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Quantum Computing Collective Pledges 1 Bitcoin Reward for Cracking BTC’s Encryption
Quantum Computing Collective Pledges 1 Bitcoin Reward for Cracking BTC’s Encryption
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A research consortium specializing in quantum technologies has announced a bounty of 1 BTC (Bitcoin) for anyone capable of compromising Bitcoin’s cryptographic security framework. The challenge aims to test the resilience of blockchain encryption against advanced computational methods, including potential quantum attacks. Participants must demonstrate a verifiable breakthrough in breaking SHA-256 or ECDSA, the core algorithms securing Bitcoin’s network. The initiative has sparked debate among cryptographers about the long-term viability of current cryptographic standards in the face of emerging quantum capabilities. Submissions will be independently verified by a panel of cryptography experts before the reward is released.
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