Python-based blockchain ledger utilizing hash-based one-time merkle tree signature scheme (XMSS) instead of ECDSA. Proof-of-work block selection via the cryptonight algorithm. Late 2018 planned transition to POS with signed iterative hash chain reveal scheme which is both probabilistic and random (https://github.com/theQRL/pos).
Hash-based signatures means larger transactions (3kb per tx, binary), longer keypair generation times and the need to record 'state' of transactions as each keypair can only be used once safely. Merkle tree usage enables a single address to be used for signing numerous transactions (up to 2^13 computationally easily enough). Transactions have an incremented nonce to allow wallets to know which MSS keypair to use - currently XMSS/W-OTS+ are natively supported.
We recommend exploring our Documentation
For instructions on how to install a node, please refer to Install Node
- theqrl.org
- Blog (Medium)
- Original Whitepaper (English) or other languages [These documents are subject to change]
- Original Proof of Stake document [This document is subject to change]
- Discord Chat