Project Eleven launched “Q-Day Prize” offering 1 BTC to whoever cracks the largest Bitcoin elliptic curve cryptography key using Shor’s algorithm on a quantum computer
Over 10 million Bitcoin addresses with exposed public keys could be at risk from quantum computing advances
Participants have until April 5, 2026 to complete the challenge, with even small successes (like cracking a 3-bit key) considered newsworthy
Current quantum computers can manage 105-156 qubits, while experts estimate 2,000 logical qubits would be needed to break a full 256-bit Bitcoin key