Project Eleven CEO urges Bitcoin to prepare for quantum computing threat

The Bitcoin developer community must hasten its response to the threat of quantum computers, urged Alex Pruden, CEO of quantum-resistance firm Project Eleven. Speaking at the Consensus conference in Miami, Pruden stressed the importance of building a post-quantum cryptography-based signature system in advance rather than waiting for certainty on when quantum computers will be commercialized. He argued that while proactive measures might seem premature, a delayed response could create a risk where private keys can be restored from public keys alone. According to Pruden, approximately $2.3 trillion in cryptocurrency is currently exposed to this vulnerability, necessitating the adoption of a new security framework to replace Bitcoin's existing ECDSA signature structure.