A startup has raised $6 million in a seed spherical to guard Bitcoin from quantum computing.
Mission 11, which focuses on quantum computing’s hypothetical risk to the main crypto community, introduced the elevate Thursday, which was co-led by Variant and Quantonation, and included participation from enterprise capital companies Fort Island Ventures, Nebular, and Formation.
The agency stated that quantum computing is a risk to Bitcoin so “each pockets, each account holder, each sensible contract key—all of it—should improve to new, quantum-safe cryptography.”
In the present day we’re saying a $6 million seed spherical at Mission Eleven, to construct a quantum-ready future for digital property. The seed spherical was co-led by @variantfund and @Quantonation with participation from @CastleIslandVC, @Nebularvc, and @formation_vc.
Why this issues: Quantum…
— Mission 11 (@qdayclock) June 19, 2025
“A cryptographically related quantum pc will break the foundational safety assumptions of Bitcoin and almost each digital asset,” Mission 11 stated in a press release.
“With fast progress from firms like IBM and Google, that future is not hypothetical. It’s coming quick and there isn’t lengthy to organize.”
Quantum computing is a brand new kind of know-how that makes use of quantum physics to course of far bigger quantities of data than classical machines.
Such computer systems aren’t obtainable to the general public but and high tech firms like Google and IBM are engaged on growing them.
However some within the crypto area have raised issues that as tech giants make greater strides to releasing a quantum pc, Bitcoin’s cryptography might be cracked.
The Bitcoin community is at the moment the world’s most safe computing community—and has by no means been hacked.
With the intention to crack the community’s cryptography, a foul actor must take management of greater than 50% of the Bitcoin community, which might require an enormous quantity of computing energy.
Hardcore Bitcoiners like Technique co-founder and chairman Michael Saylor have shrugged off issues about quantum computing, saying that when such a risk exists, different computing networks—utilized by the likes of banking giants or the U.S. army—will face an even bigger threat.
“I do not fear about it,” he stated. “Microsoft and Google market their quantum tasks, however they might by no means promote a quantum pc that cracked cryptography, as a result of it will destroy their very own firms.”
Bitcoin was lately buying and selling at about $104,250, roughly flat over the previous 24 hours.
Edited by James Rubin
