Investing in coins I don't currently have. $100 a week for at least 10 weeks. Giving away free crypto each time I invest.

Week 8 - Quantum Resistant Ledger (QRL)

Market Cap - $30,148,976
Price - $0.579788
Supply - 52,000,000 QRL tokens
$100 nets ~172 QRL
https://theqrl.org/

What is QRL?

The Quantum Resistant Ledger is a public blockchain that is trying to pioneer an area that hasn't been addressed yet in cryptocurrency -- resistance to attacks from quantum computers.

QRL is still a very new cryptocurrency. The initial coin release was done spring of this year and it was released as an ERC20 token. They are still running on test net but after the Genesis block is mined on mainnet this fall they will be exchanging 1:1 for their solo token.

From my understanding, the potential problem is the current transaction security of crytpocurrency. When you send a transaction it creates a digital signature. This signature exposes the public key, and as of the end of 2016, half of the Bitcoin ledger balance was held in addresses with exposed public keys. With our current computers trying to force your way into hacking the blockchain would take years, but the theoretical quantum computers could be exponentially faster and more powerful than what we have now.

The rise of quantum computers could happen in a public light and Bitcoin and other cryptos could adapt and there would be no problem. But not every computer genius is open and share their hacking methods, so QRL is stepping it up before the problem arises.

I'd like to note that, as white papers go, this was the most amazingly difficult one I have every read. I'm pretty sure I had two seizures and half an aneurysm. I'm not a maths guy. I'm barely a computer guy. They made me feel confident for the first few minutes and then the next half hour was tormenting...

Anyway, I always like investing in new projects, especially new projects that are trying to tackle something that nobody else has. The QRL team is very active and has been growing since inception. Check them out if you're looking for another hot ERC20 token to send to your Ethereum wallet!

I will be giving away 50 QRL tokens. Just leave a working QRL address in the comments by Friday, August 25th and a winner will be chosen at random.

Week 1 - Gridcoin
Week 2 - BitBay
Week 3 - WeTrust
Week 4 - Vertcoin
Week 5 - Swarm City
Week 6 - Storj
Week 7 - LBRY Credits