[BlackRock, Coinbase, Strategy, and Others Form Bitcoin Security Alliance, Pledge $15 Million Over Three Years to Support Core Developers and Quantum-Resistant Research] BlockBeats News, July 23: Nine financial institutions and Bitcoin companies announced the formation of the Bitcoin Security Alliance, with founding members including Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Asset Management, Galaxy, and Strategy. The alliance encompasses institutions across the entire chain, including custody, trading, infrastructure, payments, and asset management. The alliance has pledged a total of $15 million in funding over the next three years to support developers and researchers in the Bitcoin security field, including long-term efforts to prepare Bitcoin for the era of quantum computing. Each member will independently decide how to allocate their funds to specific developers, researchers, or organizations. The alliance's daily operations will be coordinated on a voluntary basis by Brink Executive Director Mike Schmidt. Brink is a nonprofit organization that funds open-source Bitcoin developers. The alliance has explicitly stated that it will not set or direct Bitcoin protocol changes, will not take a stance on specific protocol modifications, and does not represent Bitcoin or its developers—the development of Bitcoin remains the work of a globally decentralized contributor community. The alliance aims to emulate the model of industry organizations that provide long-term support for open-source software, offering resources and attention to developers without controlling the underlying work. Strategy CEO Phong Le stated, "As long-term holders, ensuring Bitcoin's generational security is our greatest incentive." BlackRock's Global Head of Digital Assets, Robert Mitchnick, emphasized that the work of Bitcoin core developers is "extremely important," and this commitment will provide "critical additional funding" for Bitcoin's long-term security needs. The alliance will also serve as a reliable source of information for investors, the public, and the media on Bitcoin security. In the coming months, it plans to release and continuously update materials related to Bitcoin security. [Original Link]