Cryptocurrency Q&A What is the main purpose of a protocol?

What is the main purpose of a protocol?

Maria Maria Tue Sep 24 2024 | 7 answers 1570
Could you elaborate on the primary objective of a protocol in the realm of cryptocurrency and finance? How does it serve as a foundational element in ensuring the smooth functioning of these systems, and what specific roles does it play in securing transactions, maintaining network integrity, and fostering interoperability among various blockchain-based platforms? Understanding the essence of a protocol's purpose is crucial for navigating the complexities of this rapidly evolving industry. What is the main purpose of a protocol?

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