Definition ∞ A legacy token contract refers to an older version of a smart contract governing a digital token. These contracts may contain outdated code, security vulnerabilities, or lack modern features and optimizations. Projects often migrate users from these contracts to newer, upgraded versions. This transition aims to enhance functionality, security, or efficiency.
Context ∞ As blockchain technology evolves, maintaining and upgrading token contracts presents ongoing challenges for project developers. Transitions from legacy contracts often require careful planning to avoid disruptions and ensure asset safety for token holders. News often covers successful or problematic migrations, highlighting the complexities involved.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
