In the rapidly evolving world of blockchain and digital assets, few threats loom as quietly yet catastrophically as quantum computing. While still in developmental stages, quantum computers have the potential to break widely used cryptographic systems—putting billions of dollars in crypto assets at risk. Enter Project Eleven, a forward-thinking initiative launched in 2024 with one mission: to future-proof Bitcoin and other blockchains against quantum attacks through post-quantum cryptography (PQC).
Unlike most Web3 projects chasing yield, airdrops, or scalability, Project Eleven operates behind the scenes—developing infrastructure that could safeguard the entire ecosystem from an impending cryptographic collapse.
The Quantum Threat to Bitcoin
Bitcoin’s security relies on elliptic curve cryptography (ECC), which ensures that only the holder of a private key can spend funds from a public address. However, a sufficiently powerful quantum computer could theoretically reverse-engineer private keys from public ones using Shor’s algorithm—especially for addresses where the public key is already exposed on-chain.
This isn't science fiction. According to Project Eleven’s data, over 6.26 million BTC—worth more than $648 billion as of early 2025—are potentially vulnerable due to static storage, reused addresses, or lost recovery phrases. These "quantum-risk" coins represent a systemic vulnerability that could destabilize confidence in digital asset ownership if exploited.
👉 Discover how next-gen security protocols are protecting crypto’s future.
Introducing Yellowpages: A Quantum-Safe Identity Layer
Project Eleven’s first public-facing tool, yellowpages, is not a new blockchain or wallet—but a protocol-level solution designed to retrofit existing Bitcoin addresses with post-quantum cryptographic identities.
How It Works
- Users generate a quantum-resistant key pair (using lattice-based or hash-based PQC algorithms).
- This new identity is cryptographically linked to their existing BTC address via a verifiable registration process.
- The binding occurs off-chain or through minimal on-chain metadata, avoiding hard forks or protocol changes.
- Ownership remains under the user’s control without requiring asset migration.
This approach is revolutionary because it:
- Preserves backward compatibility with Bitcoin.
- Minimizes user friction.
- Enables long-term ownership verification even in a post-quantum world.
Importantly, yellowpages does not replace Bitcoin’s current cryptography—it augments it, creating a dual-layer defense system that buys time for broader network upgrades.
Core Keywords and Strategic Focus
The foundation of Project Eleven rests on several key concepts:
- Post-quantum cryptography (PQC)
- Bitcoin security
- Quantum-resistant blockchain
- Cryptographic upgrade
- Digital asset protection
- Decentralized identity
- Future-proofing crypto
- Systemic risk mitigation
These keywords reflect both technical depth and growing market awareness around infrastructure resilience. By integrating them naturally into its design and communication, Project Eleven aligns with rising search intent around “how to protect Bitcoin from quantum computing.”
The Team Behind the Vision
Project Eleven brings together experts from cryptography, privacy tech, and decentralized infrastructure:
Alex Pruden – CEO
Joined in April 2025, Pruden previously served as President of Aleo, a privacy-focused Layer 1 blockchain. A Stanford-trained cryptographer, he has emphasized that “few projects today are addressing true systemic risks”—a belief that drives Project Eleven’s mission. His leadership signals serious technical intent.
Finn Murphy – Co-Founder
A former partner at Nebular, a data privacy startup, and contributor to Pool Data, Murphy brings deep experience in data sovereignty and protocol governance, crucial for building trustless identity layers.
Conor Deegan – VP of Engineering
As co-founder and former CTO of Pool Data, Deegan leads the engineering charge in implementing PQC across blockchain environments. His team focuses on ensuring seamless integration without compromising decentralization.
Leeor Mushin – Co-Founder & Strategic Advisor
Co-founder of Formation VC, Mushin joined in January 2025 to guide early-stage funding and strategic direction. His venture background helps bridge cutting-edge research with real-world deployment.
Together, this team combines academic rigor with practical product development—a rare balance in the crypto space.
Funding and Industry Support
On June 19, 2025, Project Eleven announced a $6 million seed round, co-led by:
- Variant Fund – known for backing foundational Web3 infrastructure.
- Quantonation – a specialist investor in quantum-safe technologies.
Additional participation came from:
- Castle Island Ventures
- Ambush Capital
- Formation
Notable angel investors include:
- Joe Lallouz (Co-founder, Bison Trails; Partner, Ambush Capital)
- Aaron Henshaw (Co-founder, Bison Trails; Engineering Lead, Coinbase Cloud)
- Zaki Manian (Cosmos ecosystem pioneer, Sommelier co-founder)
- Anna Rose (ZK Validator co-founder and zero-knowledge proof advocate)
This coalition underscores strong confidence in Project Eleven’s long-term vision—from both traditional crypto investors and specialists in quantum resilience.
Current Development Status
As of mid-2025:
- The yellowpages protocol prototype has been completed.
- Internal testing is underway for key binding logic, registration workflows, and verification mechanisms.
- Security audit by Cure53, a renowned cybersecurity firm, is in final stages with results expected soon.
- No mainnet deployment or public user interface has launched yet.
- There are no announced integrations with wallets, exchanges, or node providers.
Crucially, Project Eleven has made no mention of token issuance, governance models, or incentive programs—focusing instead on pure technological validation.
👉 Explore how emerging protocols are redefining digital asset security standards.
Frequently Asked Questions (FAQ)
Q: Does Project Eleven require me to move my Bitcoin?
A: No. The yellowpages protocol allows you to link a quantum-safe identity to your existing address without transferring funds or changing wallets.
Q: Is Bitcoin already quantum-resistant?
A: Not fully. While Bitcoin uses strong encryption, certain address types (like P2PK and reused P2PKH) expose public keys on-chain—making them vulnerable to future quantum attacks.
Q: Will I need a new wallet to use yellowpages?
A: Not necessarily. The goal is compatibility with existing wallets through standardized signature schemes and metadata formats.
Q: Is there a token or reward system?
A: As of now, Project Eleven has not announced any token, airdrop, or staking mechanism. It operates as an open infrastructure project.
Q: How soon should users be concerned about quantum threats?
A: Large-scale quantum attacks are likely years away—but preparation must begin now. Historical precedent shows cryptographic transitions take over a decade (e.g., SHA-1 deprecation). Early adoption of PQC tools like yellowpages ensures readiness.
Q: Can yellowpages work on other blockchains?
A: Initially focused on Bitcoin, the modular design of Project Eleven’s tools may extend to Ethereum, Litecoin, and other UTXO-based chains in the future.
Why This Matters for the Future of Crypto
Project Eleven represents a shift toward proactive security thinking in an industry often reactive to crises. Instead of waiting for a quantum breakthrough to force emergency upgrades, the team is building solutions today that preserve trust in digital ownership tomorrow.
Its minimalist, non-disruptive approach makes it one of the most realistic paths to quantum resilience—especially for networks like Bitcoin, where consensus changes are slow and contentious.
As institutional adoption grows and custodial solutions demand higher assurance levels, tools like yellowpages could become standard components of secure asset management stacks.
👉 Stay ahead of the curve—learn about the next frontier in blockchain security.
Final Thoughts
Quantum computing remains on the horizon—but its implications for blockchain are undeniable. Project Eleven stands out not for hype or speculation, but for addressing one of crypto’s most critical long-term challenges: ensuring that “your keys, your coins” remains true—even in a post-quantum world.
By developing practical, interoperable solutions like yellowpages, the project is laying the groundwork for a safer, more resilient decentralized future. While still early, its technical focus, experienced team, and strategic backing suggest it may play a pivotal role in the next phase of blockchain evolution.