Project 11 has raised $6 million to enhance Bitcoin's security against the potential threat posed by quantum computing. As quantum technology evolves, concerns arise that it could eventually compromise Bitcoin's cryptographic security, necessitating an upgrade to quantum-safe cryptography for all users. Project 11 aims to address these vulnerabilities, highlighting that a sufficiently advanced quantum computer could undermine the foundational security of Bitcoin and other digital assets. With advancements from tech giants like IBM and Google, the urgency to prepare is increasing. Although some experts like Michael Saylor believe the risk is overstated, pointing out that other systems would be at greater risk, the consensus is clear: proactive measures are essential for safeguarding against future quantum threats.

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