Fixed parameters are unchangeable or predetermined settings within a blockchain protocol, smart contract, or digital asset system that are set at its beginning and cannot be modified without a significant protocol upgrade. These parameters govern fundamental aspects such as supply limits, block rewards, transaction fees, or consensus rules. They ensure predictable operation and security for the underlying system.
Context
News discussions about fixed parameters often arise when evaluating the immutability and long-term economic policies of various digital assets. The debate frequently concerns the trade-offs between a system’s predictability and its adaptability to unforeseen circumstances or technological advancements. Observing how decentralized governance mechanisms interact with or propose alterations to such parameters will provide valuable insight.
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