Structural Change

Definition ∞ Structural change in the context of digital assets refers to a fundamental alteration in the underlying design, governance, or operational framework of a blockchain network or its associated ecosystem. This could involve significant protocol upgrades, shifts in consensus mechanisms, or major regulatory developments impacting the entire industry. Such changes often lead to long-term consequences for an asset’s utility and value. It represents a significant evolution of the system.
Context ∞ News often reports on structural changes within major blockchain protocols, such as Ethereum’s move from Proof of Work to Proof of Stake, highlighting their potential to redefine the network’s capabilities and economic model. These changes are frequently debated for their impact on decentralization, security, and scalability. Understanding these transformations is crucial for assessing the future trajectory of digital assets.