What is Protocol Fork?
Protocol Fork A change in a blockchain’s protocol, often leading to a new version of the blockchain, which can be either backward-compatible (soft fork) or create a new chain (hard fork), impacting asset compatibility and portfolio risk.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Protocol Fork” Used in Practice?
Protocol forks may require portfolio managers to update reporting and custody arrangements due to new token issuances or network splits.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Protocol Fork?
A change in a blockchain’s protocol, often leading to a new version of the blockchain, which can be either backward-compatible (soft fork) or create a new chain (hard fork), impacting asset compatibility and portfolio risk.
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