Purpose and vision of Project Eleven’s Q-Day prize

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Project Eleven’s Q-Day Prize continues the legacy of public cryptographic benchmarks such as the RSA Factoring Challenge and Hal Finney’s SSL cipher challenge, which historically advanced the field of encryption security.

Alex Pruden, CEO and co-founder of Project Eleven, stated that the Q-Day Prize is intended to transform hypothetical quantum threats into concrete assessments of real cryptographic risk.

Project Eleven introduced the Q-Day Prize to move beyond theoretical quantum threats by encouraging a measurable test of Bitcoin’s cryptographic vulnerabilities to determine how close quantum computing is to realistically endangering current cryptographic systems.

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