It might be too late for bitcoin’s quantum migration, Project Eleven report argues

A report from Project Eleven argues that it might be too late for Bitcoin to successfully migrate its cryptographic protocols to be quantum-resistant. The report highlights that quantum computing presents a significant threat, not only to Bitcoin's security but also to up to $3 trillion in digital assets globally. Beyond cryptocurrencies, Project Eleven warns that the rise of quantum computing endangers the security of traditional banking systems, military communications, and digital identities, underscoring a broad and urgent cybersecurity challenge.