Protocol Upgradeability

Definition ∞ Protocol Upgradeability refers to a blockchain network’s capacity to modify its underlying rules and functionalities without requiring a complete system overhaul or hard fork. This feature allows for continuous improvement, bug fixes, and the addition of new features over time. It typically involves governance mechanisms that enable stakeholders to approve and implement changes. Controlled upgradeability balances stability with necessary evolution.
Context ∞ News reports often highlight protocol upgradeability when discussing the long-term viability and adaptability of blockchain projects. Debates center on the degree of decentralization in governance models that permit upgrades, and the potential for contentious changes. Projects with robust upgrade paths are generally viewed as more resilient and capable of responding to technological advancements or security threats, influencing investor and developer sentiment.