The participants must use a combination of algorithms and mathematics to decipher the key. The firm Phemex promises a bonus for all the people on the re-tweet chain that guide the winner.
It was announced that the new cryptocurrency derivatives platform Phemex will give a prize in Bitcoin for solving a puzzle that it created. This image includes a hidden private key of a Bitcoin address in which 2.1 BTC (approximately USD 18,000) has been deposited that will be the reward of whoever manages to solve the mystery.
To break the code, the participants will have to use a combination of algorithms and mathematics and, once solved, they will be able to transfer the funds to their address.
The puzzle was attached in a tweet posted on January 16th by the team behind the company. It should be noted that the image is a maze-like portrait of Dorian Satoshi Nakamoto, a Japanese-American resident of Los Angeles bearing the same name as the pseudonymous creator of Bitcoin, who denies having anything to do with the leading cryptocurrency.
At first glance, the participants can see that the portrait has clues like the words BTC, ETH, XRP, and Phemex all scribbled together, which could help them to unveil the secret. Another clue refers to the prime numbers of the 21-digit mathematical constant “e”: Euler’s number.
It is important to mention that the Euler number is a fixed real number with an important place in mathematics, natural sciences, and engineering. The number “e” in question is irrational and its exact value cannot be written using a finite number. Its approximate value is 2.718281828453602874713526624977.
The company explains that, once a participant finds the private key hidden in the image, he or she can transfer a portion of the prize (1.1 BTC) to the address or public key of his or her wallet. Another BTC will be deposited in the winner’s Phemex account once he or she proves having solved the mystery.
The firm also promises a USD 100 bonus to all the people on the re-tweet chain that guide the winner of the challenge. The publication recommends that the participants tag the smartest person that they know if they cannot solve the puzzle.
The platform clarifies that the purpose of the strategy, besides that of advertising, is to highlight the importance of keeping a private key secure. It shows how simple it can be to get bitcoins once the private key of an address, where the funds are stored, is discovered.
This is not the first time in the cryptocurrency ecosystem that Bitcoin awards have been hidden in images and artwork. In January 2019, it was reported that someone had solved the Bitcoin puzzle hidden in a street mural in Paris, whose creator was Pascal Boyart.
In 2018, an anonymous bitcoiner presented a cryptogram with an image hiding the private keys to 310 BTC, as a reward for anyone that managed to solve the riddle, which occurred in just 8 days. There are also sites like Pineapple Arcade that spread knowledge about cryptocurrencies through games, with incentives in crypto assets.
By Alexander Salazar