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Strategy and BlackRock help form $15 million Bitcoin security consortium

The nine-firm consortium is setting aside $15 million to support research into post-quantum cryptography, aimed at reducing future quantum computing risks to Bitcoin security.

Reported · Written up by our desk · Market Structure

Nine firms, including Strategy and BlackRock, have formed a Bitcoin security consortium designed to address the potential threat from quantum computing.

According to The Block, the group has committed $15 million to fund post-quantum cryptography research.

The effort is focused on preparing for changes in cryptographic security needs as advances in quantum computing progress.

The consortium includes nine firms in total, with Strategy and BlackRock among the participants.

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