The quantum computing company launched the Eleven project to know the amount of quantum computing that is currently Bitcoin.
Launching the competition on April 16, eleven project He said It offers Bitcoin 1 (BTC) to anyone who makes the largest part of the Bitcoin key using the quantum computer next year.
Eleven project said that the purpose of the “Q-Day Award” is to test the “extent to which” quantum “threat to bitcoin and finding resistant solutions to the quantity to secure Bitcoin in the long term.
“10 million titles+ public keys were subjected. Quantum computing is progressing steadily. No one has strictly evaluated this threat,” eleven project books In x on April 16.
The project said that more than 6 million bitcoin currencies – worth about $ 500 billion – may be at risk if quantum computers become strong enough to break the elliptical coding keys (ECC).
Participants can register as individuals or as a team and have them until April 5, 2026, to complete the task. The award winner will win 1 Bitcoin, currently of $ 84,100.
The goal is to run the Shor algorithm on the quantum computer to break the largest number of Bitcoin key, as it works as evidence that this technology can expand to break down the entire Bitcoin key 256 bits once the necessary account is available.
“The mission: breaking the largest ECC key using the Shor algorithm on the quantum computer. No classic shortcuts. No hybrid tricks. Pure quantum energy,” said the project.
He added: “You do not need to break the Bitcoin key. The 3 -bit key will be a big news.”
No Ecc key used in the real world applications, as the eleven project indicated, adding that the winner may “decrease in the date of encryption.”
The Eleven project indicated that many online platforms provide a quantitative access to computing, such as Amazon Web Services and IBM.
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Current estimates indicate that about 2000 Qubits (errors correction) will be sufficient to break the ECC 256 -bit key, as indicated by Eleven.
IBM and Willow from Google can currently do 156 and 105 Qubits-which is important enough to cause concern, according to the Eleven project, which is believed to be developed a 2000 amount of amounts of amounts during the next decade.
Bitcoiners says the quantitative threat of bitcoin is real, but there is time
Bitcoin CypherPunk Jameson Lopp recently He said The question about the worrying of industry about quantum computing “is not answered” currently.
“I think it is far from the crisis, but given the difficulty of changing the bitcoin, it is worth starting to discuss seriously,” Lub said in a post on March 16.
In February, CEO of Tether Paulo Erdino He said Anxiety is on a good basis, but it is confident that the bitcoin headlines resistant to the quantity will be implemented before the emergence of any “serious threat”.
magazine: Bitcoin versus a quantum computer threat: timeline and solutions (2025-2035)
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