Insider Brief
A group of major financial institutions and Bitcoin companies has launched the Bitcoin Security Consortium with $15 million in combined funding commitments over three years.
The consortium will support Bitcoin security research and development efforts, including work related to preparing the network for potential future quantum computing threats.
Founding members will independently direct funding while the consortium focuses on supporting open-source developers and providing information on Bitcoin security efforts.
Press release – A group of leading financial institutions and Bitcoin companies today announced the formation of the Bitcoin Security Consortium, an initiative dedicated to supporting the long-term security and resilience of the Bitcoin network, backed by an aggregate $15 million in member pledges over the next three years.
