Quantum Resistant Ledger ranks #62 of 508 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 | $96M |
| 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 | 142 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 14 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 53 to 72 (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 | 5.5 | group average, 3 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 4.4 | 4 of 10 passed, 1 not yet measured source |
| Anyone can mint (permissionless) | ✓ | RandomX (quantum-resistant, XMSS) |
| Limited supply | ✓ | fixed maximum of 105,000,000 |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✓ | |
| No authority that can halt the chain or freeze funds | ✓ | No freeze or admin key over user balances. |
| No central team | ✗ | The QRL Foundation team maintains the only node (theQRL/QRL, MIT); go-qrl is for the separate QRL 2.0 chain. |
| Fees under one cent | – | |
| Payments safe to accept within seconds | ✗ | Proof-of-work blocks about every 60 s with probabilistic confirmation. |
| UTXO ledger | ✗ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | — | too few measures yet source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (1,000 transactions a second or more 10) | – | 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 |
| Security (9 checks) | 2 | 2 of 9 passed source |
| Miners paid over $1 million a day | ✗ | about $2,250 a day |
| Miners paid over $100,000 a day | ✗ | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | |
| Largest pool or validator under 50% | ✗ | 86% |
| Largest three under 75% | ✗ | 86.8% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | The QRL Foundation team maintains the only node (theQRL/QRL, MIT); go-qrl is for the separate QRL 2.0 chain. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 36 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Decentralisation: nodes (Source) | — | Not yet counted |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 0 | 0 of 6 passed, 1 not yet measured source |
| Decentralisation | ||
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | QRL nodes relay transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | The QRL node ships no SPV or other light client; wallets trust the node they connect to. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | – | No documented pruning mode found. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions; XMSS signatures are public. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Issuance | 4.6 | group average |
| 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 |
| Supply & Demand | 6.1 | group average |
| Supply & Demand (Source) | 3.7 | average of 6 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Volume rank among the top 200 | 0 | $50,474 traded in 24 hours; #1783 by volume on the exchanges the site reads (ranked 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) | 3.4 | $10,359 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) | 5 | $96M, 5 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 10 | no perpetual futures on the exchanges read |
| Supply (smaller is better) | 8.5 | fixed maximum supply of 105 million |
| Record | 9.3 | 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) | 9 | 3 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. |
| Token issuance at protocol level, validated by its own nodes, +2 | ✓ | Token transactions native to the QRL protocol since its 2018 mainnet, letting any address create a token for a fee. |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). 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 142 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).