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crypto-web3intermediateunit-11
Protocol
Definition
A shared set of rules that systems or participants use to interact.
In Plain English
A protocol is like the rules of the road that let different drivers coordinate.
Real-World Example
A crypto protocol defines how transactions, rewards, or governance work.
Why It Matters for Your Work
Protocol rules affect security, incentives, and whether apps can build on top of the system.
Common Mistake
Using protocol as a vague prestige word without explaining the actual rules.
Related Terms
View Smart Contract
Smart Contract
Code on a blockchain that automatically executes rules or transactions.
View DAO
DAO
Decentralized autonomous organization: a group that uses blockchain-based rules or voting to coordinate decisions.
View Crypto Token
Crypto Token
A digital asset issued on a blockchain that can represent value, access, governance, or utility.