Bitcoin Security Consortium forms with $15M to boost network security against future quantum threats

BlackRock, Fidelity Digital Assets, Coinbase, Strategy, and others have launched the Bitcoin Security Consortium, committing $15 million over three years to enhance Bitcoin's long-term security. The consortium will fund developers and researchers focusing on Bitcoin security, especially preparing for potential quantum computing risks. It aims to keep Bitcoin development decentralized and will provide updates on security research progress. This initiative is a proactive step to safeguard Bitcoin against future technological threats.