Project 11 Causes everything to make the BitCoin key using a quantum computer. The prize is 1 BTC

Project 11, Quantum investigative research, announced competition under the name K-DAI award 16. April 2025. years, participants must violate the most of the Vercoyn ECC key using Shor’s algorithm on the quantum computer. The deadline is 5. April 2026. years. Award: 1 BTC.

Mission behind competition

According to researchers, quantum computers will be able Resolving tasks that modern computers should complete the modern computers. Such computing power is widely observed as a threat of cryptocurnancy networks, because they could sparkle encrypted data. Bitcoin (Btc) and Etherum (El) They are especially vulnerable, because newer coins are made in the form of quantum resistance.

Although some competition as a threat to Bitcoin’s security, project 11 claims that the real mission is to avoid future violations related to quantum progression, assess risks and take appropriate action to respond to the threat

As the project 11 is placed in the announcement at the company’s company order, the mission is to protect six million Bitcoin. Project 11 explains that currently, Bitcoin safety relies heavily on the cryptography of the elliptical curve, allegedly vulnerable to quantum computers running on a scarf algorithm. The violation of this protection is a matter of time. The idea behind the competition is that this threat is measured and achieve practical data to work in creating a solution that will protect the BitCoin network from quantum computers.

Toward List of conditionsThe project 11 does not predict that someone will violate the entire key Bitcoin. The company invites competitors to try to break small parts of the 256-bit key. The project 11 offers toy keys from 1 to 25 bits in length. While the company puts, even the breaking of a 3-bit key would be a big news.

Significance for transparency

The project 11 emphasizes the need for transparent stress testing, open to everything, to provide an honest and clear picture of how real quantum threats is.

Here’s what the company says about it:

“Kuantum calculation is progressing quickly, and the impact on cryptography is inevitable. Instead of waiting to break through the closed door, we believe in dealing with this challenge on transparent and strict.

The queuing award is related to testing of actual quantum abilities, which stable the border of cryptanalysis and ensuring that the world is ready for what follows. The future of cryptography depends on it. “

Assigning people to shoot key cryptography Bitcoin is also a bold move that can increase the awareness of quantum computer threats Bitcoin, as not everyone knows about it and many reduce this danger.

The transparency of the competition will ensure that the threat is real, not something made. Thanks to the submitted tasks that are visible to everyone, the threat can become fans and resembles open source software in this regard.

How much is the actual threat of quantum computers?

Project 11 Notes that no one has ever been able to break any ECC key used in a real life cryptography, either by classical methods or quantum computers. However, quantum calculation develops and the threat is real. Website Project 11 Mention that the National Institute of Standards and Technology (NIST) is actively transitioned to post-quantum cryptography (PKC), because the ECC is widely adopted vulnerable to potential quantum attacks. Several brand brands are now promoted as quantum Ledger.

According to existing estimates, the quantum computer must reach 2,000 cubits to interrupt the ECC keys. Currently, various companies are working on quantum chips. However, their capacity is far above 2,000 cubits. For example, Google’s Villow chip reaches 105 cubits. IBM’s class is more powerful, with 150 cubits. Quera is a company for focusing the Kuantum Computer. His analog quantum computer reportedly reaches 256 cubit brands.

Different prominent experts and professionals in the cryptocurlency community expressed concern about the potential dangers of quantum computing for Bitcoin.

Opinions

The tedgered director Paolo Ardoino took the KS to convey its optimistic position on the future of Bitcoin in the quantum computer era. It doesn’t seem to doubt the quantum computers will eventually break the ECC key. Until then, the solution will already be found, and all Bitcoin owners transferred its property to quantum addresses resistant to quantum resistant. “Lost Wallets”, including Satoshi’s addresses, will be hacked, and these coins will enter traffic.

John Lilic from Telosa BlocCchain describes the opposite side of the case for the use of the quantum computer. He points out that they can be used not to rob cry with lost keys, but that legitimate owners give the opportunity to attract access to their locked bitcoines.

Different experts estimate that quantum computers will enter the image between 2030. And 2050. years. Any way, to develop programmers to emerge protection measures, while even modern-day technologies allow people to protect their coins. Quantum computers are harmless for those that use cold banknotes, multisigene wallets or modern cash networks for quantum resistant.