Wall Street Giants Fund Quantum-Proofing of Bitcoin Amid CLARITY Act Deadline Looms
Wall Street giants have joined forces to fund a $15 million push to quantum-proof Bitcoin, just as the CLARITY Act nears its do-or-die deadline.
The move is seen as a bid to protect the leading cryptocurrency from potential vulnerabilities that could arise from the development of quantum computers.
The funds will be used to support research and development in post-quantum cryptography, with a focus on making Bitcoin more resistant to attacks from advanced computational powers.