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Naoris Launches $120,000 Bounty to Test Elliptic Curve Quantum Resistance - AInvest

Retrieved on: 2025-07-31 23:45:51

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Summary

Naoris Protocol launches a $120,000 bounty program challenging cryptographers to break elliptic curve cryptography standards that protect Bitcoin, banking networks, and digital infrastructure.

The initiative targets key algorithms including secp256k1, Ed25519, and NIST P-256, offering rewards up to $50,000 for successful breaks. As quantum computing advances toward the estimated 2,330 logical qubits needed to crack 256-bit encryption within the next decade, the program aims to identify vulnerabilities before they can be exploited. Naoris CEO David Carvalho emphasizes this isn't an attack on blockchain but a necessary step toward quantum-resistant security solutions.

  • Bounty rewards range from $10,000 to $50,000 for breaking different elliptic curve standards
  • Current quantum computers need significant advancement to threaten 256-bit encryption within 10-20 years
  • The program aligns with government transitions to quantum-resistant algorithms and post-quantum security preparation
  • Naoris develops lattice-based cryptography solutions for enterprises and government agencies

Article found on: www.ainvest.com

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