Galaxy sets up $5 million fund to help shield Bitcoin against quantum computing threats
The crypto financial services firm is funding developers to strengthen the blockchain's security before quantum computers become powerful enough to steal billions in crypto.
AI Summary
Galaxy Digital launched a $5 million Bitcoin Quantum Readiness Initiative to fund developers working on defenses against future quantum-computing threats. The program will support quantum-resistant signature schemes, wallet migration tools, and security audits, while seeking additional backing from other firms. Experts warn that up to 6.9 million bitcoin could be at risk if quantum computing advances before protections are in place.