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Quantum Researchers Offer 1 Bitcoin To Break Toy Version Of BTC’s Cryptography

Bitcoinist LogoBitcoinist1w ago

Quantum Researchers Offer 1 Bitcoin To Break Toy Version Of BTC’s Cryptography - Bitcoinist

Quick Summary:

A quantum‑computing collective known as Project Eleven has thrown down a public gauntlet to the global cryptography community, offering a reward of one Bitcoin to the first team that can break a deliberately down‑scaled version of Bitcoin’s elliptic‑curve cryptography using a genuine quantum computer before 5 April 2026.

Cloud‑accessible devices from IBM’s Quantum System Two, Quantinuum’s H‑series and OQC’s superconducting platforms already allow limited, pay‑per‑shot access to dozens—or in IBM’s case, hundreds—of physical qubits.

Separately, Canadian startup BTQ has pitched an exotic proof‑of‑work alternative called Coarse‑Grained Boson Sampling, which would substitute today’s hash‑based mining puzzles with photonic sampling tasks executed on quantum hardware.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 07:00:19 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 736 words

Reading Time: 5 minutes read

Sentences: 49 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27973625

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Quantum Researchers Offer 1 Bitcoin To Break Toy Version Of BTC’s Cryptography" was covered 1 weeks ago by Bitcoinist, a news publisher based in Hungary.

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