Global Stock News

Crypto Firms Launch Quantum Alliance as 6 Million Bitcoin Sit Exposed

Crypto Firms Launch Quantum Alliance as 6 Million Bitcoin Sit Exposed

In brief

  • Nine blockchain organizations launched the Quantum Alliance, an open standards body to define what “quantum-ready” means and create a common way to test and verify quantum-resistance claims across networks, wallets and infrastructure.
  • The group warns that elliptic-curve signatures leave roughly 6.04 million BTC (~30% of supply) quantum-exposed, citing forecasts pointing toward the late 2020s.
  • Modeled on the IETF, it will work in four groups—migration, zero-knowledge systems, wallet security and cross-chain compatibility.

A group of crypto companies is trying to settle one of the industry’s murkiest questions: what it actually means for a blockchain network to be safe from quantum computers.

Executives from nine…

Source link

Share this article

Scroll to Top