Quantum

Project Eleven Raises $6M to Defend Bitcoin From the Coming Quantum Threat

Project Eleven has raised $6 million to protect bitcoin BTC$104,799.28 from the existential threat of quantum computing, as fears mount that the network’s core cryptography could one day be rendered obsolete. The round was co-led by Variant Fund and …

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Asia Morning Briefing: Could 3AC and Terraform be Blamed for Singapore’s Crackdown on Offshore Crypto Firms?

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s …

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Quantum Computing Group Offers 1 BTC to Whoever Breaks Bitcoin’s Cryptographic Key

Project Eleven, a quantum computing research and advocacy firm, has launched the Q-Day Prize, a küresel competition offering 1 bitcoin (BTC) to the first team able to break an elliptic curve cryptographic (ECC) key, the cryptography which secures the …

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Bitcoin Developer Proposes Hard Fork to Protect BTC From Quantum Computing Threats

Bitcoin could be headed for its most sweeping cryptographic overhaul yet if a new proposal gains traction. A draft Bitcoin Improvement Proposal (BIP) titled Quantum-Resistant Address Migration Protocol (QRAMP) has been introduced by developer Agustin …

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Blockchain Startup BTQ Proposes More Energy Efficient Alternative to Crypto’s Proof of Work

A new paper proposes using a method called “coarse-grained boson-sampling” to validate the proof of work process and reward successful miners.

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