The project 11 offers 1 BTC to which the longest key bitcoin cracks

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The project 11 offers 1 BTC to which the longest key bitcoin cracks

Kuantum Computer Research Firm Project Eleven launched a competition to see how many quantum threats currently presents in Bitcoin.

Starting competition 16 April, project eleven said Offers 1 bitcoin (Btc) To whom the biggest piece of key for Bitcoin is cracking using the quantum computer within next year.

The project eleven said that the “Daily” award is to test “as far as the urgent threat of” quantum is Bitcoin and to find quantum solutions to secure Bitcoin in the long run.

“10 million + addresses exposed to public keys. Quantum calculation is constantly progressing. Nobody became strictly challenged this threat,” “Project Eleven wrote at x 16. April.

More than 6 million Bitcoin – worth about $ 500 billion – can be at risk If quantum computers become powerful enough to break the keylogs of an elliptical curve (ECC), eleven projects said.

Participants can be registered as individuals or as a team and have up to 5. April 2026. years to complete the task. The winner of the award will win 1 bitcoin, which is currently worth $ 84,100.

The goal is to stay algorithm to run on Quantum computer To burst as much pieces of wrench for Bitcoin, acting as evidence of the concept that the technique could break the full, 256-bitcoin key after it is necessary to count.

“Mission: Download the largest ECC key possible using Short’s algorithm on a quantum computer. No classic shortcuts. No hybrid tricks. Pure quantum power,” Eleven Eleven said.

“You don’t have to pierce the Bitcoin key. The 3-bit key would be a big news,” she added.

No ECC key used in real applications ever been broken, eleven projects, adding that the winner could “reduce cryptography history”.

The project eleven noted that several online platforms offer quantum access to a computer, such as Amazon Web Services and IBM.

Current evaluations suggest that about 2,000 logical cubits (corrected mistakes) would be enough to stop the 256-bit ECC key, the project has noticed.

IBM’s Heronian chip and Google’s willow can currently do 156 and 105 cubits – significant enough to cause concern, According to the project eleven, which believes that 2,000 cubit quantums can be developed in the next decade.

Quantum threat bitcoin is real, but there are times, bitcoiners say

Bitcoin Cipherpunk Jameson Lopp Recently said The question of how it deals industry should be of quantum computing currently “irresponsible”.

“I think it’s far from the crisis, but given the difficulties in the change of Bitcoin, it’s worth starting seriously,” said Lopp at post 16. March.

In February, the whole full Paolo Ardoin said care is well founded But he is confident that Addresses from quantum resistant bitcoin will be spent well before any “serious threat” appears.