Overview
A protocol upgrade is a planned change to a protocol’s rules, often via governance or a fork. It adds features or fixes issues. Upgrades require coordination and careful execution.
How It Works
Changes are proposed, approved via governance, and implemented by contracts or a fork. They can be backward-compatible or breaking. Successful upgrades improve security and utility.
Why It Matters
Upgrades let protocols evolve and fix vulnerabilities. Poorly executed upgrades risk disruption or exploits. They are a key governance outcome.
Related Concepts
Protocol upgrades relate to Hard Forks, Governance, and Proposals. They evolve Protocol rules.