The cryptocurrency financial services firm is investing in developers to enhance the blockchain's security before quantum computers can potentially exploit it.
By Olivier Acuna|Edited by Sheldon Reback Jul 21, 2026, 4:16 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Experts have recently noted that quantum computing could pose significant risks to the Bitcoin and Ethereum networks. (Vishal Bansal/Unsplash)SummaryShow- Galaxy Digital has initiated a $5 million Bitcoin Quantum Readiness Initiative aimed at funding developers focused on countering future quantum-computing threats.
- This initiative will support the development of quantum-resistant signature algorithms, tools for wallet migration, and security assessments, while also seeking additional contributions from other companies to expedite the adoption of new cryptographic standards.
- Although specialists assert that quantum computers are not yet capable of breaching Bitcoin's security, they caution that the process of upgrading could take years, with approximately 6.9 million bitcoins—valued at around $461 billion at current market rates—potentially at risk should this technology progress.
Galaxy Digital (GLXY) has announced a $5 million initiative to assist Bitcoin developers in fortifying the network against potential threats from quantum computing.
According to the firm, it will start accepting applications for the Galaxy Bitcoin Quantum Readiness Initiative right away, providing grants that will focus on creating quantum-resistant signature schemes, wallet migration tools, and conducting security audits. Galaxy Digital aims to attract additional funding and research support from other firms to hasten the transition to quantum-resistant cryptography.
Currently, Bitcoin relies on cryptographic methods that existing computers find challenging to breach. While quantum computing technology is not yet advanced enough to compromise the blockchain, growing advancements in the field have prompted both governmental and industrial efforts to adopt quantum-resistant standards before a threat materializes.
Should quantum computers eventually develop the capability to undermine Bitcoin's cryptographic protections, approximately 6.9 million bitcoins BTC$66,527.56 could be at risk of being stolen, as per research from CryptoQuant. At the current bitcoin price of around $66,800, this translates to roughly $461 billion.
While experts consensus indicates that an immediate threat does not exist, there is a strong belief that preparations should commence now, as reaching agreement and implementing protocol updates could take years. The anticipated transition to post-quantum cryptography for Bitcoin is expected to be significantly more complicated than previous upgrades like Taproot, necessitating coordination among developers, wallets, exchanges, and users.
Recently, President Donald Trump signed two executive orders directing the U.S. to develop a large-scale quantum computer while also reinforcing federal systems against potential quantum threats. The U.S. Commerce Department issued letters of intent to allocate over $2 billion to nine quantum computing firms working on machines that could potentially break the cryptographic security of Bitcoin, Ethereum, and the internet at large.
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TRON Network - Q2 2026
TRON Network - Q2 2026
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
By CoinDesk Research4 hours agoCommissioned byTronIn Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
Why it matters:
In Q2; TRON's stablecoin dominance rose to 28.7%, USDT supply on TRON hit $89B ATH, $89M in protocol fees (2nd to Hyperliquid), TRX +3%, and deepening institutional & agentic reach.
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