[Approximately 6.04 Million Bitcoins Face Quantum Exposure Risk: 9 Blockchain Organizations Form Quantum Alliance] According to a report by Decrypt on October 18, nine blockchain organizations announced on Thursday the formation of the Quantum Alliance, aimed at establishing 'quantum-ready' standards and creating unified testing and verification methods for quantum resistance in networks, wallets, and infrastructure. The alliance operates in reference to the Internet Engineering Task Force (IETF) and includes founding participants from areas such as base protocols, privacy networks, rollups, hardware wallets, and security auditing, including Quantus and Postquant Labs. The work is divided into four groups: blockchain migration, post-quantum zero-knowledge systems, wallet security, and cross-chain compatibility. The alliance stated that elliptic curve signatures put 6.04 million Bitcoins—accounting for 30% of the total supply—at risk of quantum exposure. If a quantum computer with sufficient computational power were to run Shor's algorithm, it could theoretically reverse-engineer private keys and take control of the associated assets. The alliance cited multiple forecasts suggesting that the risk window could emerge in the late 2020s, with one layer-1 model identifying March 2028 as an early potential window. A study by Google Quantum AI has already reduced the estimated number of qubits required to break Bitcoin cryptography to less than 500,000.