Definition ∞ Blockchain properties refer to the fundamental characteristics that define a blockchain system. These attributes include decentralization, immutability of recorded data, transparency through a distributed ledger, and cryptographic security. Each block of transactions is cryptographically linked to the previous one, forming an unalterable chain. This structure ensures data integrity and resistance to censorship.
Context ∞ The discussion around blockchain properties frequently centers on their implications for security, scalability, and regulatory compliance in digital asset markets. Ongoing debates address how various consensus mechanisms affect these properties, particularly concerning transaction throughput and energy consumption. Future developments aim to optimize these core attributes for broader enterprise and public adoption.
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