CryptoMedium

Bitcoin Security Consortium launched to tackle quantum risk

Nine major firms pledged $15M over three years to fund Bitcoin quantum-risk work, as Blockstream and BlackRock discussed the threat in New York.

A computer processor held by black tweezers
A computer processor held by black tweezers. Photo: Brian Kostiuk, via Unsplash
$15MPledged by nine firms over three years

Not yet known

  • Which nine firms have pledged $15M to the Bitcoin Security Consortium
  • Whether the BIP54 update will ship in Bitcoin Core v33

What we know

A panel moderator said the Bitcoin Security Consortium launched with nine firms pledging $15M. Blockstream's CEO stressed cold custody with air gaps. Blockstream also announced an enterprise custody product with Thales, and a BIP54 update for Bitcoin Core may ship in v33.

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What people are posting

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@fintechfrank

“launch of the Bitcoin Security Consortium, with nine major firms pledging $15M over three years”

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@adam3us

“enterprise custody solution, developed in collaboration with Thales”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.