bitcoinmagazine.com (nprofile…6atj)
✍️ Project Eleven, a quantum computing research organization, has launched the Q-Day Prize, a challenge offering 1 BTC to the first team to break an elliptic curve cryptographic key using Shor's algorithm on a quantum computer.
👉 The Q-Day Prize offers 1 BTC to the first team to break an elliptic curve cryptographic key using Shor's algorithm on a quantum computer
👉 The challenge targets the Elliptic Curve Digital Signature Algorithm (ECDSA), which underpins bitcoin's security model
👉 More than 6.2 million BTC, worth nearly $500 billion, are currently held in wallets with exposed public keys and could be at risk if quantum capabilities advance further
👉 Recent developments in quantum computing have added urgency to the initiative
👉 Access to quantum computing is expanding through cloud-based services from providers such as IBM, AWS, Google, and Alibaba
#AlexPruden,CEOandco-founderofProjectEleven #technology
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Bitcoin Magazine Project Eleven To Award 1 BTC To Tackle Bitcoin’s Quantum Vulnerability Project Eleven launches the Q-Day Prize, offering 1 BTC to anyone who can break bitcoin’s cryptography using a quantum computer. This post Project Eleven To Award 1 BTC To Tackle Bitcoin’s Quantum Vulnerability first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.
https://bitcoinmagazine.com/news/project-eleven-to-award-1-btc-to-tackle-bitcoins-quantum-vulnerability