Galaxy launches Bitcoin quantum security initiative, aimed at protecting Bitcoin against potential threats.

According to official announcements, Galaxy today launched the "Bitcoin Quantum Security Initiative"—a multi-faceted program aimed at helping Bitcoin mitigate potential threats from advancing quantum computing. The initiative consists of three core components: providing developer grants of up to $5 million to support R&D of post-quantum cryptography solutions for Bitcoin; establishing a dedicated research and publication program through Galaxy Research to advance quantum security-related studies; and forming a Quantum Advisory Board, which will bring together top experts in quantum computing and post-quantum cryptography to guide Bitcoin’s quantum security efforts. Bitcoin’s current security relies on elliptic curve cryptography. Theoretically, this cryptographic system could be compromised once a sufficiently powerful quantum computer is developed. While no quantum computer capable of cracking modern cryptography exists globally today, industry forecasts suggest the timeline for achieving this breakthrough is accelerating. The U.S. National Institute of Standards and Technology (NIST) officially released its first batch of post-quantum cryptography standards in 2024. Furthermore, a recent U.S. executive order requires the federal government to complete deployment of quantum attack protection for traditional cryptographic systems by 2031, further highlighting the urgency of quantum security concerns.