{"id":22487,"date":"2025-04-17T07:01:47","date_gmt":"2025-04-17T07:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22487"},"modified":"2025-04-17T07:01:47","modified_gmt":"2025-04-17T07:01:47","slug":"quantum-computing-group-offers-1-btc-to-whoever-breaks-bitcoins-cryptographic-key","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22487","title":{"rendered":"Quantum Computing Group Offers 1 BTC to Whoever Breaks Bitcoin&#8217;s Cryptographic Key"},"content":{"rendered":"<div>\n<p>Project Eleven, a quantum computing research and advocacy firm, has launched the Q-Day Prize, a global competition offering 1 bitcoin (BTC) to the first team able to break an elliptic curve cryptographic (ECC) key, the cryptography which secures the Bitcoin network, using Shor\u2019s algorithm on a quantum computer.<\/p>\n<p>Shor&#8217;s algorithm is a quantum computing method that efficiently factors large numbers into their prime components, theoretically allowing quantum computers to break cryptographic algorithms like RSA and elliptic-curve cryptography used in Bitcoin and other blockchain networks.<\/p>\n<p>The contest comes as quantum computing advancements mean that a workable quantum computer might only be years away. Project Elevent has also identified more than 10 million bitcoin addresses with non-zero balances potentially at risk of quantum attacks.<\/p>\n<p>The Bitcoin community is aware of the quantum computing threat and is working on solutions.<\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/tech\/2025\/04\/05\/bitcoin-developer-proposes-hard-fork-to-protect-btc-from-quantum-computing-threats\" target=\"_blank\">As CoinDesk previously reported<\/a>, a Bitcoin Improvement Proposal (BIP), titled Quantum-Resistant Address Migration Protocol (QRAMP), was introduced in early April, which suggests enforcing a network-wide migration to post-quantum cryptography to safeguard Bitcoin wallets. This would require a hard fork, however, and getting that sort of consensus would be an uphill battle.<\/p>\n<p>Quantum startup BTQ has also proposed its own solution: <a href=\"https:\/\/www.coindesk.com\/tech\/2025\/01\/28\/btq-proposes-quantum-alternative-to-crypto-s-proof-of-work\" target=\"_blank\">a quantum-based alternative to Bitcoin\u2019s Proof of Work<\/a> called Coarse-Grained Boson Sampling (CGBS).<\/p>\n<p>CGBS works by using quantum computing to generate unique patterns of photons (light particles called bosons), replacing traditional mining puzzles with quantum-based sampling tasks for validation. But this also requires a hard fork, and the appetite for such a change isn\u2019t yet known.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Project Eleven, a quantum computing research and advocacy firm, has launched the Q-Day Prize, a global competition offering 1 bitcoin (BTC) to the first team able to break an elliptic curve cryptographic (ECC) key, the cryptography which secures the Bitcoin network, using Shor\u2019s algorithm on a quantum computer. Shor&#8217;s algorithm is a quantum computing method [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22487","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22487"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22487\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}