Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it
It's here! the first "breaking the elliptic curve" quantum computer cryptography competition is here! The QDay Prize is the first truly global quantum cryptanalysis competition with a 1 BTC prize. Entries are open, will anyone enter? https://www.qdayprize.org/
What's clear is that a major breakthrough in data decryption will occur very soon, and the 160 puzzle will certainly be decrypted this way.
What's clear is that a major breakthrough in data decryption will occur very soon, and the 160 puzzle will certainly be decrypted this way.
huh.... the silence in the chat indicates people are feverishly trying their own version of this
A specialized laboratory is required for such a quantum computer. Not only does it need laser-generated (radiated) random numbers, but it also requires a quantum computer with a specific type of qubit optimized for Shor's algorithm, high-efficiency power supplies, sub-zero cooling with liquid nitrogen, and a fully controlled environment including air humidity.. The power required is about 3KW.
However, laser-generated random numbers are not directly tied to the security of ECDSA or most other cryptographic algorithms. Random number generation is a separate component of cryptography, essential for key generation and other cryptographic operations.
For example:
https://arxiv.org/pdf/2302.06639.pdf
This paper discusses related concepts.
Current IBM Quantum systems and other publicly available quantum computers do not possess the necessary hardware (such as arithmetic circuits) for "126+ logical qubits with error correction" (e.g., "Cat Qubits").
If someone were to achieve this, three-letter agencies would immediately recognize who accomplished it and they would know exactly where those researchers are located.
