Odaily Planet Daily reports: Nine blockchain organizations announced on Thursday the formation of the Quantum Alliance, aiming to establish "quantum-ready" standards and create unified methods for testing and verifying quantum resistance in networks, wallets, and infrastructure.
Quantum Alliance operates in accordance with the Internet Engineering Task Force (IETF), with founding participants spanning foundational protocols, privacy networks, Rollups, hardware wallets, and security auditing, including Quantus, Postquant Labs, Midnight Foundation, Keystone, Abelian, and Hacken. Its work is organized into four groups: blockchain migration, post-quantum zero-knowledge systems, wallet security, and cross-chain compatibility.
Quantum Alliance states that elliptic curve signatures leave approximately 6.04 million bitcoins—about 30% of the total supply—exposed to quantum risk. If a sufficiently powerful quantum computer runs Shor's algorithm, it could theoretically reverse-engineer private keys and gain control of the associated assets.
Quantum Alliance cites multiple projections suggesting the risk window may occur in the late 2020s, with one model pinpointing March 2028 as an earlier window; a Google Quantum AI study has lowered the estimated number of qubits required to break Bitcoin’s cryptography to fewer than 500,000. (Decrypt)