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Researcher Named Giancarlo Lelli has successfully cracked the elliptic curve cryptography key (ECC) 15-bit using a quantum computer. This challenge was undertaken by the quantum computing research organization Q-Day Prize Project Eleven, which managed to obtain 1 Bitcoin (BTC).
However, it should be noted that Bitcoin uses a 256-bit ECC key, meaning the researchers' achievement of cracking a 15-bit Bitcoin is not a major security incident. But, this serves as an early benchmark for the hardware position related to elliptic curve issues.
Additionally, this serves as an early warning for the crypto industry. CEO of Project Eleven, Alex Pruden, said that all blockchains using ECC face similar risks with assets vulnerable to quantum computing.
For your information, the first public demonstration was conducted by Steve Tippeconnic last September, cracking a 6-bit key on quantum hardware.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
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This week from position 4830 dropped to 4650, a range of 180 points
All are collaborative, switching, balancing between ideas and decisions, this type of mindset does not need to be reviewed again, just a quick glance is enough to see the overall picture