INSUBCONTINENT EXCLUSIVE:
Project Eleven, a development firm focused on post-quantum cryptography, raised $6 million to help secure Bitcoin and other digital assets
against future quantum computing threats.According to a Thursday announcement shared with Cointelegraph, the funding round was co-led by
leading Web3 investor Variant Fund and quantum tech investor Quantonation, among others
release, a cryptographic registry called Yellowpages, is designed to let users create a quantum-resistant proof linking their current
Bitcoin addresses to new, secure ones, without relying on onchain activity
Pruden said the registry will act as a fallback in the event that quantum computers compromise existing Bitcoin keys
Pruden said Yellowpages was audited by Cure 53 and that the company will post the audit results shortly
Project Eleven has also opened discussions with Bitcoin Core developers about potential future upgrades.The quantum threat to BitcoinAdam
threat that does not warrant dedicated resources
told Cointelegraph.US nonprofit and global policy think tank, research institute and public sector consulting firm Rand conducted an expert
survey on the subject in 2020
48-bit semiprime number, 261,980,999,226,229, on a 10-qubit computer
Last year, D-Wave used a quantum annealing computer to factor a 50-bit semiprime number using a hybrid classical and quantum search.For
context, the record on classical computers was set in 2020 on a supercomputer with about 2,700 CPU-core-years, which was able to factor a
829-bit RSA key and involved a 415-bit prime
This is equivalent to about three months on a medium HPC cluster.Magazine: Bitcoin vs
