Bitcoin’s quantum threat: Naoris offers bounty to break crypto encryption

Naoris is offering significant financial rewards for successfully undermining key encryption standards like secp256k1, directly affecting Bitcoin and Ethereum protocols. With the looming potential of quantum computers, the firm seeks to bolster defenses before actual threats emerge.

Experts acknowledge the risks quantum computing poses to cryptography. Current efforts focus on updating Bitcoin’s security to counter these advancements, showcasing a proactive approach in a rapidly evolving digital landscape.

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