BitGo plans to introduce new quantum-protection security tools for Bitcoin wallets, the company said Thursday.
The technological development is specifically aimed at helping institutions "assess, manage, and reduce quantum-related exposure" across UTXO-based Bitcoin wallets, according to a statement.
"The launch expands BitGo's long-standing multi-signature security architecture with new operational tools for managing wallet-key exposure, improving UTXO handling, and strengthening institutional wallet operations as the industry prepares for a post-quantum future," BitGo also said.
While the future potential risks posed to Bitcoin by quantum computing are worth taking seriously, some experts argue that the cryptographic tools needed to protect digital assets against quantum threats already exist. They contend that the greater risk may be a failure to implement them in time rather than a lack of technical solutions.
"BitGo is investing in the foundation required for a post-quantum future for our clients," BitGo co-founder and CEO Mike Belshe said. "We believe the safest key is one whose public key has never been revealed onchain. These capabilities give institutions a practical way to understand and reduce quantum exposure while continuing to rely on the proven security of multi-signature."
