Galaxy pledges $5M in grants to developers quantum-proofing Bitcoin

Galaxy pledges $5M in grants to developers quantum-proofing Bitcoin

Galaxy Digital is offering up to $5 million in grants for developers working on making Bitcoin resistant to quantum computing attacks, and has formed a council of quantum experts to guide the effort.

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Galaxy Digital has announced a grant program of up to $5 million aimed at developers focused on making Bitcoin resistant to quantum computing threats. The initiative includes the formation of a council of quantum-advisory experts to guide research into quantum-resistant migration solutions. This move underscores growing concerns within the crypto industry about the potential impact of quantum computing on blockchain security. The grants are intended to support innovation in cryptographic upgrades that could protect Bitcoin from future quantum attacks. Galaxy's effort highlights the proactive steps being taken to address long-term technological risks in the cryptocurrency space.

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