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Protocols

Protocols are set of rules that help in governing the functional rules for communication.

Constantly update knowledge of latest protocols and standards to adopt into systems.

  1. An original draft, minute, or record of a document or transaction
  2. A preliminary memorandum often formulated and signed by diplomatic negotiators as a basis for a final convention or treaty
  3. the records or minutes of a diplomatic conference or congress that show officially the agreements arrived at by the negotiators
  4. A code prescribing strict adherence to correct etiquette and precedence (as in diplomatic exchange and in the military services) a breach of protocol
  5. A set of conventions governing the treatment and especially the formatting of data in an electronic communications system network protocols
  6. A detailed plan of a scientific or medical experiment, treatment, or procedure

Technology​

Protocols are a basic sets of rules that allow data to be shared between computers. For cryptocurrencies, they establish the structure of the blockchain — the distributed database that allows digital money to be securely exchanged on the internet.

What is a crypto protocol?

An agreement that governs the procedures used to exchange information between cooperating entities. More specifically, a protocol is such an agreement operating between entities that have no direct means of exchanging information, but that do so by passing information across a local interface to so-called lower-level protocols, until the lowest, physical, level is reached. The information is transferred to the remote location using the lowest-level protocol, and then passes upward via the interfaces until it reaches the corresponding level at the destination. In general, a protocol will govern the format of messages, the generation of checking information, and the flow control, as well as actions to be taken in the event of errors.

A set of protocols, governing the exchange of information between (physically remote) communicating entities at a given level, and the set of interfaces governing the exchange between (physically adjacent) protocol levels, are collectively referred to as protocol hierarchy or a protocol stack.

Schema​