#ProjectCrypto 😎 Quantum Challenge to Bitcoin: $120,000 Bounty for Breaking Blockchain Encryption

Cybersecurity firm Naoris has launched an unprecedented bug bounty, offering rewards to anyone who can crack the key cryptographic algorithms protecting Bitcoin, Ethereum, and Solana. The prize pool stands at $120,000 (~1 BTC).

What’s at stake:

🟡 $50,000 — for successfully breaking secp256k1, the standard underpinning Bitcoin, Ethereum, and many other protocols.

🟡 $30,000 — for compromising Ed25519, used by Solana and messaging apps like Signal and WhatsApp.

🟡 $20,000 — for breaking NIST P-256, which secures internet traffic (TLS).

🟡 $10,000 — for cracking other elliptic curves (P-224, P-384, P-521).

Why it matters:

🟡 If secp256k1 is broken, it would collapse the security of Bitcoin and many other blockchains, including the Lightning Network and Ethereum L2 protocols.

🟡 A successful attack on Ed25519 would threaten server security, Git version control, and parts of the DNS system.

🟡 Breaking modern cryptography would endanger the entire digital infrastructure, not just cryptocurrencies.

Experts believe that with today’s GPU technology, cracking secp256k1 would take trillions of years. But quantum computers could one day make the impossible possible.