Protocol

A shared set of rules that defines how participants in a system communicate and interact. In Web3, "protocol" often refers to the foundational rules of a blockchain or application (such as a lending protocol), much as internet protocols govern how computers exchange data.

FreeExplained in Chapter 2: A Reader's Primer: Computers, Networks, and Software in Plain Language

More terms

Proof of stake (PoS)Proof of work (PoW)Pseudonymity Public key

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