BlackRock, Coinbase Pledge $15M for Quantum-Resistant Bitcoin

A group of financial and crypto industry heavyweights has pledged $15 million to prepare Bitcoin for potential quantum threats.

The initiative, which includes investment giant BlackRock and cryptocurrency exchange Coinbase, aims to enhance the security of the Bitcoin network against future quantum computing attacks.

According to a report from CoinDesk, this move comes as part of a broader effort to ensure the long-term resilience of blockchain technology.