Bitcoin Quantum Security: BlackRock, Strategy and Coinbase Back $15M Industry Fund
TLDR
- Strategy, BlackRock, Coinbase and six others launched the Bitcoin Security Consortium with a $15 million, three-year funding pledge.
- The group’s first focus is post-quantum cryptography to protect Bitcoin against future quantum computing threats.
- Each member directs its own capital independently — there is no central grant committee.
- Brink Executive Director Mike Schmidt will coordinate the consortium’s day-to-day work on a volunteer basis.
- Quantum computers capable of breaking Bitcoin’s encryption do not yet exist, but estimates suggest “Q-Day” could arrive as early as 2030.
Nine of the biggest names in Bitcoin have joined forces to fund long-term security research for the network. Strategy, BlackRock, Coinbase, Galaxy, Fidelity Digital Assets, Anchorage Digital, ARK Invest, Block, and Blockstream announced the Bitcoin Security Consortium on July 23.
LATEST: 💰 BlackRock, Coinbase, Strategy and six other firms have pledged $15M over three years to strengthen Bitcoin’s security, including defenses against future quantum computing threats. pic.twitter.com/7el1VmafFe
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
