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.
Make preferred on
Share this article
Summary
- Galaxy Digital set up a $5 million Bitcoin Quantum Readiness Initiative to fund developers working on defenses against future quantum-computing threats.
- The program will support work on quantum-resistant signature schemes, wallet migration tools and security audits, and seeks additional backing from other firms to speed adoption of new cryptographic standards.
- Although experts say quantum computers cannot yet break Bitcoin, researchers warn that preparing upgrades could take years, with as much as 6.9 million bitcoin — worth about $461 billion at current prices — potentially at risk if the technology advances.
Related Assets
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
In Q2; TRON’s stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
In Q2; TRON’s stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Why it matters:
In Q2; TRON’s stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
