Jul 21, 2026
Bitcoin Industry Mobilizes on Quantum Computing Threat with New Cryptographic Solutions and Funding Initiatives
Project Eleven unveiled an unaudited post-quantum zero-knowledge proof prototype designed to verify Bitcoin wallet ownership after Q-Day. Separately, Galaxy launched a quantum-readiness initiative on July 21 that includes up to $5 million in developer grants and a Quantum Advisory Council. Project Eleven's announcement came around the 16th anniversary of Satoshi Nakamoto's July 2010 forum post discussing a possible cryptographic upgrade path.
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