Properties

Definition ∞ Properties are characteristics or attributes that define a digital asset or system. These can include factors like scarcity, divisibility, transferability, and immutability. Understanding these properties is essential for assessing an asset’s utility and value.
Context ∞ The discussion around digital asset properties often pertains to their legal classification and economic implications. Debates arise concerning the unique properties of non-fungible tokens (NFTs) versus fungible tokens, and how these attributes affect their market dynamics and regulatory treatment. The interplay of these properties shapes the design and functionality of decentralized applications.