Bitcoin Security Consortium
Coverage of Bitcoin Security Consortium in the Nexus archive.
- BlackRock Says Crypto Can Outrun the Quantum Threat — If It Moves Fast Enough
BlackRock, the world’s largest asset manager, argues that upgrading cryptocurrencies to quantum-resistant standards is technically feasible and easier than building quantum computers capable of breaking current cryptography. The firm highlights challenges in coordination for decentralized networks like Bitcoin but supports efforts like the Bitcoin Security Consortium to fund open-source development for quantum-resistant solutions.
- Coinbase Builds Post-Quantum Custody System, Funds Bitcoin’s Crypto Upgrade
Coinbase is developing a post-quantum custody system to prepare for potential future threats from quantum computers breaking Bitcoin's cryptography. The company has formed an advisory board and joined the Bitcoin Security Consortium to advance quantum-safe blockchain upgrades.
- Strategy, BlackRock form Bitcoin Security Consortium to prepare for quantum computing threat
Nine firms including Strategy and BlackRock formed a $15 million Bitcoin security consortium to fund post-quantum cryptography research. The initiative aims to address potential threats from quantum computing to Bitcoin's security.
- BlackRock, Coinbase, Strategy Among Nine Firms Launching the Bitcoin Security Consortium, Pledging $15 Million To BTC Security Development
Nine institutional Bitcoin firms, including BlackRock, Coinbase, and Fidelity Digital Assets, launched the Bitcoin Security Consortium, pledging $15 million over three years to fund Bitcoin's long-term security, including quantum computing preparedness. The consortium, led by Mike Schmidt of Brink, supports developers and researchers without directing protocol changes or speaking for Bitcoin's decentralized community.