Core Protocol Update

Definition ∞ A core protocol update signifies a substantial modification to the fundamental rules or code governing a blockchain network. These updates often aim to improve scalability, security, efficiency, or introduce new functionalities. Implementing such changes typically requires broad consensus among network participants and can result in a hard fork or soft fork. These updates are critical for the long-term viability and competitiveness of a digital asset system.
Context ∞ The state of core protocol updates is continuously dynamic, with various networks undergoing scheduled or emergent improvements. A key discussion involves the governance mechanisms through which these updates are proposed, debated, and implemented by the community. Future developments will focus on achieving smoother upgrade processes and maintaining network stability while introducing complex new features.