Model Verification

Definition ∞ Model verification is the process of confirming that a computational or algorithmic model accurately represents the system it is intended to simulate. It ensures that the model’s outputs are reliable and consistent with real-world conditions or theoretical expectations. This validation is crucial for the trustworthiness of predictions and analyses derived from the model.
Context ∞ In the context of digital assets and blockchain, model verification is increasingly important for assessing the security and economic soundness of smart contracts and decentralized protocols. Discussions often focus on formal verification techniques to mathematically prove the correctness of code and algorithmic behavior. The challenge lies in developing scalable and efficient methods for verifying complex decentralized systems.