👨💻 Project Eleven, a company that deals with crypto security, decided to check how protected BTC is from quantum computers.
Researchers from Project Eleven announced a competition. Whoever can hack Bitcoin using a quantum computer will receive one BTC. The task is to hack the ECC key that protects the bitcoin. It must be hacked using Shor's algorithm.
❗They say that if quantum computers learn to hack crypto, it will put Bitcoin itself at risk. According to researchers, more than 6.2 million BTC are currently at risk.