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Ethereum's decentralized finance DeFi system never sleeps or discriminates. With just an internet connection, you can send, receive, borrow, earn interest, and even stream funds anywhere in the world. Explore DeFi The internet of assets Ethereum isn't just for digital money. Anything you can own can be represented, traded and put to use as non-fungible tokens NFTs. You can tokenise your art and get royalties automatically every time it's re-sold. Or use a token for something you own to take out a loan.
The possibilities are growing all the time. When upgrades are needed in traditional, centrally-controlled software, the company will just publish a new version for the end-user. Blockchains work differently because there is no central ownership.
Ethereum clients must update their software to implement the new fork rules. Plus block creators miners in a proof-of-work world, validators in a proof-of-stake world and nodes must create blocks and validate against the new rules. More on consensus mechanisms These rule changes may create a temporary split in the network.
New blocks could be produced according to the new rules or the old ones. Forks are usually agreed upon ahead of time so that clients adopt the changes in unison and the fork with the upgrades becomes the main chain.
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