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Protocol Upgrade

Definition

A protocol upgrade is a modification or enhancement to the rules and code that govern a blockchain network or decentralized application. These upgrades are designed to improve functionality, increase security, enhance scalability, or introduce new features. They often require a coordinated effort from network participants, including developers, validators, and users, to ensure smooth implementation and widespread adoption. Successful protocol upgrades are vital for the long-term evolution and viability of blockchain ecosystems.