetrically


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is asymmetrically slow symmetrically fast i think that analogy fits relatively well into this


Quantum Resistant Ledger TV

if you take it if you look at it from that perspective as a website yes that's one use case


Quantum Resistant Ledger TV

top of that you could have video audio messaging really anything any use case that you want to do


Quantum Resistant Ledger TV

verify identities and simply establish parameters in order to talk to each other and then feed


Quantum Resistant Ledger TV

those parameters into a third party application or service or something like that if you picture it


Quantum Resistant Ledger TV

like that the use cases really become boundless and wrapping them all within a quantum secure


Quantum Resistant Ledger TV

context i think is really exciting yes i think i think you've explained that really well actually


Quantum Resistant Ledger TV

we are producing as part of our sort of helper code based we're producing you know an API


Quantum Resistant Ledger TV

and we'll allow people to build a family capability into their third party so the idea is


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we the curl train is there so as you say we provide that backbone that decentralized lookup


Quantum Resistant Ledger TV

service and then what what's our parties do with it is entirely up to them and then there's a


Quantum Resistant Ledger TV

whole raft of possibilities to create a perception in all the use cases


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yep in use cases are up to the imaginations of third parties EMS is providing the


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platform to to set up the communication in the parameters in order to feed the app whatever it needs


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or the use case or the business or whatever it needs that's what it does the limits are the


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imagination all quantum secure that's great i think we we covered that one next question


Quantum Resistant Ledger TV

could ephemeral layer be the back end part of the first distributed app post quantum secure


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immutable decentralized social network biocamble smart contracts post quantum notarizing


Quantum Resistant Ledger TV

every message picture idea on the curl mainnet as pdf document and using qrt here c20 enclave


Quantum Resistant Ledger TV

utility tokens as likes to boost content i'm reading through that one it's sounds imaginative


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peter i'm sure you have just doesn't imagine it to us of answer could ems be the back end part


Quantum Resistant Ledger TV

of a distributed app i think if you if you take out post quantum secure immutable decentralized


Quantum Resistant Ledger TV

we know all this could ephemeral be the back end part of a of a d app for smart community


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the difference between i mean you can you can be many things i mean this guy's a little bit


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when he put out you've got a smart contract platform when you go a messaging that you can be many


Quantum Resistant Ledger TV

interesting things that have probably aren't being done right now and there's actually very


Quantum Resistant Ledger TV

secret projects that that are using messenger services there's a project on status that thinks


Quantum Resistant Ledger TV

creation stuff from on the theory the key difference between the if and we call them ephemeral layer


Quantum Resistant Ledger TV

is that it's it's an off-chain data and this is off-chain communication so i think that's a good way


Quantum Resistant Ledger TV

you have right there is there's confusion between what's on chain and what's off-chain


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and with the ephemeral messaging it's just setting up negotiation it's setting up protocol


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it's it's exchanging information invalidate and identities at that point everything is off-chain


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qrl the blockchain itself the project it doesn't see it it's end-to-end communication


Quantum Resistant Ledger TV

Japanese i think you i mean they've already are projects that do neutralize and store everything


Quantum Resistant Ledger TV

in chain with some success but i really would be with the messenger protocol that's


Quantum Resistant Ledger TV

built using EMS is is going to be something that's off-chain it's an abstract layer of


Quantum Resistant Ledger TV

protocol okay and any wine works it as the question would suggest this next question is interesting


Quantum Resistant Ledger TV

as well it's one i've thought about can i'm not sure if there's consensus or joke on intended


Quantum Resistant Ledger TV

across blockchain on what all of these use cases are so the question is ephemeral messaging system


Quantum Resistant Ledger TV

allows for any secure data to be sent i would probably rephrase it ephemeral messaging it allows


Quantum Resistant Ledger TV

for a limited data to be sent which means much more than we sent that means much more than


Quantum Resistant Ledger TV

quantum messaging channel what smart data do you envision it looks like it's i believe the


Quantum Resistant Ledger TV

question is asking for EMS use cases this is a great one i mean you know we we've talked about


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already messaging a video audio chat possibly all of those possibly unpoint of sale i'm not entirely


