Crypto Terms: Letter P

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.
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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.