Definition ∞ A Crypto Protocol is a set of rules and standards that govern the operation of a decentralized network or digital asset. These protocols dictate how transactions are validated, how new units of currency are created, and how the network maintains security and consensus. They form the foundational architecture upon which cryptocurrencies and blockchain applications are built.
Context ∞ The ongoing development and upgrade of Crypto Protocols are subjects of constant news and analysis within the digital asset space. Discussions frequently center on protocol upgrades designed to enhance scalability, security, and functionality, such as moving from Proof-of-Work to Proof-of-Stake consensus mechanisms. The successful implementation of these changes, alongside the emergence of novel protocol designs, directly impacts the performance and adoption of associated digital assets.
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