In the context of open source code, an upgrade or enhancement to an existing protocol that connects to the protocol’s history. A user has the choice of using the old or the new protocol. If the new protocol is better and attracts sufficient mining power, it will win. Forking is a key mechanism to assure efficiency in DeFi.

Share this TERM

You might also be interested in these

A physical version of your NFT at your home. High quality only.

Print my NFT