The quantum computing group, known as Project Eleven, has abandoned public Gauntlets in the world’s encryption community, and has been rewarded to the first team to deliberately break down scale versions of Bitcoin’s elliptical cubic encryption using a genuine quantum computer before April 5, 2026.
The group published the following “Q -Day Prize” in X. “We started Q -Day Prize. 1 Q -Day Prize. 1 BTC broke Bitcoin’s encryption toy version using quantum computers. Dead date: April 5, 2026. MISSION: This post is more than 10 years old.
Project Eleven does not ask the participants to shatter the 256 -bit curve of Bitcoin. Instead, the team should show a SHOR’s algorithm for elliptical -curve key in the 1-220 -bit range, but it is still called “toy” by a professional encryption artist, but it still appears to be larger than that of the physical bilateral processor. The organizer claims that even a three -bit brake will be “big news.” This is because it provides the first quantitative verified benchmark of quantum progress in a quantum -quantitative quantum progress for the ECDLP (ELLIPTIC -CURVE DECRETE -LOG FROBLEM). According to their words, “No one has strictly benchmarked this threat yet.”
To be qualified, the submission must include the methods used with the actual quantum hardware -executable gate -level code or obvious guidelines, error grade management and classic follow -up. Hybrid attacks on classic shortcuts are not allowed. All entries will be published, and the group will be published as a group frame with a radical transparent movement.
Why 1 Bitcoin- and why now?
Bitcoin’s security ultimately depends on the hardness of the individual log mercism for the SECP256K1 curve. While classic attacks expand exponentially, the 1994 Quantum algorithm of Peter SHOR can in principle solve the problem of polynomial time and destroy the cost of a simple one. According to current studies, companies such as millions of physical cue bits will be sufficient to threaten the 256 -bit key, which is supported by millions of physical cue bits. No one has demonstrated publicly.
Project Eleven says that the award is a bounty, which is intended to be more intended by diagnosis. More than 6 million coins, more than 10 million Bitcoin addresses have already exposed the public key through preliminary expenditures. If the quantum technology goes beyond critical critical prices before the coin is migrated to the quarter address, the funds are vulnerable to immediate theft. The group warned that “quantum computing is continuously progressing.” “If that happens, you need to know.”
This initiative lands in a terrible quantum proposal in a wider Bitcoin ecosystem. Earlier this month, a group of developers submitted a Quantum -remestant address migration protocol (QRAMP), which has submitted a proposal for improvement of Bitcoin to adjust the network in key format after Quantum. QRAMP is still uncertain because it requires a hard fork that breaks the consensus.
Separately, Canada’s startup BTQ has thrown an exotic evidence of rough grain boson sampling, which will replace today’s hash -based mining puzzles with optical sampling runs on quantum hardware. Like QRAMP, the concept of BTQ requires hard fork, but has not yet received extensive support.
From a technical point of view, even the 5 -minute non -elliptical cube version of the algorithm of the SHOR cannot be forgiven. It is consistent with cue -bit and hundreds of microseconds with more than 99.9 %fidelity and has been adjusted through a deep circuit to number numbers in thousands of two quart doors. Error -Correction Overhead adds an additional engineering burden. This only controlles noise using a compact code logic cubbit and impressive compilation technology.
However, it is impossible to desire to show practical benefits to university laboratory and corporate R & D teams. Cloud accessible devices of IBM’s Quantum System 2, Quantinuum’s H -Series and OQC’s superconducting platforms are already allowed for dozens of cases, or in IBM, allowed limited paid shots for hundreds of physical quizzes. It still remains whether such machines can maintain the circuit depth.
The resulting source supplies valuable data. According to Project Eleven’s launch tweets, the goal is “SHOR’s algorithm breaks the largest ECC key. Rewards: 1 BTC + encryption history.”
In the press time, BTC was traded at $ 84,771.
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