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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/10/2026

U.S. Backs $300M Quantum Hardware Push as Crypto Projects Target 2029 for Quantum Resistance

What happened: The U.

U.S. Backs $300M Quantum Hardware Push as Crypto Projects Target 2029 for Quantum Resistance

What happened: The U.S. Commerce Department finalized $300 million in CHIPS Act awards—$100 million each to Rigetti, D-Wave, and Quantinuum—to accelerate quantum hardware development. Ethereum has set December 2029 as its target for base-layer quantum resistance, while Bitcoin developers are advancing proposals for a similar migration. D-Wave plans a 100,000-qubit annealing system and a 10,000-qubit gate-model system, while Quantinuum and Rigetti focus on manufacturing and error correction.

Why it matters: The convergence of quantum hardware investment and crypto migration planning reflects growing, though still theoretical, concerns about quantum threats to cryptographic security. While no fault-tolerant quantum computers are expected to threaten Bitcoin or Ethereum before 2029, the risk of stranded or vulnerable assets—especially from unmoved, old wallets—remains a challenge for the ecosystem.

Source: CoinDesk, Quartz, Startup Fortune