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Blockchain Ecosystem

Definition

A blockchain ecosystem refers to the collection of interconnected technologies, protocols, applications, and participants that operate on or interact with a specific blockchain network. This includes smart contracts, decentralized applications (dApps), wallets, developers, validators, and end-users, all contributing to the network’s functionality and growth. The robustness and diversity of an ecosystem are often indicative of a blockchain’s utility and adoption rate. Its development is driven by innovation and the creation of novel use cases.