Open Source · Coinbase · Strategy · Bitcoin · Ark Invest · CoinDesk
Galaxy this week launched a separate $5 million initiative for quantum-resistant signatures
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Quantum computers capable of breaking Bitcoin’s cryptography do not currently exist.
Key facts
- A total of nine companies have formed a consortium pledging a combined $15 million over three years to support Bitcoin’s security research and open-source development
- The $15 million will not be held or allocated by the consortium; instead, members will choose which developers, researchers or organizations it funds
- Galaxy this week launched a separate $5 million initiative for quantum-resistant signatures, wallet migration tools and security audits
- Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows
Summary
Nine firms pledged $15 million over 3 years to fund Bitcoin security research and open-source development. Members will direct funding independently, with the consortium taking no role in Bitcoin governance or protocol decisions. The group will support post-quantum research as developers explore protections against future advances in quantum computing. A total of nine companies have formed a consortium pledging a combined $15 million over three years to support Bitcoin’s security research and open-source development. Companies in the newly formed Bitcoin Security Consortium include major crypto market participants, including BlackRock, Coinbase, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets and Galaxy.