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If code is immutable, how are smart contracts upgraded?

Etherum Reddit

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One thing I'm struggling to put my finger on... if you deploy a smart contract to the blockchain, but discover a bug, how is it possible to upgrade/patch the smart cobtract? I read that this is happening, but I thought code was immutable. Are people just deploying a new contract and telling everyone to ignore the old one?

submitted by /u/neocybersonic
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