The Quantum Resistant Ledger price is currently $ 0.119006 with a 24-hour trading volume of $ 779,924 across 5 exchanges. The QRL price is down -2.86% in the last 24 hours. Quantum Resistant Ledger reached its highest price on January 16, 2018, when it was trading at its all-time high of $ 4.16. It has a circulating supply of 72.16M QRL.

Quantum Resistant Ledger (QRL) is a blockchain technology that’s intended to provide protection against quantum computer-based attacks. Once quantum technology improves, it would hypothetically be possible for a quantum computer to crack high-grade encryption, breaking the security of numerous blockchains which are dependant upon it. Elliptical curve cryptography and prime number cryptography are the two concepts that are most threatened by quantum computing.

Quantum Resistant Ledger is designed as a sort of hedge fund against these attacks if or when they occur. In May and June of 2017, Quantum Resistant Ledger raised funds via an ICO before issuing QRL ERC20 tokens on the Ethereum blockchain. 52 million tokens were sold at a rate of 8 cents each.