๐๐ช๐๐ฃ๐ฉ๐ช๐ข ๐พ๐ค๐ข๐ฅ๐ช๐ฉ๐๐ฃ๐ ๐ฉ๐๐ง๐๐๐ฉ ๐ฉ๐ค ๐๐๐ฉ๐๐ค๐๐ฃ.
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Quantum Computing Threat to BitcoinChainGPTChainGPTChainGPT
Project Eleven, a quantum computing research firm, has initiated a competition to assess the potential threat quantum computing poses to Bitcoin. The competition, named the 'Q-Day Prize', offers 1 Bitcoin to the individual or team that successfully cracks a significant portion of a Bitcoin key using a quantum computer within a year. Project Eleven aims to determine the urgency of the quantum threat to Bitcoin and develop quantum-resistant solutions for long-term security. With over 6 million Bitcoins at risk if quantum computers can break elliptic curve cryptography keys, the competition seeks to test the scalability of cracking a full 256-bit Bitcoin key using Shor's algorithm. Participants have until April 5, 2026, to complete the task and the winner will receive 1 Bitcoin. Project Eleven highlights the potential of quantum systems to develop within the next decade, emphasizing the need for quantum-proof Bitcoin addresses.
