Definition ∞ A Public Utility refers to a service or infrastructure considered essential for public welfare and typically subject to governmental regulation due to its critical nature and potential for monopolistic control. These services often include electricity, water, gas, and communication networks. The classification ensures equitable access and reasonable pricing.
Context ∞ In the context of digital assets, there is an ongoing debate about whether certain blockchain networks or decentralized protocols should be classified as public utilities, especially those providing foundational infrastructure for the digital economy. This classification would bring significant regulatory implications regarding access, pricing, and oversight, impacting the future development and operation of such systems.
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