Zug, Switzerland, May 20, 2020 --(PR.com
)-- The Quantum Resistant Ledger (QRL) Foundation is pleased to announce EnQlave - the world's first ethereum-based post-quantum secure digital wallet. Existing public blockchain networks such as bitcoin and ethereum are quantum-insecure, but EnQlave offers high net worth users the ability for the first time to securely store crypto assets in a re-usable wallet without fear of quantum theft.
EnQlave relies upon native ethereum smart contracts providing a fully decentralised non-custodial ultra secure storage solution. It is powered by the same post-quantum cryptography used by the QRL network - the eXtended Merkle Signature Scheme (XMSS) - which is draft approved by NIST.
EnQlave will also enable the creation of quantum-resistant Ethereum ERC-20 tokens whose transfer requires valid XMSS signatures. This functionality will allow for the bi-directional migration of QRL’s unit of value (Quanta) between the QRL and Ethereum networks.
A QRL project spokesman said: "Our team is delighted to bring EnQlave out of stealth development as we move towards production of this ground breaking post-quantum secure wallet. Users will be able to safely store ether and ERC20 tokens in a re-usable digital wallet with the assurance of hybrid multi-signature ECDSA and XMSS cryptography. Additionally, EnQlave will pave the way for the creation of quantum-resistant Ethereum ERC20 tokens and will allow for the bi-directional migration of QRL’s unit of value (Quanta) between the QRL and Ethereum networks."
Notes to editors
Founded in 2016, the open source QRL project powers the world’s first post-quantum secure financial blockchain.
QRL is secured by XMSS, a draft-NIST approved post-quantum secure signature scheme.
The decentralised QRL platform, in addition to offering ultra-secure digital assets, provides simple creation and transaction of quantum-resistant tokens, notarisation of digital files, integration with the Keybase identity platform, mobile and Ledger Nano hardware wallet support, and the groundwork for ephemeral quantum-secure communication infrastructure.
The QRL: https://theqrl.org