[ANN] QRL - Announcing the Quantum Resistant Ledger

[Ebenezar64]

I am really interested in Quantum Computing so a coin like QRL is rally interesting. It is too bad with all the delays but I am hoping for an upcoming main net launch soon.
I have looked through the Whitepaper a bit and it is really impressive, like a thesis work.

Anyone here have any idea on what the fees are going to be like for the transacitons on the ultra secure Blockchain? I read a bit about the fees in teh Whitepaper but I didn't get an understanding of how much we can expect them to be. The transaction size will need to be larger compared to other ledgers which seems to imply a higher transaction fee since more work needs to be done. Will it be like bitcoin (which is pretty high right now) or will the QRL team be able to have it more like Litecoin? If any Developers (or experienced guessers) in this thread this would be very interesting to know.

[1715258333]

1715258333

[cyyber]

I am really interested in Quantum Computing so a coin like QRL is rally interesting. It is too bad with all the delays but I am hoping for an upcoming main net launch soon.
I have looked through the Whitepaper a bit and it is really impressive, like a thesis work.

Anyone here have any idea on what the fees are going to be like for the transacitons on the ultra secure Blockchain? I read a bit about the fees in teh Whitepaper but I didn't get an understanding of how much we can expect them to be. The transaction size will need to be larger compared to other ledgers which seems to imply a higher transaction fee since more work needs to be done. Will it be like bitcoin (which is pretty high right now) or will the QRL team be able to have it more like Litecoin? If any Developers (or experienced guessers) in this thread this would be very interesting to know.

While making transaction, user will have the option to decide how much fee, he/she would like to pay for the transaction. On the other hand, stake validators creating the block, will obviously process, the txns having higher fee first. Means people paying higher fee will be given higher priority. Its hard to say the exact value of fee, because it really depends upon the volume of transactions on a given particular time.

[WilderX]

I am really interested in Quantum Computing so a coin like QRL is rally interesting. It is too bad with all the delays but I am hoping for an upcoming main net launch soon.
I have looked through the Whitepaper a bit and it is really impressive, like a thesis work.

Anyone here have any idea on what the fees are going to be like for the transacitons on the ultra secure Blockchain? I read a bit about the fees in teh Whitepaper but I didn't get an understanding of how much we can expect them to be. The transaction size will need to be larger compared to other ledgers which seems to imply a higher transaction fee since more work needs to be done. Will it be like bitcoin (which is pretty high right now) or will the QRL team be able to have it more like Litecoin? If any Developers (or experienced guessers) in this thread this would be very interesting to know.

While making transaction, user will have the option to decide how much fee, he/she would like to pay for the transaction. On the other hand, stake validators creating the block, will obviously process, the txns having higher fee first. Means people paying higher fee will be given higher priority. Its hard to say the exact value of fee, because it really depends upon the volume of transactions on a given particular time.

This is my reasoning:

1) Transaction volume will stay low at first as QRL is mostly valued for it's store of value, security, most secure safe heaven for your crypto holdings if you will I know the whales will eventually see this  

2) We will see exponential growth in transactions volumes once other features of QRL start to kick in such as post-quantum encryption directly in the browser. We can sign transactions and encrypt communication between browsers and nodes. Actually this is already a possibility in QRL, but it will take time while users, companies etc. see the potential of this. Let's say for example post quantum encryption between your browser and your bank and any such situations where you need the highest security in communications. I think this is going to be huge area for QRL!

and other features in the pipeline will surely raise transaction volumes on QRL once they are implemented. I am personally not worried about transaction costs I am ready to pay fair value for the highest security as should everyone!

I don't see QRL as a competitor in the microtransaction space where you want the cheapest transactions some other chain can do that. QRL is where you move and store heavy value and communications, signatures, identification etc. stuff that really matters that calls for highest security.

[LEILO]

This will be over $1k in a next few years. Patience and time...shit doesn't get done overnight.

[WilderX]

I am really interested in Quantum Computing so a coin like QRL is rally interesting. It is too bad with all the delays but I am hoping for an upcoming main net launch soon.
I have looked through the Whitepaper a bit and it is really impressive, like a thesis work.

Anyone here have any idea on what the fees are going to be like for the transacitons on the ultra secure Blockchain? I read a bit about the fees in teh Whitepaper but I didn't get an understanding of how much we can expect them to be. The transaction size will need to be larger compared to other ledgers which seems to imply a higher transaction fee since more work needs to be done. Will it be like bitcoin (which is pretty high right now) or will the QRL team be able to have it more like Litecoin? If any Developers (or experienced guessers) in this thread this would be very interesting to know.

Tx costs will be far less than Bitcoin, because Bitcoin is Proof of Work based and QRL is Proof of Stake. There is no mining with heavy electricity consumption involved.

[WilderX]

This will be over $1k in a next few years. Patience and time...shit doesn't get done overnight.

1000$+ ?

  I have too few QRL. Must buy more!

[Ebenezar64]

I am really interested in Quantum Computing so a coin like QRL is rally interesting. It is too bad with all the delays but I am hoping for an upcoming main net launch soon.
I have looked through the Whitepaper a bit and it is really impressive, like a thesis work.

