Switzerland has become a leading hub for blockchain innovation, with projects like Ethereum originating in the town of Zug, known as "Crypto Valley." A recent study by Lucerne University found that 11% of Swiss residents have invested in crypto assets.
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Most recently, BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology.
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The company, which announced the funding on Wednesday, offers application programming interfaces (APIs) for developers to manage and integrate user data, allowing its customers to offer crypto services and other on-chain functions so that end users can buy, sell and hold cryptocurrency.
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