A cyber protection focusing on the protection of digital assets from quantum computing hazards, offering rewards to anyone, who can break the algorithm that secures any person that can protect the network.
In an announcement shared with Cintelegraph on Thursday, NAORIS stated that it has a $ 120,000 seat equivalent to almost a bitcoin (BTC) Cryptographic algorithm used in the Crypto industry.
The greatest reward, $ 50,000, is for someone who can break SECP256k1, cryptographic standard that reduces bitcoin, atherium and many other protocols. A reward of $ 30,000 is available for breaking the ED25519, which is used by Solana, as well as encrypted messaging services such as signal and WhatsApp.
The NAORIS NIT is offering $ 20,000 for a successful attack on Nist P-256, the elliptical curve used in the Transport Layer Security (TLS) protocol, which protects the Internet traffic. Another $ 10,000 is kept separate to break other elliptical decrease including P -22, P -384 and P -521.
What will be the hepan if the cryptography is broken?
The bounty is set to break the elliptical curve parameters, which are values or sets of values that define a specific egg curve used in cryptography, determining the ignorance of the respective and cryptographic system.
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The modern world will heavy reels on cryptography, and the consequences of its agreement will be serious and distant.
If the SECP256K1 is compromised, bitcoin and many other blockchain, lightating networks, many atherium layer -2 protocols and others will be broken. Current estimates show that it is 10 billion trillion years using today’s GPU technology by breaking this algorithm.
A successful attack on ED25519 is a threat to safe server access, disintegration GIT version control systems and pormations of DONs
The Nist P-224 is expected to be depressed after 2030 in the Legacy system, such as the old smartcard, and by the US National Institute of Standards and Technology. It is about 30,000 times easier than 256-bit curves such as SECP256K1.
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The quantum sword of the democls hangs above the head of the bitcoin
While quantum computers are never likely to break modern cryptography soon, many experts believe it is a fragmentation when it is when it is. As a result, the Crypto community has started preparations, despite quantum computers requiring tens of tens of qualities to break those systems.
Bitcoin, in particular, is taking it first. This month was introduced this month by a new bitcoin impression proposal (BIP) to deal with the threat generated by the quantum computer by phasing the heritage signature plans of bitcoin.
The proposal states, “A successful quantum attack on bitcoin will lead to significant economic disruption and damage in the entire ecosystem.” “Beyond its impact on the price, the ability of miners to provide network protection can be greatly affected.”
Bitcoin quoted by Satoshi Nakamoto in the white paper, submerging a mid -April interview with the coinlagraph, Early Cyperpank Adam Back, suggests that quantum computing pressure blockchain can reveal the blockchain pseudo -manufacturer.
He explained that the quantum computing acquisition of bitcoin hold by Satoshi Nakamoto is unsafe to the theft, tremendous to move it to preserve it.
Researchers are also looking for more blockchain-economic solutions. Earlier this week, SUI Research introduced a cryptographic framework, which can calculate the Protect Quantum to several blockchain without the need for hard form, addres Congress or Key updates.
Nevertheless, the special solution that claims compatibility with all Eddsa-based blockchain, this requirement excludes bitcoin and atherium. Sui, Solana, near and Sangat blockchain including the universe.
https://www.youtube.com/watch?v=rtdyrl1uami
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