Definition ∞ System transparency refers to the degree to which the internal workings and operations of a digital system are observable and understandable to its participants or external observers. In blockchain technology, this often relates to the public and immutable nature of transaction ledgers. It allows for verification of operations and fosters accountability within the system.
Context ∞ System transparency is a foundational characteristic of many blockchain protocols, and discussions frequently revolve around its implications for regulatory compliance and user trust. News reports often analyze the trade-offs between transparency and privacy, particularly concerning the pseudonymous nature of blockchain transactions. The ongoing development of solutions that balance these competing demands remains a critical area of focus.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
