BlackRock, Coinbase, and Strategy Back $15M Bitcoin Quantum Security Push
- Nine financial and Bitcoin companies pledged $15 million for security research and open-source development.
- Members will direct their contributions independently rather than placing funds under consortium control.
- Post-quantum cryptography forms the consortium’s first focus as developers assess future wallet risks.
BlackRock, Coinbase, and Strategy have joined six other companies in a coordinated effort to support Bitcoin’s long-term security. Members pledged a combined $15 million over three years for developer funding, research, and public education.
Quantum computing forms an early focus, although machines capable of breaking Bitcoin’s cryptography do not currently exist. Developers still face a lengthy process involving research, testing, and adoption across wallets, exchanges, miners, and users.
Nine Firms Join the Security Consortium
Founding mem…
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