Naoris, a cybersecurity company focused on the safeguarding of digital assets of quantum computer threats, offers bonuses to all those who can break the encryption algorithms that guarantee the main blockchain networks.
In a shared announcement with Cointtelegraph on Thursday, Noris said he had a bonus of $ 120,000 – equivalent to approximately a bitcoin (BTC) – to successfully compromise key cryptographic algorithms used in the cryptographic industry.
The largest bonus, $ 50,000, concerns all those who can break SCP256K1, the cryptographic standard that underlies Bitcoin, Ethereum and many other protocols. A reward of $ 30,000 is available for the rupture of the ED25519, which is used by Solana, as well as encrypted messaging services as a signal and WhatsApp.
Naoris also offers $ 20,000 for a successful attack on the NIST P-256, the elliptical curve used in the safety layer safety protocol (TLS), which secures Internet traffic. Additional $ 10,000 is reserved for the breakdown of other elliptical curves, including P-224, P-384 and P-521.
What would happen if cryptography broke?
The premiums are defined to break elliptical curve parameters, which are values or values sets that define a specific elliptical curve used in cryptography, thus determining the safety and functionality of the cryptographic system.
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The modern world is strongly based on cryptography, and the consequences of its compromise would be disastrous and large -scale.
If SECP256K1 was compromised, Bitcoin and several other blockchains, the Lightning network, many protocols Ethereum Layer-2 and others would break. Current estimates suggest that the rupture of this algorithm would require around 10 billion billion years using today’s GPU technology.
A successful attack on ED255119 would compromise the OpenSSH protocol used for access to the secure server, would disrupt Git version control systems and threaten parts of the DNS security layer.
The NIST P-224 is mainly used in inherited systems, such as old Smart cards, and should be depreciated after 2030 by the US National Institute of Standards and Technology. It is about 30,000 times easier to break than 256 -bit curves such as SECP256K1.
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The quantum sword of damocles is suspended above the Bitcoin head
Although quantum computers are unlikely to break the modern cryptography as soon as it is, many experts think that it is a question of when rather than if. Consequently, despite the estimate of quantum computers who need tens of millions of qubits to break these systems, the cryptographic community has started to prepare.
Bitcoin, in particular, takes its first steps. A new proposal to improve Bitcoin (BIP) presented this month aims to combat the threat posed by quantum computers by removing the signature patterns inherited from Bitcoin.
“A successful quantum attack on bitcoin would cause economic disruption and significant damage throughout the ecosystem,” said the proposal. “Beyond its impact on the price, the ability of minors to ensure network safety can be considerably affected.”
During an interview in mid-April with Cointelegraph, the first cypherpunk Adam Back, quoted by Satoshi Nakamoto in the White Bitcoin Paper, suggested that the quantum calculation pressure could reveal if the pseudonym Creator of the Blockchain is alive.
He explained that quantum computer science could make bitcoin owned by Satoshi Nakamoto vulnerable to be stolen, forcing him to move him to preserve him.
Researchers are also looking for more blockchain agnostic solutions. Earlier this week, SUP Research introduced a cryptographic framework which could ensure protection against quantum computer threats for several blockchains without requiring difficult forks, addressing modifications or key updates.
However, although this particular solution has compatibility with all the Blockchains based on EDDSA, this requirement excludes Bitcoin and Ethereum. Compatible blockchains include sui, Solana, near and cosmos.
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