Definition ∞ Traceability refers to the ability to follow the history and location of an asset or transaction through a system. In the context of blockchain, this often pertains to the transparent and immutable record of transactions, allowing for the verification of ownership and movement of digital assets. This characteristic is fundamental to the integrity of distributed ledgers.
Context ∞ The inherent transparency of many blockchain systems allows for a high degree of transaction traceability, which has implications for regulatory compliance and anti-money laundering efforts. Discussions frequently arise regarding the balance between this transparency and user privacy. News coverage often highlights how traceability features are utilized in investigations or for auditing purposes within the digital asset space.
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