Can quantum computing end the safety of Bitcoin? This question has been in front of the Crypto World from the beginning of the development of quantum computer. Now to know the answer to this question, Quantum Computing Research firm Venture 11, has started the “Q-Day prize” challenge. The purpose of this challenge is to do examin whether quantum computer Bitcoin Can break security of. Venture 11 has announced a reward of 1 BTC to the first team to complete this challenge.
What is Q-Generation Prize Challenge?
In the “Q-Day prize” challenge, participants will have to crack a part of Bitcoin’s “Private Ki” by using real quantum computer. For this, they have to use Shor’s Set of Rules. Also, the participant can only use quantum computers. The main objective of this challenge is to find out whether the quantum computer can crack the security of the Bitcoin based on Elliptic curve cryptography (ECC). If someone is successful in this, he will give him a reward of Venture 11, 1 BTC. For this, the deadline of 5 April 2026 has been fixed.
What is the significance of this challenge?
“Q-day prize” is not a common challenge, but it is an important experiment. Through this, Venture 11 wants to detect the impact on the security of cryptocurrency like quantum computer’s bitcoin. Bitcoin’s security is based on ECC in today’s time, which is very strong in terms of normal computers. But if the quantum computers become so powerful that they can crack it, then it is a threat to the entire security of Bitcoin and other cryptocurrency to be compromised.
With the outbreak of this challenge, we will be able to prepare a preparation for the dangers coming on the crypto currency with the development of quantum computers in the future. This will also help in understanding whether we should prepare a new security layers for crypto technology. If you live Bitcoin Worth If you want to know, click on the link.
Conclusion
The “Q-day prize” challenge deals with an important issue, how ready the security of bitcoin and other cryptocurrency is in front of the quantum computer. Although quantum computers have not developed so much that they can crack the security of Bitcoin, but quantum technology is currently on the development of the development. In such a situation, Crypto World is required to prepared the prior for this. This challenge will test cryptocurrency and its security and will give imports for the preparation of Secure Future.
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