US Launches $215 Million Quantum Race, Raising Bitcoin Security Concerns

The US Department of Energy launched the Quantum Genesis Q Competition, offering up to $215 million for private companies to build fault-tolerant quantum computers with at least 100 logical qubits and hundreds of millions of reliable operations. The wider program targets deployment by 2028, according to BeInCrypto, as researchers and Bitcoin developers debate how quickly quantum advances could threaten Bitcoin’s elliptic-curve cryptography.