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sure what all the use cases are do what are your thoughts on this this is a good question


Quantum Resistant Ledger TV

this is one of those questions where there are basically unlimited use cases so i mean i think


Quantum Resistant Ledger TV

where where the name will find why usage is a different matter so for example on Ethereum there's


Quantum Resistant Ledger TV

the Ethereum name service ens you know could be used in a decentralized internet to


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replace the DNS in some fashion instantly you know as the curl reached wide usage then as a


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decentralized post quantum key storage system it could be used as the base layer to build many many


Quantum Resistant Ledger TV

things that are very very extremely exciting i think i think the question i've used some of those


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which would be a decentralized lookup service for data transfer or for voice calls it could


Quantum Resistant Ledger TV

be used for something like pointer cell payments if if you attach an identity to to a curl


Quantum Resistant Ledger TV

address that that is being used for the channel we if blockchain financial blockchains do work and


Quantum Resistant Ledger TV

succeed then in five or ten years it wouldn't be unreasonable to expect that your identity will


Quantum Resistant Ledger TV

be attached to a to a chain and you'll be able to do many things from that entity in a


Quantum Resistant Ledger TV

trustless and decentralized manner and then maybe i'm looking for a use cases but a lot of


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those use cases do rely on the fact that that you have a widely accessible widely used chain as


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that sort of backboat to it with the MS in a what we're building the ability for people to build


Quantum Resistant Ledger TV

into it that as general the sky's a limit it's a very unique quality being able to offer


Quantum Resistant Ledger TV

trustless decentralized post quantum secure communication but it's we aren't that's a very


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unique where school team that we're not building out in these cases it's a combination of people


Quantum Resistant Ledger TV

who put a stigma so if you take i heard you say phones i can imagine a similar conversation


Quantum Resistant Ledger TV

what would this eight years ago or so when smartphones first started really getting popular and


Quantum Resistant Ledger TV

functional a conversation and at Google or at Apple okay we're now allowing third party apps


Quantum Resistant Ledger TV

what are the use cases here it's open right it's open in the imagination of everyone


Quantum Resistant Ledger TV

the smartphone itself is a bit like EMS as well it just provides the foundation


Quantum Resistant Ledger TV

i mean that would be we could build lots of things with that i mean we pretty trivial to build


Quantum Resistant Ledger TV

a messaging a text messaging service or a voice communication app so i have a colorful question here


Quantum Resistant Ledger TV

if you're waterland you are constructing a wonderful post quantum communication tool


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if i'm wrong but also a tool that can be used by terrorists and criminals as a medical doctor your


Quantum Resistant Ledger TV

your ethical mindset has to be more elevated than average person hopefully which which are your


Quantum Resistant Ledger TV

personal reflections about the communication monster in good in bad sense that is a mergene at


Quantum Resistant Ledger TV

qRL and having your name attached to it yeah i think this is actually a really really good


Quantum Resistant Ledger TV

question and i suppose it's more it's more of what first of all i hopefully you know i do have a


Quantum Resistant Ledger TV

high-risk mindset if you like the average person that's an industry but i think it's a really great


Quantum Resistant Ledger TV

question because it's driving a really lasting about privacy i think is it's asking now


Quantum Resistant Ledger TV

should citizens be allowed to have private communication should i be allowed to send


Quantum Resistant Ledger TV

us something to you privately and yeah that that is i've got my great way i would say now to sort of


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them perhaps sidestepped this one a little bit we're building the sub-functionality so that other


Quantum Resistant Ledger TV

third parties could build constructions with it so we aren't directly building it it comes down to


Quantum Resistant Ledger TV

whether you believe private communication should exist i probably think it should do but that there


Quantum Resistant Ledger TV

are bad people in in an every every group that's a bad person i don't think you could stop bad


Quantum Resistant Ledger TV

people think bad things we suddenly are not designing anything in our projects to facilitate


Quantum Resistant Ledger TV

human activity or or thing western if you look at this from a high from maybe a 10 000


Quantum Resistant Ledger TV

foot view i mean rsa ecdsa those are believed to be classically secure today in the post quantum


