News Explorer — Project 11 Secures $6 Million to Protect Bitcoin From Quantum Computing Threats, Urging Cryptography Upgrades

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Jun 19, 4:12 pm

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Project 11 Secures $6 Million to Protect Bitcoin From Quantum Computing Threats, Urging Cryptography Upgrades

Project 11 raised $6 million in a seed round to safeguard Bitcoin from potential threats posed by quantum computing. The funding was co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation, emphasizing the urgency for upgrading to quantum-safe cryptography.

Project 11 raised $6 million in a seed round to safeguard Bitcoin from potential threats posed by quantum computing. The funding was co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation, emphasizing the urgency for upgrading to quantum-safe cryptography.

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