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07/20/2026

Project Eleven Unveils Quantum-Resistant Wallet Recovery Tool—But Satoshi’s Coins Remain Out of Reach

What happened: Project Eleven funded a zero-knowledge proof system that allows owners of BIP-32 HD wallets to prove key ownership even if quantum computers can forge digital signatures.

Project Eleven Unveils Quantum-Resistant Wallet Recovery Tool—But Satoshi’s Coins Remain Out of Reach

What happened: Project Eleven funded a zero-knowledge proof system that allows owners of BIP-32 HD wallets to prove key ownership even if quantum computers can forge digital signatures. The prototype, which runs in under 250 milliseconds on a laptop, supports three Bitcoin address types but excludes Taproot and Satoshi-era wallets. Deployment would require protocol-level changes and further auditing.

Why it matters: As quantum threats to ECDSA signatures loom, this tool offers a practical migration path for modern wallets, but cannot rescue Satoshi's 1.1 million BTC, which predate BIP-32. The project’s $20M Series A (January 2026) and technical advances highlight growing urgency around post-quantum security for digital assets, but real-world impact depends on broad industry adoption.

Source: CoinDesk