BitGo introduces quantum-resistant security for institutional BTC wallets

Cryptocurrency custody firm BitGo (BTGO) is introducing a quantum-resistant security feature for its institutional Bitcoin wallets, The Block reported. The new feature is designed to help institutions manage quantum-related risks by grouping unspent BTC (UTXOs) by address and sorting them according to their risk level. This addresses the vulnerability of addresses where the public key has been exposed on-chain. The feature does not support BTC addresses where the public key is exposed from the outset, such as Taproot or Pay-to-Public-Key. BitGo has filed a provisional patent for the technology. Meanwhile, a Coinbase-affiliated independent advisory committee on quantum computing and blockchain estimated last month that about 7 million BTC could be vulnerable to quantum computer attacks.