Core Protocol Upgrade

Definition ∞ A core protocol upgrade is a significant modification to the fundamental rules governing a blockchain network. These updates introduce substantial changes to the underlying code, consensus mechanisms, or economic parameters of a digital asset system. Such upgrades often require network-wide consensus among participants and nodes to be successfully implemented. They are essential for enhancing security, scalability, functionality, or efficiency of the blockchain.
Context ∞ Core protocol upgrades frequently generate considerable news coverage due to their potential impact on network stability, asset value, and developer activity. Debates often surround the governance process for implementing these changes and the technical challenges associated with coordinating a global network. Upcoming upgrades, such as those related to Ethereum’s scaling solutions, are closely watched for their implications on the broader digital asset ecosystem.