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The Q-Day Prize challenge, explained: Can quantum computers really break Bitcoin?

cryptoweekly by cryptoweekly
May 14, 2025
in bitcoin, News
0

Quantum computing firm Project 11 is offering 1 BTC to anyone who can crack a “toy version” of Bitcoin’s cryptography through quantum computing.

The Q-Day Prize is a challenge to make the Bitcoin network quantum resistant.

On April 16, 2025, quantum computing-focused company Project 11 announced the “Q-Day Prize,” a competition to break a “toy version” of Bitcoin’s cryptography with a quantum computer. Contestants must complete the Q-Day Prize challenge by April 5, 2026.

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  • SEC opens Franklin Templeton XRP, SOL ETF proposals to comments
  • US Senate passes GENIUS stablecoin bill in 68-30 vote
  • 25% Bitcoin price rally set to follow today’s correction if history repeats
  • JPMorgan pushes JPMD pilot on Base, says deposit tokens beat stablecoins
  • Ether price stable near $2.4K as crypto investors bet on long-term growth
  • GENIUS Act could strengthen dollar power, write ‘rulebook’ for global financial system
  • Cycles eyes sustainable crypto credit after 2022 liquidity crisis

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