Quantum Resistant Ledger TV

future i mean isn't there a strong argument that the only thing this project is doing is maintaining


Quantum Resistant Ledger TV

the status quo and acknowledging that personal privacy is a value that should be recognized


Quantum Resistant Ledger TV

it's not that anything different is between it's just that the environment is changing the


Quantum Resistant Ledger TV

technology is changing and the underlying protocols need to keep pace in order to maintain the


Quantum Resistant Ledger TV

status quo yeah yeah yeah yeah the yeah the funny eloquent way of looking at it absolutely right


Quantum Resistant Ledger TV

it's um if i chat you on what's that then it's secure isn't it i mean it's it's end-to-end


Quantum Resistant Ledger TV

um the rescue is secure with any of the equations end-to-end so you know that theoretically


Quantum Resistant Ledger TV

is the secure communication where the smartphone is secure you know that's wrapping around


Quantum Resistant Ledger TV

the new s-s wrapping around what's that piece if you're who knows but this isn't anything new


Quantum Resistant Ledger TV

it's just a different way of it's a different formal cryptography so yeah great question


Quantum Resistant Ledger TV

next topic we have is uh onclave first question from a marketing perspective about onclave


Quantum Resistant Ledger TV

how will it be possible to help people understand there are actually two types of ethereum chain


Quantum Resistant Ledger TV

un-migrated icl tokens and smart contract right main neck wanta plus a third type i think what it's


Quantum Resistant Ledger TV

talking about is as far as moving forward between a smart contract erc 20 host city of the


Quantum Resistant Ledger TV

ethereum on the ethereum blockchain that quanta that's held quantum secure bolt versus main net


Quantum Resistant Ledger TV

quanta that's held on the our chain and also previous erc legacy quanta those are three


Quantum Resistant Ledger TV

different types of qRL from a marketing perspective how is it possible that people understand


Quantum Resistant Ledger TV

or and or is it necessary to do so i think you alluded to it now in the end which is it's


Quantum Resistant Ledger TV

necessary the first thing to say is that there's there's only between one to two percent of the original


Quantum Resistant Ledger TV

erc 20s haven't been migrated so 98 point something percent have been migrated already


Quantum Resistant Ledger TV

which is the oboe and the majority of the ledger so actually one of the worries we had as a project


Quantum Resistant Ledger TV

was a lot of the migrated coins over to main net then that in itself is a security risk from a quantum


Quantum Resistant Ledger TV

perspective because those coins are theoretically vulnerable so we're very pleased actually although


Quantum Resistant Ledger TV

there's still lago to coming through even you know even now people here's later people are still


Quantum Resistant Ledger TV

migrating the coins across every few days but we're down to less than less than two percent in


Quantum Resistant Ledger TV

on migrated so the vast majority of coins have migrated across that process will on a one to one


Quantum Resistant Ledger TV

basis for the team to continue into the to look pleased so i didn't think those early the


Quantum Resistant Ledger TV

ungretive coins are initiating more so then then it comes down to the two forms of qRL that


Quantum Resistant Ledger TV

will be in the present of the future qRL the main on the main net which are created by either


Quantum Resistant Ledger TV

proof of work or the previous day and then quanta will just all on a theory of the end


Quantum Resistant Ledger TV

trade system now both of those lines of the coin they're both they're both the post quantum secure


Quantum Resistant Ledger TV

and actually they're the same really because they can only exist on one one side or the other


Quantum Resistant Ledger TV

on main net or on you know or in the end-clave system on a theory so i didn't add anyism


Quantum Resistant Ledger TV

it could be that difficult to understand that you can either store your coins and then in the


Quantum Resistant Ledger TV

end-clave wallets on using your ledger device or you can store them on main net using your


Quantum Resistant Ledger TV

ledger device i think it's pretty pretty straightforward that we'll hope i mean so there's an


Quantum Resistant Ledger TV

interesting one because from an ease perspective it will be much easier perhaps for people to hold


Quantum Resistant Ledger TV

them in their end-clave wallet but in order to state coins you know which we want people to do


