Project11
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Project 11 raises $6M in a Seed funding round
#Project11 secures $6M in a Seed funding round co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation. Project 11 will utilize secured funds to develop quantum-secure infrastructure for protecting #Bitcoin and other digital assets from future quantum computing threats.
Project 11 is a company developing tools and infrastructure to help existing software systems prepare for integration with future quantum computing technologies.
👉 blog.projecteleven.com/posts/announcing-our-6m-seed-round-to-build-a-quantum-ready-future
#Project11 secures $6M in a Seed funding round co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation. Project 11 will utilize secured funds to develop quantum-secure infrastructure for protecting #Bitcoin and other digital assets from future quantum computing threats.
Project 11 is a company developing tools and infrastructure to help existing software systems prepare for integration with future quantum computing technologies.
👉 blog.projecteleven.com/posts/announcing-our-6m-seed-round-to-build-a-quantum-ready-future
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The $85,000 reward for breaking Bitcoin’s encryption: The race with quantum computers has begun
The cryptocurrency market is facing an existential challenge – quantum computers. In a shocking move, the research project Project 11 has just offered a reward of 1 BTC (equivalent to nearly $85,000) for any individual or group that can break a simplified version of Bitcoin's encryption using a quantum computer. Could this be an early warning for the day when blockchain is compromised?
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