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Koinos Group co-founder and Koinos blockchain architect Michael Vandeberg talks about upgradeable smart contracts. He explains why they're so important to avoid hard forks in the development of blockchains. Hard forks create a technical and political bottleneck that is highly disruptive to the operation of the network which massively handicaps the process of upgrading the system. Koinos is the first to use smart contracts to define the system itself and is a platform for smart contracts that can be used to solve practically any problem.