Project Eleven announces a $6 million seed round to develop quantum-resistant solutions for Bitcoin and other digital assets, addressing the imminent threat posed by quantum computing to current cryptography. Their first product, yellowpages, is designed to generate quantum-safe keys for Bitcoin ownership while facilitating necessary upgrades to blockchain protocols. The initiative aims to not only preserve digital asset security but also leverage quantum technology to create innovative financial systems.

A Bitcoin developer has proposed a hard fork to transition BTC from legacy wallets to those secured by post-quantum cryptography, aiming to protect against potential quantum computing threats to current ECDSA signatures. The proposal includes a migration deadline for users to move their funds to more secure wallets, and it has sparked debate within the community about its feasibility and implications.