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Galaxy Digital Launches $5M Bitcoin Quantum Readiness Initiative on July 22

2026-07-22 06:21:26

GLXY-1.77%

BTC-0.15%

According to BlockBeats, Galaxy Digital announced the establishment of a $5 million Bitcoin Quantum Readiness Initiative on July 22 to fund developers researching solutions against future quantum computing threats. The program opens for applications immediately, with funding directed toward quantum-resistant signature algorithms, wallet migration tools, and security audits.

According to CryptoQuant data, approximately 6.9 million BTC (worth about $461 billion at current prices) could face theft risk if quantum computers gain the ability to break Bitcoin's current encryption algorithms.

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Ethan Brooks22h ago

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