Definition ∞ A blockchain update involves modifying a distributed ledger’s protocol or software. These modifications can introduce new features, address security vulnerabilities, or enhance network performance. Such alterations require consensus among network participants to maintain ledger integrity and operational continuity. Implementing an update often necessitates a hard fork or a soft fork, depending on its backward compatibility.
Context ∞ Major blockchain updates frequently become significant news events, influencing digital asset valuations and investor sentiment. The debate often centers on the technical feasibility, community support, and potential economic impact of proposed changes. Monitoring these developments is essential for comprehending shifts in network utility and market dynamics.
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