A Federated Protocol is a communication standard or system where multiple independent entities collaboratively maintain a network or service. Unlike a fully decentralized system, participants in a federated protocol often operate with some degree of coordination or shared governance. This arrangement permits distributed operation while retaining certain levels of control or oversight. It offers a balance between centralization and full decentralization.
Context
In the context of digital assets, federated protocols are utilized in certain blockchain interoperability solutions or consortium blockchains. These protocols allow different networks to exchange data or assets under a mutually agreed-upon set of rules. News concerning federated protocols highlights efforts to achieve cross-chain communication and resource sharing, which is vital for building a more connected and efficient digital asset ecosystem.
The integration of curated 'Packs' is a critical product decision, accelerating new user time-to-value and strengthening Mastodon's federated network effects against centralized rivals.
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