Will Quantum Computers Be Able to Crack Bitcoin's Code? Company Announces 1 BTC Prize Contest!

As quantum computing becomes more and more a part of our lives, quantum computing research company Project Eleven has launched a competition to see how quantum computing currently poses a threat to Bitcoin (BTC).

Accordingly, Project Eleven has announced that it will offer a reward of 1 Bitcoin to the person who can crack Bitcoin’s cryptography within a year.***

Project Eleven named the Bitcoin award to be given at the end of the competition “Q-Day Award”, saying that the purpose of the award is to test how quantum computing poses a big threat to Bitcoin and to find quantum-proof solutions to secure Bitcoin in the long term.

Project Eleven said that if quantum computers were able to crack Bitcoin’s keys (ECC) elliptic curve cryptography, more than 6 million Bitcoins, worth about $500 billion, could be at risk.

Participants can register individually or as a team, and they have until April 5, 2026 to complete the task. The person or persons who win the prize will receive 1 Bitcoin.

"We’ve just launched the Q-Day Award.

1 BTC to the first team to crack a toy version of Bitcoin’s cryptography using a quantum computer.

Deadline: April 5, 2026

Mission: Protect 6 million BTC üzerinde( $)500 billion

Task: To crack the ECC key with a quantum computer.

Reward: 1 BTC + to make cryptography history.

This is just the beginning - If someone breaks a 5-bit key, it will be a turning point.

*This is much smaller than BTC’s 256-bit keys, but quantum computers will also reach this size." *