Project Eleven raises $6 million to develop tools to protect Bitcoin from quantum attacks

According to Cointelegraph, Project Eleven, a development company focused on post quantum cryptography, has raised $6 million in funding, led by Variant Fund and quantum technology investment firm Quantonation. The funds will be used to develop tools to resist quantum computing attacks and protect the security of digital assets such as Bitcoin. The company's first product, Yellowpages Encryption Registry, has completed a Cure 53 audit, allowing users to bind existing Bitcoin addresses to new anti quantum addresses without relying on on on on chain activity.