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Just to add, ReadOnly for reference types only makes the reference readonly not the values. For example:

public class Const_V_Readonly
{
  public const int I_CONST_VALUE = 2;
  public readonly char[] I_RO_VALUE = new Char[]{'a', 'b', 'c'};

  public UpdateReadonly()
  {
     I_RO_VALUE[0] = 'V'; //perfectly legal and will update the value
     I_RO_VALUE = new char[]{'V'}; //will cause compiler error
  }
}

Just to add, readonly for reference types only makes the reference read only not the values. For example:

public class Const_V_Readonly
{
  public const int I_CONST_VALUE = 2;
  public readonly char[] I_RO_VALUE = new Char[]{'a', 'b', 'c'};

  public UpdateReadonly()
  {
     I_RO_VALUE[0] = 'V'; //perfectly legal and will update the value
     I_RO_VALUE = new char[]{'V'}; //will cause compiler error
  }
}

Just to add, ReadOnly for reference types only makes the reference readonly not the values. For example:

public class Const_V_Readonly
{
  public const int I_CONST_VALUE = 2;
  public readonly char[] I_RO_VALUE = new Char[]{'a', 'b', 'c'};

  public UpdateReadonly()
  {
     I_RO_VALUE[0] = 'V'; //perfectly legal and will update the value
     I_RO_VALUE = new char[]{'V'}; //will cause compiler error
  }
}

Also, const can only be value types (well most value types, not structs though).

Just to add, ReadOnly for reference types only makes the reference readonly not the values. For example:

public class Const_V_Readonly
{
  public const int I_CONST_VALUE = 2;
  public readonly char[] I_RO_VALUE = new Char[]{'a', 'b', 'c'};

  public UpdateReadonly()
  {
     I_RO_VALUE[0] = 'V'; //perfectly legal and will update the value
     I_RO_VALUE = new char[]{'V'}; //will cause compiler error
  }
}

Just to add, ReadOnly for reference types only makes the reference readonly not the values. For example:

public class Const_V_Readonly
{
  public const int I_CONST_VALUE = 2;
  public readonly char[] I_RO_VALUE = new Char[]{'a', 'b', 'c'};

  public UpdateReadonly()
  {
     I_RO_VALUE[0] = 'V'; //perfectly legal and will update the value
     I_RO_VALUE = new char[]{'V'}; //will cause compiler error
  }
}

Also, const can only be value types.

Just to add, ReadOnly for reference types only makes the reference readonly not the values. For example:

public class Const_V_Readonly
{
  public const int I_CONST_VALUE = 2;
  public readonly char[] I_RO_VALUE = new Char[]{'a', 'b', 'c'};

  public UpdateReadonly()
  {
     I_RO_VALUE[0] = 'V'; //perfectly legal and will update the value
     I_RO_VALUE = new char[]{'V'}; //will cause compiler error
  }
}

Also, const can only be value types (well most value types, not structs though).