Autonomous Protocols

Definition ∞ Autonomous Protocols are self-executing sets of rules or instructions deployed on a blockchain that operate without continuous human oversight. These protocols are typically governed by smart contracts, executing predefined actions when specific conditions are met. Their design minimizes the need for centralized intermediaries, fostering trustless interactions within a digital environment.
Context ∞ In crypto news, autonomous protocols are frequently discussed in the context of decentralized finance (DeFi) and decentralized autonomous organizations (DAOs). Their security and governance mechanisms remain central topics, particularly concerning potential vulnerabilities or the effectiveness of community-driven decision-making. The stability and reliability of these protocols are crucial for the long-term viability of many digital asset ecosystems.