BitGo Plans New Quantum‑Protection Tools to Shield Institutional Bitcoin Wallets

BitGo Plans New Quantum‑Protection Tools to Shield Institutional Bitcoin Wallets
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BitGo announced the launch of new quantum protection tools for institutional Bitcoin wallets, aimed at helping institutions “assess, manage, and reduce the issues and threats linked to quantum computing” in UTXO-based wallets.

The initiative will expand the multisignature security architecture the company has been developing for years and will incorporate operational tools to manage wallet key exposure and improve the handling of unspent outputs.

Among the new features is a new method, for which BitGo has already filed a provisional patent application, that groups and prioritizes UTXOs by address to reduce the security risks generated by partially spent funds. The measure does not cover address types that expose the public key from the outset, such as Taproot or Pay-to-Public-Key, which require separate solutions.

Last month, Coinbase’s Independent Advisory Committee on Quantum Computing and Blockchain warned in a report that around 7 million bitcoins are held in addresses vulnerable to a potential quantum attack.

Mike Belshe, co-founder and CEO of BitGo, stated that “institutions don’t need to wait for a quantum event to occur before starting to manage this issue” and that “the right approach is to reduce exposure now.” The new tools will be available in the coming weeks.

Source: https://x.com/BitGo/status/2075190327787298966


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This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

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