Taproot

Galaxy Digital has launched a $5 million initiative aimed at helping Bitcoin developers prepare for future quantum-computing threats. The program will fund work on quantum-resistant signatures, wallet migration tools and security audits as the industry weighs long-term risks to blockchain cryptography.

Bitcoin’s BIP-110 proposal sought to temporarily restrict certain non-financial data on the blockchain, but it instead became a major test of Bitcoin governance. With limited miner backing and sharp criticism from prominent industry voices, the proposal now appears unlikely to move forward.