‘Bunker mode’ is a far greater challenge for institutions than individual crypto holders
Source: CoinDesk ·
From the source
As crypto debates whether holders should move funds before AI or quantum advances expose wallet keys, custody firms face a separate problem: upgrading systems before an emergency migration. Bitcoin developers are debating how and when the network will prepare for quantum computing. Also, the call for crypto holders to move into “bunker mode” before advances in AI or quantum computing expose wallet keys, bringing greater attention to individual wallets. However, for banks and custodians, the harder issue may be whether their key management, approval and audit systems can cope as different blockchains adopt varying quantum-resistant security standards. Project Eleven, a company developing tools to protect crypto systems from future quantum-computing attacks, and privacy-focused proof-of-work blockchain Quantus plan to integrate Quantus with Project Eleven’s institutional custody platform, the companies told CoinDesk in an email statement. The two companies are targeting the first…