Standard

Definition ∞ A standard is an established norm or requirement that provides a basis for agreement. In technology, standards ensure interoperability and consistency across different systems and applications. They are crucial for the widespread adoption and reliable functioning of digital ecosystems.
Context ∞ The establishment and adherence to standards are critical for the development of a cohesive digital asset market. Discussions frequently revolve around the creation of industry-wide standards for token issuance, security protocols, and data reporting. The absence or divergence of standards can lead to fragmentation and hinder broader market participation.