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Galaxy Digital's new fund directly addresses the existential threat quantum computing poses to current Bitcoin cryptographic standards by financing research into post-quantum signature schemes and wallet migration tools. This initiative is critical for the AI/Quantum community as it accelerates the industry-wide transition away from vulnerable elliptic curve cryptography before large-scale, fault-tolerant quantum computers become a reality. The move underscores that while immediate attacks are not feasible, proactive infrastructure development is essential to protect billions of dollars in digital assets over the coming decade.
Sources coveringGDELT, sofokleous10.gr
What this isA model's reading of the article and related coverage, written for aiqbench. Not the publisher's words.

Crypto giant Galaxy sets up $5 million fund to future - proof Bitcoin security

GDELT2 min read

Jul 21, 2026, 4:16 p.m. Quantum computing represents a potential threat to the Bitcoin and Ethereum networks, researchers said recently. (Vishal Bansal/Unsplash) Galaxy Digital set up a $5 million Bitcoin Quantum Readiness Initiative to fund developers working on defenses against future quantum-computing threats. The program will support work…

Excerpt shown under the publisher's RSS terms · 48 words · full text and figures are on the publisher's site

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