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Crypto Terms:  Letter P
Jun 19, 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.
1 minute

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.