BlackRock, Coinbase, Strategy in a new group pledging $15 million to prepare Bitcoin for quantum threats

CoinDesk·

BlackRock, Coinbase, Strategy in a new group pledging $15 million to prepare Bitcoin for quantum threats

60-second summary

BlackRock and Coinbase are joining a new group pledging $15 million to prepare Bitcoin for potential quantum threats, with each member directing funding independently. The consortium will not influence Bitcoin governance or protocol decisions. This investment aims to strengthen Bitcoin's resilience against emerging quantum computing risks, potentially safeguarding the cryptocurrency's long-term security and stability.

Members will direct funding independently, with the consortium taking no role in Bitcoin governance or protocol decisions.