Definition ∞ Blockchain efficiency refers to the performance characteristics of a distributed ledger technology, primarily its transaction throughput, speed, and resource consumption. It quantifies how effectively a blockchain network can process operations and scale to meet demand. High blockchain efficiency is generally associated with lower transaction costs and improved user experience. Context ∞ Discussions regarding blockchain efficiency are central to the ongoing debate about the scalability of various blockchain protocols. News coverage often highlights upgrades or new consensus mechanisms aimed at enhancing this metric, particularly for platforms supporting a large volume of decentralized applications. The trade-offs between decentralization, security, and efficiency remain a critical area of research and development.
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