Quantum Resistant Ledger TV

they may we should just all their coins on main net so yeah we range and see how qRL flows back


Quantum Resistant Ledger TV

before we know we don't have an on action at this stage i think that's a great answer thanks Peter


Quantum Resistant Ledger TV

uh i guess my my personal opinion is very much aligned with yours pre main net we are c20s


Quantum Resistant Ledger TV

they don't really come up is what i mean i don't see people asking too many questions


Quantum Resistant Ledger TV

uh regarding that so it's not within it doesn't seem to be within the consciousness of our user base


Quantum Resistant Ledger TV

if you're taking your quanta and you're moving it into it yours you're as you 20 smart contract on


Quantum Resistant Ledger TV

the ethereum in order to make it quantum secure it seems pretty obvious that you're that you know


Quantum Resistant Ledger TV

what you're doing hopefully that that you're making this a conscious approach and that you know


Quantum Resistant Ledger TV

what the difference is it's not something where you accidentally push a button and oops on my


Quantum Resistant Ledger TV

quanta as on ethereum this is you know there's a little bit of there's certainly a process that's


Quantum Resistant Ledger TV

involved in order to do that and i think that the users that would be doing running through that


Quantum Resistant Ledger TV

process would be doing it for a specific reason and therefore know why and what the difference is


Quantum Resistant Ledger TV

is i would say that's probably an advanced blockchain use case scenario so i think that it feels


Quantum Resistant Ledger TV

like that's a little bit self solving or a non-issue but ultimately as with many things time will tell


Quantum Resistant Ledger TV

so that concludes the second AMA with dr. Peter waterland i'd like to thank the community for


Quantum Resistant Ledger TV

the creative contributions in running through and making all the wonderful memes uh unfortunately


Quantum Resistant Ledger TV

we couldn't show all of them we may have been at risk of you losing our general audience


Quantum Resistant Ledger TV

reading with the emotion picture association that's right you know who you are with that being said


Quantum Resistant Ledger TV

i'm looking forward to next week's video i hope that you are too until then we'll see you in


Quantum Resistant Ledger TV

discord and thanks for watching


Quantum Resistant Ledger TV

next question can you tell a bit more about how curl will offer quantum resistance to ethereum


Quantum Resistant Ledger TV

and how you got your planning to expand the service to other blockchains we covered ethereum pretty


Quantum Resistant Ledger TV

much with enclave but maybe you could talk a little bit about compatibility the differences between


Quantum Resistant Ledger TV

you know camel and the other so you really act as a sense what the inclination is it's a


Quantum Resistant Ledger TV

multi-signature hybrid wallet where you are where you have your conventional transaction signature


Quantum Resistant Ledger TV

which is quantum insecure but you also have to append on a second quantum secure signature using


Quantum Resistant Ledger TV

xms which is what we used to power curl so that's the difference. The theory because that you know


Quantum Resistant Ledger TV

is the most mature smart contract platform a huge market cap and a lot of crypto assets and these


Quantum Resistant Ledger TV

via sets are based in that ecosystem we'll pick up a huge potential percentage of crypto assets


Quantum Resistant Ledger TV

that we can secure with if we find success we may move to other blockchains it would of course


Quantum Resistant Ledger TV

have to be other blockchains which have smart contract capabilities so that doesn't limit things


Quantum Resistant Ledger TV

a little bit but there are certainly other platforms which are somewhat successful which have


Quantum Resistant Ledger TV

the ability to for it first and move that project over there it does make things a little complicated


Quantum Resistant Ledger TV

we're going to start off with a simple service that's all it is just like we did before the curl


Quantum Resistant Ledger TV

mate network that we're confident it's going to work so we're going to start with ethereum and we'll


Quantum Resistant Ledger TV

be pushing that in the future. That sounds good so additional blockchains could have similar


Quantum Resistant Ledger TV

functionality time will tell yeah okay so next question I'm still trying to fully understand


Quantum Resistant Ledger TV

mercultries and hash-based functions as a whole so this might be nonsense I was wondering the


Quantum Resistant Ledger TV

possibility of companies websites who use a mercultry for data can use xmss the same way in place of


