Substantive Change refers to an alteration within a system or process that significantly impacts its fundamental nature, operational parameters, or strategic outcomes. Such changes are typically non-trivial, requiring comprehensive review and often re-evaluation of existing frameworks. In the crypto domain, this could be a major protocol upgrade, a shift in governance mechanisms, or a fundamental change in a digital asset’s tokenomics.
Mechanism
The mechanism involves an assessment of the change’s scope and its potential ripple effects across interconnected components. For example, a smart contract upgrade would necessitate rigorous security audits, impact analysis on dependent protocols, and community consensus via governance votes. The system identifies deviations from baseline performance or risk profiles, requiring formal approval.
Methodology
The methodology for managing substantive change mandates a structured impact assessment, stakeholder consultation, and a phased implementation plan. In crypto, this means employing formal verification for critical code changes, conducting economic modeling for tokenomics adjustments, and transparently communicating modifications to the network. The strategic intent is to maintain system integrity, minimize unintended consequences, and preserve trust in decentralized systems.
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