{"id":32684,"date":"2025-06-19T13:47:41","date_gmt":"2025-06-19T13:47:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32684"},"modified":"2025-06-19T13:47:41","modified_gmt":"2025-06-19T13:47:41","slug":"project-eleven-raises-6m-to-defend-bitcoin-from-the-coming-quantum-threat","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32684","title":{"rendered":"Project Eleven Raises $6M to Defend Bitcoin From the Coming Quantum Threat"},"content":{"rendered":"
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Project Eleven has raised $6 million to protect bitcoin BTC from the existential threat of quantum computing, as fears mount that the network\u2019s core cryptography could one day be rendered obsolete.<\/p>\n

The round was co-led by Variant Fund and Quantonation, with participation from Castle Island Ventures alongside founding investors Nebular and Formation, according to a release.<\/p>\n

“As quantum computing capabilities advance, the threat to systems like Bitcoin is no longer theoretical, it’s imminent,” Alex Pruden, CEO of Project Eleven, said in a release. <\/p>\n

“This funding allows us to stay ahead of that curve, building the tools, standards, and ecosystem required to ensure digital assets remain secure in a post-quantum world,\u201d Pruden said.<\/p>\n

Earlier this year, Project Eleven launched the Q-Day Prize,<\/a> offering 1 BTC to the first team that can break Bitcoin\u2019s elliptic curve cryptography (ECC) using a quantum computer.<\/p>\n

\u201cWe define Q-Day as the moment when quantum computers become capable of breaking the elliptic-curve cryptography that secures private keys used by Bitcoin,\u201d said Conor Deegan, co-founder and VP of Engineering at Project Eleven in a release.<\/p>\n

Project Eleven also announced it is launching Yellowpages a post-quantum cryptographic registry where users can generate hybrid key pairs, create proofs linking them to their existing BTC addresses, and timestamp those proofs on a verifiable ledger.<\/p>\n

Yellowpages works by having users generate a new key pair using post-quantum cryptographic algorithms, such as lattice-based systems, that are resistant to the types of attacks a future quantum computer could launch.<\/p>\n

They then create a cryptographic proof linking this quantum-safe key to their existing BTC address. That proof is timestamped and stored in Yellowpages, a public registry hosted off-chain.<\/p>\n

It doesn\u2019t move funds or alter anything on the Bitcoin blockchain, but creates a verifiable paper trail of wallet ownership that could serve as a fallback if elliptic curve cryptography is ever broken.<\/p>\n

\u201cPreparing ahead of Q-Day means ensuring that digital assets remain secure and verifiable in a post-quantum world. With Yellowpages, we\u2019re giving users free, audited, and open-source tools to proactively establish quantum-resilient ownership today,\u201d Deegan continued.<\/p>\n

Securing BTC against quantum through consensus<\/strong><\/h4>\n

The approach contrasts with solutions like QRAMP<\/a>, a Bitcoin Improvement Proposal that mandates a hard-fork migration to quantum-safe addresses.<\/p>\n

While effective in theory, QRAMP and similar proposals face a high barrier to adoption because they would require consensus, a tall order in a governance environment known for caution.<\/p>\n

Ethereum\u2019s multi-year journey to Proof-of-Stake and Bitcoin\u2019s recent OP_RETURN debate<\/a> are reminders of just how slow protocol change can be, and some analysts have warned that the slow governance process is a threat itself.<\/a><\/p>\n

This route would bypass the need for consensus, while also facilitating the mass adoption of quantum defenses.<\/p>\n

As Rick Maeda of Presto Research recently warned in an interview with CoinDesk<\/a>, quantum defenses must be built linearly, not reactively, because by the time the threat is real, it\u2019s already too late.<\/p>\n

Project Eleven\u2019s latest moves suggest some in the crypto industry are taking this threat seriously while acknowledging the weakness of current methods.<\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Project Eleven has raised $6 million to protect bitcoin BTC from the existential threat of quantum computing, as fears mount that the network\u2019s core cryptography could one day be rendered obsolete. The round was co-led by Variant Fund and Quantonation, with participation from Castle Island Ventures alongside founding investors Nebular and Formation, according to a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32684","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32684"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32684\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}