Quantum Resistant Ledger ranks #62 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #290: 228 of the 289 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 299 non-native assets CoinSpectrum lists above it by market cap, about 52% are tokens, 42% are claims on other assets and 6% are memecoins.
| CoinSpectrum Grade | B · 65/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #62 |
| Rank counting claims | #290 |
| Market capitalisation | $95M |
| Price | $1.22 |
| Circulating supply | 78,392,960 QRL |
| Maximum supply | 105,000,000 QRL |
| Consensus family | Proof of Work |
| Consensus mechanism | RandomX (quantum-resistant, XMSS) |
| Own hashrate | 149 MH/s |
| Ledger type | Single-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 65 out of 100, provisional (from 17 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 54 to 70 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.3 | group average, 9 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 10 | 4 of 4 points, 2 not yet measured source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 9.6 | fixed maximum supply of 105 million: supply scale 9.1, cap 10 |
| Durability (Sustainability · 1 Store of value) | ✓ | 9 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | – | |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 9 decimal places, the smallest unit worth $1.2e-9 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | – | node software open source |
| Scalability (fees, throughput, block time, block space, features) | — | too few measures yet source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 0 | 0 of 2 passed, 1 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | Proof-of-work blocks about every 60 s with probabilistic confirmation. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | No documented pruning mode found. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | The QRL node ships no SPV or other light client; wallets trust the node they connect to. |
| Security (miner pay and 7 checks) | 2.2 | 2.2 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0.9 | about $2,249 a day |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | |
| Largest pool (Pool or validator under 50%) | ✗ | 86% |
| Largest three (Under 75% together) | ✗ | 86.8% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | The QRL Foundation team maintains the only node (theQRL/QRL, MIT); go-qrl is for the separate QRL 2.0 chain. |
| Real use (1,000+ transactions a day) | ✗ | about 36 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 5.6 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No freeze or admin key over user balances. source |
| No central team (Source) | 0 | A central team directs it: The QRL Foundation team maintains the only node (theQRL/QRL, MIT); go-qrl is for the separate QRL 2.0 chain. source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 1.9 | 81.3% of today's supply allocated at launch to founders, a company, a foundation or investors. 65,000,000 QRL at genesis (June 2018): 52M to 2017 token-sale holders and 13M reserved (8M for QRL Foundation distribution), against total supply 79,908,141 QRL per theqrl.org tokenomics page (undated periodic snapshot). source |
| Fundraising | 1.9 | Sold by its issuer or insiders: 81.3% of supply was theirs to sell, 65.1% sold so far. The 2017 angel round and May 2017 public token sale delivered 52M QRL at genesis (June 2018); the 13M reserve was not sold. 52M / 79,908,141 QRL total (theqrl.org tokenomics snapshot) = 65.1%. Angel round of $2M (Jan 2017) followed by a public ICO 1-24 May 2017 selling 52M tokens at ~$0.0785 for ~$4.16M. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. The 40M QRL emission (decaying over ~200 years) goes entirely to block producers; the QRL Foundation's share was the 13M genesis reserve, which is premine. source |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | QRL nodes relay transactions directly. |
| Hidden amounts (Amounts confidential) | ✗ | No confidential transactions; XMSS signatures are public. |
| Hidden parties (Sender and receiver hidden) | ✗ | No sender or receiver hiding. |
| Programmability (tokens, contracts, 5 checks) | 3.3 | 3 of 9 points source |
| Token issuance (At protocol level) | 2 | Token transactions native to the QRL protocol since its 2018 mainnet, letting any address create a token for a fee. |
| Smart contracts | 0 | Fixed transaction types (transfer, token, message, multisig, slave); Zond's contract layer is not on mainnet. |
| Multisig and time locks (Without a third party) | ✗ | Weighted threshold multisig addresses since the Bromine hard fork (2020), but spend proposals carry only an expiry height, with no time-locked spending. |
| Atomic swaps (With other chains) | ✗ | No hash-lock or time-lock condition to express an HTLC. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the protocol. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✓ | Native token transactions can create a supply-1 token; the QIP-014 NFT encoding on top of them is still a draft. |
| Supply & Demand | 6.5 | group average |
| Supply & Demand (Source) | 3.9 | average of 6 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 1.6 | $16,892 traded in 24 hours; #1788 by volume on the exchanges the site reads (scored on the median day of the last 30, $65,216) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 0.5 | 0.08% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 3.5 | $10,369 within 2% of the price on 1 exchange, 0.01% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.9 | $95M, 4.9 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Supply (smaller is better) | 9.1 | fixed maximum supply of 105 million |
| Record | 8.7 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 9 | 9 full years since 2017-06-10, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 2 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 80 commits in 7 of the last 12 months (github.com/theQRL/QRL); QRL v4.0.12, 11 Oct 2026; 7 releases in the last 24 months. |
| Shipped a security fix in two years, +1 | ✓ | QRL v4.0.7, 30 May 2026: fixed OTS key reuse detection beyond the first bitfield page (consensus validation); v4.0.8 tightened token balance validation. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
78,392,960 of a maximum 105,000,000 QRL are in circulation — 74.7% of the total that will ever exist.
| Premine (allocated at launch) | 81.3% of today's supply |
|---|---|
| Sold by the issuer or insiders | 65.1% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Public sale |
65,000,000 QRL at genesis (June 2018): 52M to 2017 token-sale holders and 13M reserved (8M for QRL Foundation distribution), against total supply 79,908,141 QRL per theqrl.org tokenomics page (undated periodic snapshot).
Angel round of $2M (Jan 2017) followed by a public ICO 1-24 May 2017 selling 52M tokens at ~$0.0785 for ~$4.16M.
The 2017 angel round and May 2017 public token sale delivered 52M QRL at genesis (June 2018); the 13M reserve was not sold. 52M / 79,908,141 QRL total (theqrl.org tokenomics snapshot) = 65.1%.
The 40M QRL emission (decaying over ~200 years) goes entirely to block producers; the QRL Foundation's share was the 13M genesis reserve, which is premine.
Sources: theqrl.org · theqrl.org · coingecko.com · docs.theqrl.org · theqrl.org · theqrl.org. Researched 2026-10-24, medium confidence.
Quantum Resistant Ledger is secured by 149 MH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Quantum Resistant Ledger is #62 among cryptocurrencies and #290 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 228 places between Quantum Resistant Ledger's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).