Project Eleven Launches $1 Million Prize to Confront Quantum Threat

Quantum computing firm Project Eleven has launched a bold new initiative: the Q-Day Prize, offering a substantial $1 million reward for breaking Bitcoin’s cryptography using quantum technology. The challenge is set to begin on April 5, 2026 and aims to spur advancements in quantum computing security while exploring the potential vulnerabilities of existing cryptographic systems. 1 Billion will be awarded to the first team successfully exploiting these vulnerabilities. This prize draws attention to the growing threat posed by quantum computers and underscores the urgency for developing robust cybersecurity solutions.