Quantum Resistant Ledger TV

it's in place of it on the curl's blockchain like for keybase to be completely trustless with


Quantum Resistant Ledger TV

there's or a github type site for a trustless version control or also to create type of bit


Quantum Resistant Ledger TV

torrent on the chain is there a need for any of those to be decentralized and would be beneficial


Quantum Resistant Ledger TV

to be on curl. Yes I think this is the thing what it's driving out is decentralization perhaps a


Quantum Resistant Ledger TV

neutralization of data I mean there are projects which decentralize the storage of data but you can


Quantum Resistant Ledger TV

already using our web wallet tools actually you can already neutralize a document so yes that is


Quantum Resistant Ledger TV

possible and that's some we already offer I think the next part of the question we're talking about


Quantum Resistant Ledger TV

trustless version control and again you know if you're storing data in a chain that's publicly


Quantum Resistant Ledger TV

accessible anywhere in the world and verify it but then and then you're able to securely put


Quantum Resistant Ledger TV

data in that chain and yeah you can do these things but it would be required to the backend of


Quantum Resistant Ledger TV

github to interact with the chain we did actually make a brief concept code sign tool why did it


Quantum Resistant Ledger TV

not even facts which but the Nazi server which signed sign code code from its on github


Quantum Resistant Ledger TV

from your curl address so it is yeah it's definitely possible the next bit was about bit torrent


Quantum Resistant Ledger TV

I don't know greatly the one bit torrent but I think if you're storing data in public next


Quantum Resistant Ledger TV

setable and verifiable fashion on a public blockchain then you can build many things into that


Quantum Resistant Ledger TV

I have to skip over that because I'm not too familiar with that more bit torrent is there any


Quantum Resistant Ledger TV

need for these to be centralized or beneficial to the cure I think the more things that are built


Quantum Resistant Ledger TV

into a project the more use cases the more widely used the project is the better you know I think


Quantum Resistant Ledger TV

that just comes down to you know how our public blockchains value I think that's an evolving


Quantum Resistant Ledger TV

you know the coming years as more and more use cases for smart contract platforms become


Quantum Resistant Ledger TV

become relevant it is you brought up value I'm gonna throw little zinger at you


Quantum Resistant Ledger TV

and it's a question I just thought of and I'll try and answer it to be fair as well this month


Quantum Resistant Ledger TV

I believe it was this month the market cap of all the ERC 20s recently on ethereum recently


Quantum Resistant Ledger TV

exceeded the market cap of the underlying blockchain itself that was in that think within the


Quantum Resistant Ledger TV

past couple weeks blockchains that are running on top of the blockchain to have a higher market


Quantum Resistant Ledger TV

do you think that's an advantage to the blockchain or a disadvantage do you think that's a goal


Quantum Resistant Ledger TV

well I think what's important is that the network can obviously the token that powers


Quantum Resistant Ledger TV

the network through consent through the consensus mechanism has to have some value so you can


Quantum Resistant Ledger TV

have lots of tokens as stablecoins and barriers different decentralized finance tokens


Quantum Resistant Ledger TV

which colossal value on your obviously it's pretty crucial but the network itself runs and that


Quantum Resistant Ledger TV

the funds that are created and minted to maintain the network have value now I think you know Ethereum


Quantum Resistant Ledger TV

any blockchain network that has tokens or smart contract functionality in transactions have fees and


Quantum Resistant Ledger TV

those fees are generally paid in base unit or base token for that chain so you know I didn't


Quantum Resistant Ledger TV

mean that's too much if there's colossal values that exceed the market cap of the base token as


Quantum Resistant Ledger TV

long as there's something driving it so if you've got a lot of commercial activity on a blockchain


Quantum Resistant Ledger TV

for other projects it doesn't really matter what their monthly cap is as long as there's


Quantum Resistant Ledger TV

sufficient transaction fees coming through to keep the whole thing going so you need to own the base


Quantum Resistant Ledger TV

token to be able to use the other projects which is what you need to do at the moment then everything's


Quantum Resistant Ledger TV

fine I'll give you if you're asking me does that mean the underlying token are in the value


