July 31, 2025 – Wilmington, Delaware
Naoris Protocol launches $120,000 bounty program to test elliptic curve cryptography resilience.
Naoris Protocol, the post-quantum infrastructure pioneer, today announced a $120,000 (one BTC at time of announcement) bounty program challenging cryptographers worldwide to break the elliptic curve algorithms that currently secure the global digital economy from Bitcoin’s $2.4 trillion market to the $410 trillion banking system.
The challenge draws attention to concerns about the long-term resilience of current cryptographic standards, which experts believe could be compromised by advances in quantum computing over the next two decades.
Bounty structure
- $50,000 for breaking secp256k1 (Bitcoin and Ethereum)
- $30,000 for breaking Ed25519 (Signal, WhatsApp, Solana)
- $20,000 for breaking NIST P-256 (TLS/SSL, internet security)
- $10,000 for other major curves (P-224, P-384, P-521)
David Carvalho, CEO of Naoris Protocol, said,
“This isn’t about attacking cryptocurrency, it’s about defending it. These curves are mathematical masterpieces that have protected global commerce for decades.
“But quantum computing will render them obsolete. We’re building the quantum-safe infrastructure the world needs before that day arrives.”
What’s at stake
Elliptic curve cryptography is a foundational element in securing a wide range of digital systems, including financial services, blockchain networks, intellectual property protection and secure communications.
It is widely used in the following ways.
- Global banking and asset management systems
- Cryptocurrency networks such as Bitcoin and Ethereum
- Encrypted messaging platforms and secure web protocols (TLS/SSL)
- Government and defense communications
- As these cryptographic standards face potential future threats from quantum computing, testing their resilience has become a growing focus for both public and private sector stakeholders.
The challenge
Participants must demonstrate the ability to recover a full private key from a public key using mathematical cryptanalysis.
Implementation flaws, side-channel attacks or weak random number generators don’t qualify this is about breaking the math itself.
Submissions can be made at BountyForm.
Carvalho warned,
“When quantum computers achieve this in the next decade or two, it won’t be a drill. That’s why forward-thinking enterprises and governments are transitioning to post-quantum cryptography now.”
Racing against time
Current quantum computers have approximately 1,000 physical qubits. Breaking 256-bit elliptic curve cryptography requires an estimated 2,330 logical qubits.
Although that gap may seem large, quantum computing is advancing at an exponential rate.
Carvalho noted,
“The NSA announced in 2015 they’re transitioning to quantum-resistant cryptography. When the world’s premier cryptographic authority moves, smart organizations follow.”
About Naoris Protocol
Naoris Protocol is building enterprise-grade, quantum-resistant blockchain infrastructure using lattice-based cryptography that withstands both classical and quantum attacks.
The company serves Fortune 500 enterprises and government agencies, preparing for the post-quantum era.
Users can submit entries at the BountyForm.
Contact
Babs Labs, press office
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