Quantum Resistance Crisis: Naoris Offers $120K Bounty to Secure Blockchain Against Quantum Threats
In a bold move to safeguard the future of blockchain, Naoris Protocol has announced a $120,000 bounty program to test the quantum resistance of elliptic curve cryptography. This initiative highlights the urgent need to address vulnerabilities before quantum computing becomes a reality.
Why Quantum Resistance Matters for Blockchain Security
Quantum computing poses an existential threat to current cryptographic standards. Here’s why this bounty program is critical:
- secp256k1 – Used by Bitcoin and Ethereum ($50,000 bounty)
- Ed25519 – Popular in altcoins ($30,000 bounty)
- NIST P-256 – Government standard ($20,000 bounty)
The Race Against Quantum Computing
Experts estimate that quantum computers capable of breaking 256-bit encryption could emerge within 10-20 years. Naoris CEO David Carvalho warns: “When quantum computers achieve this, it won’t be a drill.”
Naoris Protocol’s Quantum-Resistant Vision
The company is developing lattice-based cryptography solutions for:
- Enterprise blockchain systems
- Government infrastructure
- Financial networks
Post-Quantum Security: The Next Frontier
This initiative mirrors global efforts by organizations like NSA to transition to quantum-resistant algorithms before it’s too late.
FAQs
What is elliptic curve cryptography?
The mathematical foundation securing most blockchain networks and digital systems today.
How soon could quantum computers break current encryption?
Estimates suggest 10-20 years before quantum computers reach the necessary 2,330 logical qubits.
Why is Naoris offering this bounty?
To proactively identify vulnerabilities and accelerate adoption of quantum-resistant solutions.
What happens if someone claims the bounty?
Successful claims will demonstrate vulnerabilities, prompting faster industry transition to post-quantum cryptography.