Quantum Resistant Ledger TV

then that's another question about it it's an interesting relationship road because both the


Quantum Resistant Ledger TV

blockchain the underlying blockchain itself and the ERCs on Tom of them run in this symbiotic


Quantum Resistant Ledger TV

relationship right there is there an argument that the ratio of market cap the disparity between


Quantum Resistant Ledger TV

the two at some point goes from symbiotic to parasitic I'm not really sure I don't know I don't


Quantum Resistant Ledger TV

know because I don't think that we've seen that I don't think we've seen this witness before


Quantum Resistant Ledger TV

and I asked a question that ironically I'm stumbling over myself a little bit but I really I guess


Quantum Resistant Ledger TV

I don't really know the answer because they need each other it's more contracts are what


Quantum Resistant Ledger TV

brought we're instrumental in bringing Ethereum to make you know the mainstream consciousness go ahead


Quantum Resistant Ledger TV

one will say I mean theoretically it is possible that you could pay for transactions with


Quantum Resistant Ledger TV

non you know with tokens or other you know it doesn't necessarily need to be the base


Quantum Resistant Ledger TV

token which provides the fee if you make it very complicated on you I think in the moment it's


Quantum Resistant Ledger TV

an evolving situation we range into see how that progresses you know the sort of underlying


Quantum Resistant Ledger TV

question is how many blockchains will exist in the next 10 years that's the first question


Quantum Resistant Ledger TV

is it in a conversion to just a one or two or a hundred four that's yet to be designed to


Quantum Resistant Ledger TV

is there yeah what black chains and what type of black chains right absolutely this is under


Quantum Resistant Ledger TV

category of communication obviously not asking about details or topics of discussions but have


Quantum Resistant Ledger TV

there been or are there any conversations between the QRL team and somebody from zoom since acquisition


Quantum Resistant Ledger TV

of Gbase yeah when I looked at those any conversations with anyone that she did pretty obvious


Quantum Resistant Ledger TV

to anyone asking the question unfortunately that private community agencies between


Quantum Resistant Ledger TV

between projects remain private and the reason that is we have signed non-discussion agreements you


Quantum Resistant Ledger TV

know we talk to exchange you know or any projects about anything before that conversation happens


Quantum Resistant Ledger TV

and NGA comes along we'll also sign it so I'm afraid it's been a non-answer but the answer is


Quantum Resistant Ledger TV

kind answer yeah fair enough have you directly talked to Batelik at some point in the past about


Quantum Resistant Ledger TV

QRL ideas have you contacted them is there anything you can say on this so actually it


Quantum Resistant Ledger TV

can't say on this woman is years ago now did text based discussions been in 2016 about QRL


Quantum Resistant Ledger TV

gosh as long as I'm ago now I haven't subsequently tried to contact him you know I don't know


Quantum Resistant Ledger TV

it we're not on a few many terms I think he probably is aware of the QRL projects still I think


Quantum Resistant Ledger TV

being non-twitur at one of these one occasions about it my the community I could be used with


Quantum Resistant Ledger TV

contacting him and letting him know about him I think whether he'll be particularly happy to hear


Quantum Resistant Ledger TV

yet another gas hungry like contracts joining the projects I don't know well Batelik if you're


Quantum Resistant Ledger TV

listening in and you're out there and you do know about our project don't be shy feel free to


Quantum Resistant Ledger TV

tweet us at qrledger on twitter and we can strike up a conversation they happy to do that


Quantum Resistant Ledger TV

next question when will there be the first financial report coming out and on the status of the


Quantum Resistant Ledger TV

foundation and what topics would it cover? Good question is funded by this foundation and we'll


Quantum Resistant Ledger TV

be coming out of the report at some point this year we're talking about the financial standpoint


Quantum Resistant Ledger TV

of the projects and I'll run away and you know how long we think funds will last. Are there


Quantum Resistant Ledger TV

reason why we've been a bit sort of slow to come out with this is that we are in conversations with


Quantum Resistant Ledger TV

other projects and organizations for example exchanges etc. So the the project is funded by a