Galaxy Digital sets up a $5 million fund to address quantum security risks for Bitcoin

PANews July 22 news, citing CoinDesk, Galaxy Digital announced the establishment of a $5 million fund, aiming to enhance Bitcoin’s security under the threat of quantum computing. The fund will focus on supporting the development of new signature schemes, the creation of wallet migration tools, and security audits, among other projects, striving to complete the necessary infrastructure upgrades before any real quantum attacks occur.
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