Anyone here have any idea on what the fees are going to be like for the transacitons on the ultra secure Blockchain? I read a bit about the fees in teh Whitepaper but I didn't get an understanding of how much we can expect them to be. The transaction size will need to be larger compared to other ledgers which seems to imply a higher transaction fee since more work needs to be done. Will it be like bitcoin (which is pretty high right now) or will the QRL team be able to have it more like Litecoin? If any Developers (or experienced guessers) in this thread this would be very interesting to know.

While making transaction, user will have the option to decide how much fee, he/she would like to pay for the transaction. On the other hand, stake validators creating the block, will obviously process, the txns having higher fee first. Means people paying higher fee will be given higher priority. Its hard to say the exact value of fee, because it really depends upon the volume of transactions on a given particular time.

This is my reasoning:

1) Transaction volume will stay low at first as QRL is mostly valued for it's store of value, security, most secure safe heaven for your crypto holdings if you will I know the whales will eventually see this  

2) We will see exponential growth in transactions volumes once other features of QRL start to kick in such as post-quantum encryption directly in the browser. We can sign transactions and encrypt communication between browsers and nodes. Actually this is already a possibility in QRL, but it will take time while users, companies etc. see the potential of this. Let's say for example post quantum encryption between your browser and your bank and any such situations where you need the highest security in communications. I think this is going to be huge area for QRL!

and other features in the pipeline will surely raise transaction volumes on QRL once they are implemented. I am personally not worried about transaction costs I am ready to pay fair value for the highest security as should everyone!

I don't see QRL as a competitor in the microtransaction space where you want the cheapest transactions some other chain can do that. QRL is where you move and store heavy value and communications, signatures, identification etc. stuff that really matters that calls for highest security.

You make very good points and I agree that a large selling point of QRL is going to be as a store of value. However most people won't like high TX costs (even for storage) since all will not have large investment and the TX cost will "feel" like loosing money if it is too high. But this should not stop the larger investors from seeing the value of having a safe place for their money. But for this QRL must also show a stable price over the long term before larger investor will be willing to store their cash/information there.

This is not something bad for QRL it is just important to understand what market QRL will be applicable for to be able to predict a possible future market cap. For now I will start accumulating small amounts of QRL over time and maybe in a few years it will be a gold mine

[Isenx]

This will be over $1k in a next few years. Patience and time...shit doesn't get done overnight.

1000$+ ?

  I have too few QRL. Must buy more!

They planned 100$ as an end goal for QRL (read the text they published when they had some issues with their collaborator)

If you don't own 10000 QRL, you might regret it someday.

[WilderX]

This will be over $1k in a next few years. Patience and time...shit doesn't get done overnight.

1000$+ ?

  I have too few QRL. Must buy more!

They planned 100$ as an end goal for QRL (read the text they published when they had some issues with their collaborator)

If you don't own 10000 QRL, you might regret it someday.

I have buy orders in @ Bittrex! Sell me your QRL or the bunny gets it!

[WilderX]

QRL Development Pulse - Week 46

v0.55 is out
Code refactoring has been stabilized
50% Code coverage
PRs are constantly checked in a local testnet
integration testing is now standard
Updated PoS + fork recovery
grpc API is now productive (wallet + blockexplorer)
CLI prototype is now being deployed.
Progress in linux deployment/packaging

[paxmao]

This will be over $1k in a next few years. Patience and time...shit doesn't get done overnight.

1000$+ ?

  I have too few QRL. Must buy more!

They planned 100$ as an end goal for QRL (read the text they published when they had some issues with their collaborator)

If you don't own 10000 QRL, you might regret it someday.

I have buy orders in @ Bittrex! Sell me your QRL or the bunny gets it!

I think this coin is futuristic really, I just wonder if the large coins will just fork once they see the "quantum threat" and then the advantage of QRL would be lost?

[Ebenezar64]

QRl is pumping heavily right now! Up almost 100% and on first page at Coinmarket cap. Someone has read the the 1000$ post and are now desperate to get some  

[WilderX]

Roger Ver has started he's accumulation of QRL.

[NutMasterTardd2]

This pump happens ever few months for no reason really and then falls back down, are we thinking this is to do with mainnet and real value is being gained now?

I'd expect this to be the same thing, accumulation and quick profit. I would expect the huge pump to 0.001+ next year. Though volume is building so it is hard to call, I'm holding long term anyway so I don't miss out on a good profit.

[AT101ET]

Roger Ver has started he's accumulation of QRL.

Source?

[WilderX]

Roger Ver has started he's accumulation of QRL.

Source?

I messaged him about QRL earlier.

[Vigovski]

I remember there was a guy named altcoiner.
I just want him to look at QRL graph and drop on his knees while holding his head with both hands and asking him self what he missed.

[NutMasterTardd2]

I remember there was a guy named altcoiner.
I just want him to look at QRL graph and drop on his knees while holding his head with both hands and asking him self what he missed.

This is nothing, wait until mainnet - This project is so under the radar it is unreal. Great opportunity for people reading this now.

[Sash_lav]

What happened with QRL???

[WilderX]

This will be over $1k in a next few years. Patience and time...shit doesn't get done overnight.

1000$+ ?

  I have too few QRL. Must buy more!

They planned 100$ as an end goal for QRL (read the text they published when they had some issues with their collaborator)

If you don't own 10000 QRL, you might regret it someday.

I have buy orders in @ Bittrex! Sell me your QRL or the bunny gets it!

I think this coin is futuristic really, I just wonder if the large coins will just fork once they see the "quantum threat" and then the advantage of QRL would be lost?

One does not simply fork true quantum resistance.