Bitcoin Security Challenge: $1 BTC Prize for Cracking Quantum-Resistant Cryptography

The field of quantum computing is rapidly evolving, raising questions about its potential impact on existing security systems, including Bitcoin. Project Eleven, a research company specializing in quantum computing, has launched a challenge to assess the threat level posed by this technology to Bitcoin’s cryptography. 1 Bitcoin will be awarded to the team that successfully demonstrates how to crack Bitcoin’s security using quantum computers within one year of the competition launch date.