Quantum-Proof Wallets: Crypto Firms Race to Secure Digital Assets Ahead of Protocol Upgrades
The post Quantum-Proof Wallets: Crypto Firms Race to Secure Digital Assets Ahead of Protocol Upgrades appeared on BitcoinEthereumNews.com. TLDR: Crypto firms are upgrading wallets to post-quantum MPC signatures before blockchain protocols make the same shift. NIST-approved algorithms like ML-DSA are being evaluated for distributed signing compatibility across wallet systems. Institutions with existing MPC infrastructure can migrate to quantum-resistant wallets through a simple code upgrade. Wallet-level upgrades alone cannot fully protect users if underlying blockchain networks do not follow with protocol changes. Quantum-proof wallets are becoming a priority for crypto companies as the threat of quantum computing draws closer. Firms are now upgrading their wallet infrastructure faster than blockchain networks can update their core protocols. The concern stems from estimates suggesting a “Q-Day” scenario could arrive as early as 2030. One recent report by Project Eleven warns that quan