Quantum Computer Developer Offers 'Bitcoin' as Prize for Cracking Cryptocurrency
JOON HYOUNG LEE
Summary
- Quantum computer developer Project Eleven announced that it would offer Bitcoin as a prize to developers who crack the core technology of cryptocurrency.
- Project Eleven revealed that it plans to award the Q-Day Prize to developers who can crack Bitcoin's Elliptic Curve Cryptography using quantum computing technology.
- The value of the 1 Bitcoin designated as the prize is approximately $84,000 according to CoinMarketCap.
Quantum computer developer Project Eleven is offering Bitcoin (BTC) as a prize to developers who can crack the core technology of cryptocurrency.
On the 17th (local time), Project Eleven announced on its official X account that it would establish the 'Q-Day Prize'. Project Eleven plans to award the Q-Day Prize to developers who can crack Elliptic Curve Cryptography (ECC), one of the core technologies of Bitcoin, using quantum computing technology.
The prize is 1 Bitcoin. According to CoinMarketCap, Bitcoin is trading at around $84,000 as of today.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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