Vitalik Buterin posits a recovery hard fork as a potential safeguard against risks associated with quantum computers.
Founder Vitalik Buterin of Ethereum has said that the blockchain ecosystem is ready to face any quantum assaults by implementing a “recovery fork.” Buterin recently wrote on his blog about the possibility of quantum computers being available soon, which raises concerns since hackers may potentially get access to the machines.
Buterin said Ethereum is impervious to such a situation, even if it raises the possibility of users losing funds due to hacking or other forms of illegal access. “I contend that in reality, we are currently in a good position to design a rather straightforward recovery fork to handle such a scenario,” he said.
One Chinese crypto researcher, Colin Wu, has been illuminating Buterin’s thoughts with an X post he posted on his Wu Blockchain website. He emphasized that the necessary preparations for a hard split could be started right away, “making the Ethereum ecosystem optimally equipped in case a quantum emergency does really come to pass.”
In accordance with the article, users will have to download a new software wallet in order to access the backup plan during the blockchain’s hard fork event. The risk that some users may lose funds is something that Buterin did mention.
Buterin outlined the steps that would be required to implement the hard fork. To stop widespread theft, “revert all blocks after the initial block” is the suggested action. Afterwards, classic EOA-based transactions need to be deactivated.
Implementing smart contract wallet transactions will require the addition of a new transaction type in the following step. In order to enable STARK proofs, additional transaction types or opcodes are integrated. It will be possible to utilize the account as a smart contract wallet when the proof is completed since it will change the code to a new verification code.
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