Nine Crypto Firms Form Quantum Alliance to Address Future Bitcoin Risks
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A new alliance of nine crypto companies aims to prepare for quantum attacks, amid warnings that 6.4 million bitcoin could eventually be at risk.
Nine cryptocurrency companies have established the Quantum Alliance to coordinate preparations for potential attacks using quantum computing, according to CoinDesk.
The initiative comes amid warnings that 6.4 million bitcoin could face a future quantum-related threat. The concern centers on risks that may emerge as the technology develops, rather than an attack reported in the announcement.
Despite their shared focus, alliance members differ on when the danger could materialize. They also disagree over whether bitcoin considered vulnerable should be frozen.
Source: CoinDesk
