Galaxy Digital Launches Bitcoin Quantum Security Initiative With $5M Grants
2026-07-21 20:02

Woofun AI reports that Galaxy Digital has launched the Bitcoin Quantum Preparedness Initiative, allocating up to $5 million in developer grants. The program includes research via Galaxy Research and a Quantum Advisory Council featuring experts from University of Calgary, MIT, and Boston University. Applications for post-quantum cryptography solutions are now open. The initiative addresses "Q-Day" risks where quantum computers could break elliptic curve cryptography, exposing private keys. Project Eleven estimates 6.9 million BTC are in vulnerable addresses, with threats potentially emerging by 2030.

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Tags:
Bitcoin
BTC
Barry Sanders
Damien Bérubé
Eran Tromer
Bitcoin Quantum Preparedness Initiative
Galaxy Research
Quantum Advisory Council
Project Eleven
Galaxy Digital
Coinbase
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