🎁 Ace quick missions & <strong>earn crypto rewards</strong> while gaining real-world Web3 skills. JOIN NOW! 🔥
Crypto Terms:  Letter P
Jul 07, 2023 |
updated: Apr 02, 2024

What is Protocol?

Protocol Meaning:
Protocol - is a fundamental collection of instructions that describes network interactions, such as consensus, transaction validation, and network involvement on a blockchain.
easy
1 minute

Don't miss out - BYDFi new user bonus is now LIVE! Join BYDFi & unlock up to $2,000 in rewards. Claim Bonus! 🎁

Let's find out Protocol meaning, definition in crypto, what is Protocol, and all other detailed facts.

A protocol is the basic set of instructions that describe the interactions on a network, typically involving consensus, transaction validation, and network participation on a blockchain.

They construct the design of the blockchain for cryptocurrencies, which is the distributed database management system for digital money to be safely transacted on the internet.