Project Eleven suggested 1 BTC for quantum breaking cryptography of bitcoin

Research project Project Eleven offered a prize in 1 BTC for breaking the maximum possible key ECC Using a shore algorithm on a quantum computer. Open The Q-Day Prize competition will last until April 5, 2026.

We just launched the Q-Day Prize.

1 BTC to FIRST TEAM TO BREAK A TOY Version of Bitcoin’s CrypTography Using A Quantum Computer.

Deadline: April 5, 2026
Mission: Protect 6M BTC (Over $ 500b)

– Project 11 (@qdayclock) April 16, 2025

The task is directly aimed at the algorithm of the digital signature of the elliptical curve (ECDSA), which underlies the Bitcoin safety model.

Project Eleven experts have prepared a set of ECC Key Security Keys from one to 25 bits for the competition. Participants in the application should disclose the instructions for the developed hacking program, the general approach, the methods used and the equipment specification. All the results will be published in the open access.

According to the project, more than 6.2 million BTC worth about $ 500 billion is currently stored in open key wallets and may be at risk due to the development of quantum computing. Project Eleven initiative seeks to assess the practical level of risk in connection with these fears.

“We do not have a clear idea of ​​how close we are to the quantum” end of the world “for the cryptography available. The Q-Day Prize is intended to take the theoretical threat from the quantum computer and turn it into a specific model, ”said Alex Pruden, an interview with Bitcoin Magazine CEO and co-founder of Project Eleven.

In October 2024, Chinese scientists made the “first effective attack” on a widely used encryption algorithm using a quantum computer. Experts later stated that the mentioned threat to cryptocurrencies was exaggerated.

The scientist from the University of Kalgary Pierre-Luke Daller Demors believes that quantum calculations do not pose a threat to bitcoin hammoars in the next five years. However, CEO Tether Paolo Adoino predicted that sooner or later the lost coins, including ~ 1 million BTC Satoshi Nakamoto, will be broken and returned.

We will remind, the co -founder of CASA Jameson Lopp suggested to burn these bitcoins. With regard to the valid vulnerable addresses, he proposed to set a deadline for switching to quantum -resistant format, and after the time to freeze the assets remaining at risk.

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