Crypto Firms Launch Quantum Alliance as 6 Million Bitcoin Sit Exposed
60-second summary
Crypto firms form a nine‑member Quantum Alliance, modeled on the IETF, to develop open standards for testing quantum‑resistance claims as experts forecast the first practical quantum attack on Bitcoin by the late 2020s. The group’s work aims to safeguard the 6 million Bitcoin currently exposed, prompting industry investors to prioritize quantum‑proof security solutions across the sector.
The nine-member group, modeled on the Internet Engineering Task Force, aims to set open standards for testing quantum-resistance claims as forecasts place the first practical attack in the late 2020s.