Odaily Planet Daily reports that the U.S. Department of Commerce has allocated up to $100 million each to Rigetti, D-Wave, and Quantinuum under the CHIPS Act, totaling up to $300 million, and will take minority equity stakes in all three companies to advance the development of hardware, manufacturing, and error-correction systems for fault-tolerant quantum computers. Ethereum has set December 2029 as the deadline for achieving quantum resistance in its execution layer, consensus layer, and data layer; Bitcoin developers are advancing two post-quantum signature migration proposals, BIP-360 and BIP-361, with industry experts agreeing that a viable migration path must be established before 2029.
The U.S. Department of Commerce Allocates Up to $100 Million to Three Quantum Computing Companies
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Summary
The U.S. Department of Commerce has awarded up to $100 million each to Rigetti, D-Wave, and Quantinuum under the CHIPS Act, totaling up to $300 million. The funding includes minority stakes to develop fault-tolerant quantum hardware and error correction systems. Altcoins to watch may react as quantum advancements could impact crypto security. Market sentiment remains mixed, with the Fear & Greed Index hovering near neutral.
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