Galaxy Digital has committed up to $5 million in grants to developers working on post-quantum cryptography for Bitcoin, while forming a quantum advisory council. This move addresses growing concerns o
Galaxy Digital recently pledged up to $5 million in grants aimed at developing quantum-resistant solutions for Bitcoin. The company has also established a Quantum Advisory Council under its Bitcoin Quantum Readiness Initiative, comprising experts like Barry Sanders and Eran Tromer from leading institutions such as the University of Calgary and Boston University.
The initiative is crucial because about 30% of Bitcoin’s supply could be at risk if cryptographically relevant quantum computers emerge. According to Glassnode analytics, this includes approximately 10% considered structurally unsafe due to output type and another 20% deemed operationally unsafe for key or address management practices.
The timeline for a practical quantum computing breakthrough remains uncertain. In November 2025, Blockstream CEO Adam Back stated that Bitcoin faces no meaningful quantum threat until at least the next 20-40 years. This aligns with NIST’s publication of three post-quantum cryptography standards in August 2024.
While some stakeholders are optimistic about ample time to prepare for potential upgrades, others like wealth management company Bernstein suggest that Bitcoin has only around three to five years before it needs a comprehensive security overhaul. The recent proposal by Blockstream Research for a hash-based signature scheme as a promising path is part of this ongoing effort.
This move by Galaxy Digital underscores the increasing importance of quantum-resistant technology in protecting cryptocurrencies, especially given their rising value and critical role in financial markets. Traders should monitor developments closely to anticipate potential shifts in security measures and market dynamics.
Going forward, traders should keep an eye on how these initiatives evolve and impact Bitcoin’s overall cybersecurity landscape. The success or failure of the proposed solutions could significantly influence investor confidence and trading strategies.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.