In brief – Galaxy Digital launched a Bitcoin Quantum Readiness Initiative built on three pillars: up to $5 million in developer grants for post-quantum solutions, a research program through Galaxy Research, and a Quantum Advisory Council of academic experts. – The effort targets…
Day,” when a quantum computer could use Shor’s algorithm to forge Bitcoin signatures and drain vulnerable wallets. – Momentum is building industry-wide: Project Eleven projects a cryptographically relevant quantum computer by 2030-2033, Coinbase’s advisory council is urging developers to start migration work now, and Trump signed executive orders moving the federal post-quantum deadline to December 2031. Galaxy Digital on Tuesday launched a Bitcoin Quantum Readiness Initiative, pledging up to $5 million in developer grants, a research program, and a new advisory council to help harden the network against the eventual arrival of powerful quantum computers
The Nasdaq-listed firm said the multi-pillar effort will fund work on post-quantum cryptographic solutions, publish analysis through Galaxy Research, and convene a Quantum Advisory Council whose inaugural members include University of Calgary professor Barry Sanders, MIT Sea Grant Knauss Fellow Damien Bérubé, and Boston University computer science professor Eran Tromer. Galaxy said it expects to begin accepting grant applications immediately. “As leaders in the digital assets space, we believe it’s important that we help be part of the solution to any potential threat quantum computing poses to Bitcoin,” said Mike Novogratz, founder and CEO of Galaxy. The initiative targets what researchers call “Q-Day,” the point at which a quantum machine could break the elliptic curve cryptography securing Bitcoin.
Using Shor’s algorithm, an attacker could derive a private key from an exposed public key, forge a signature and drain a wallet, with nothing on-chain flagging the transaction as fraudulent. Old and reused addresses are most at risk….