Hazard Normalized Model

Definition ∞ A Hazard Normalized Model is an analytical framework that adjusts risk assessments by accounting for the varying probability and impact of different hazardous events. This model standardizes risk metrics across diverse scenarios, allowing for more accurate comparisons and informed decision-making regarding potential threats. It provides a consistent basis for evaluating exposure to adverse conditions.
Context ∞ In the realm of digital asset security and protocol stability, Hazard Normalized Models are essential for evaluating the resilience of blockchain systems against various attack vectors and operational failures. Discussions often focus on developing comprehensive models that incorporate both technical vulnerabilities and economic incentives that could lead to system compromise. A critical future development involves applying these models to predict and mitigate risks in complex decentralized finance (DeFi) protocols, enhancing overall system security.