Researcher wins 1 bitcoin bounty for 'largest quantum attack' on underlying tech
CoinDesk·8h ago·Neutral
What Happened
Independent researcher Giancarlo Lelli won Project Eleven's 1 bitcoin Q-Day Prize on Friday for breaking a 15-bit elliptic curve cryptographic key using publicly accessible quantum hardware. The achievement represents a 512x improvement over previous demonstrations of quantum attacks on the technology underlying Bitcoin and major blockchains. Bitcoin remains secure due to its 256-bit encryption.
Key Entities
Giancarlo LelliProject ElevenBitcoinElliptic Curve CryptographyQuantum ComputingShor's AlgorithmQ-Day Prize