Protocol

Protocol in Web3 refers to a set of rules or standards that dictate how interactions, data exchange, and transactions occur within decentralized networks or blockchain-based systems. These protocols govern various aspects such as consensus mechanisms, smart contract functionality, token standards (like ERC-20 or ERC-721), and data transmission across the decentralized web. They play a critical role in establishing the framework for trustless and secure interactions among participants in the decentralized ecosystem.