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Security Mechanism

Definition

A security mechanism is a system or protocol designed to protect information and assets from unauthorized access or damage. In the context of digital assets and blockchain technology, these mechanisms include cryptographic techniques, consensus protocols, and robust access controls that safeguard network integrity, transaction validity, and user funds. Examples range from private key management and multi-factor authentication to smart contract audits and decentralized governance structures. Effective security mechanisms are essential for mitigating risks like hacking, fraud, and network attacks, ensuring the trustworthiness of digital systems.