A Planned Hard Fork is a deliberate and scheduled upgrade to a blockchain protocol that involves making significant changes to the existing network rules and consensus mechanism. It typically requires all participants to upgrade their software to the latest version to remain compatible with the new rules. A planned hard fork is often executed to introduce new features, improve network performance, address security vulnerabilities, or resolve disagreements within the community. It is carefully coordinated to minimize disruptions and ensure a smooth transition from the old protocol to the new one while maintaining the integrity of the blockchain.
