Blockchain Encryption: Naoris Unveils a Daring $120K Challenge to Test Its Unbreakable Security

Key Points

1. Naoris offers a $120,000 bounty to test the robustness of blockchain encryption algorithms, with $50,000 for cracking secp256k1 and $30,000 for Ed25519.

2. Secp256k1 is foundational for Bitcoin and Ethereum security, while Ed25519 is used by Solana and encrypted messaging apps.

3. The program aims to identify vulnerabilities and strengthen encryption standards, particularly in anticipation of quantum computing threats.

4. Naoris specializes in quantum-resistant security, highlighting the need for future-proof blockchain encryption.

5. The initiative invites ethical hackers and cryptographers globally to stress-test these algorithms, ensuring long-term security for decentralized systems.