Protocol
Web3 / blockchain technology
A set of rules and standards that govern how a blockchain network operates, including consensus mechanisms, transaction formats, and network communication. Protocols define how participants interact with the network and how transactions are processed and validated. Examples include the Bitcoin protocol, Ethereum protocol, and various DeFi protocols like Uniswap or Compound. Protocol upgrades can introduce new features or fix security issues, often requiring community consensus.
Category: blockchain technology
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