The challenge directly targets the Elliptic Curve Digital Signature Algorithm (ECDSA), which underpins bitcoin’s security model.
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Project Eleven To Award 1 BTC To Tackle Bitcoin’s Quantum Vulnerability
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Project Eleven’s Q-Day Prize is a cryptographic challenge that requires participants to use Shor’s algorithm on a quantum computer to break an elliptic curve cryptographic key, a foundational element of Bitcoin’s security.
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Project Eleven’s Q-Day Prize directly challenges the Elliptic Curve Digital Signature Algorithm (ECDSA), which is central to Bitcoin’s transaction security and vulnerable to Shor’s algorithm.
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