Blockchains were not designed with future upgrades in mind, meaning they can’t evolve, and leaving them prone to stress. This article uses the analogy of a computer operating system (OS), and likens the solution to needing an underlying layer, a BIOS. I thought it was interesting, but don’t know enough to agree or disagree. What do you think?
Terms I learned:
Antifragility- “the property of systems to improve when stressed”.
Black swans- “highly unpredictable events with severe consequences”.
Hard fork - an upgrade “in which all the computers stop running the old software and start running the new software at the exact same time”.