Quantum Quibbles: Is Bitcoin’s Crown Truly in Jeopardy?
The prize, it seems, was for the cracking of a 15-bit ECC key using a cloud-based quantum computer. How very modern, though one might question the grandeur of the accomplishment. Project Eleven, with a flourish, proclaimed that Lelli employed a modified version of Shor’s algorithm. They also boasted of their rapid progress, moving from 6-bit keys to 15-bit keys in a mere seven months. Progress, indeed, but one wonders if it is progress worth the ink-or the BTC.


