News list for " encryption algorithm"
Adi Shamir, co-inventor of the RSA cryptographic algorithm and a Turing Award winner, said at the RSA security conference in San Francisco that "the world would be better off without cryptocurrencies". He pointed out that despite the lofty ideals set forth in the Bitcoin white paper, cryptocurrencies are currently highly concentrated in a few large exchanges, mainly used for speculation rather than payment, and facilitate the spread of malicious software.
On April 17, Project Eleven, a quantum computing research firm, offered 1 bitcoin for its inaugural "Q-Day Prize" (a global award that will be given to the team that cracked the elliptic curve encryption (ECC) key on a quantum computer for the first time in a year using Shore's algorithm. As Project Eleven pointed out, Bitcoin uses the Elliptic Curve Digital Signature Algorithm (ECDSA) for transaction signing; quantum computers use Shore's algorithm, which can theoretically be derived from publi...
