Source: Decrypt ↗
BlackRock, Coinbase and Strategy Pledge $15M to Quantum-Proof Bitcoin
What the source reports
Nine of the biggest institutional names in Bitcoin formed a consortium to fund the developers working to keep the network secure—including from future quantum computers.
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Open news desk →$460 billion Bitcoin risk draws BlackRock, Coinbase and Strategy into $15M quantum defense mission
BlackRock, Coinbase and Strategy are backing a $15 million effort to prepare Bitcoin against future quantum-computing attacks. The companies are among nine founding members of the Bitcoin Security Consortium, announced July 23 to support developers and researchers working on the network’s long-term security. The consortium also includes Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity D...
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Strategy-led group pledges $15M to quantum-proof Bitcoin network
A consortium led by Strategy and BlackRock has pledged $15 million to secure the Bitcoin network from the threat of a quantum computing breakthrough.