{"id":123651,"date":"2021-06-10T13:22:53","date_gmt":"2021-06-10T20:22:53","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/06\/hacking-bitcoin-wallets-with-quantum-computers-could-happen-but-cryptographers-are-racing-to-build-a-workaround"},"modified":"2021-06-10T13:22:53","modified_gmt":"2021-06-10T20:22:53","slug":"hacking-bitcoin-wallets-with-quantum-computers-could-happen-but-cryptographers-are-racing-to-build-a-workaround","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/06\/hacking-bitcoin-wallets-with-quantum-computers-could-happen-but-cryptographers-are-racing-to-build-a-workaround","title":{"rendered":"Hacking bitcoin wallets with quantum computers could happen \u2013 but cryptographers are racing to build a workaround"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/hacking-bitcoin-wallets-with-quantum-computers-could-happen-but-cryptographers-are-racing-to-build-a-workaround2.jpg\"><\/a><\/p>\n<p>Stefan Thomas really could have used a quantum computer this year.<\/p>\n<p>The German-born programmer and crypto trader forgot the password to unlock his digital wallet, which contains 7002 <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.BS=-USS\">bitcoin<\/a>, now worth $265 million. Quantum computers, which will be <a href=\"https:\/\/www.cnbc.com\/2021\/06\/07\/organizations-are-preparing-for-cyberattacks-from-quantum-computers.html\">several million times faster than traditional computers<\/a>, could have easily helped him crack the code.<\/p>\n<p>Though quantum computing is still very much in its infancy, governments and private-sector companies such as <a href=\"https:\/\/www.cnbc.com\/quotes\/MSFT\" target=\"_blank\">Microsoft<\/a> and <a href=\"https:\/\/www.cnbc.com\/quotes\/GOOGL\" target=\"_blank\">Google<\/a> are working to make it a reality. Within a decade, quantum computers could be powerful enough to break the cryptographic security that protects cell phones, bank accounts, email addresses and \u2014 yes \u2014 bitcoin wallets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stefan Thomas really could have used a quantum computer this year. The German-born programmer and crypto trader forgot the password to unlock his digital wallet, which contains 7002 bitcoin, now worth $265 million. Quantum computers, which will be several million times faster than traditional computers, could have easily helped him crack the code. Though quantum [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,34,1512,1617],"tags":[],"class_list":["post-123651","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cybercrime-malcode","category-mobile-phones","category-quantum-physics"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/123651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=123651"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/123651\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=123651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=123651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=123651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}