Open Protocol

Definition ∞ An open protocol is a set of rules and standards for communication and interaction that is publicly accessible and typically developed collaboratively. These protocols allow anyone to build compatible applications and services without requiring special permissions or proprietary licenses. They promote interoperability, innovation, and decentralization within digital ecosystems. Open protocols are foundational to the internet and blockchain technologies.
Context ∞ Open protocols are a core tenet of the decentralized web and the cryptocurrency ecosystem, enabling permissionless innovation and broad participation. The discussion often concerns the governance and evolution of these protocols, ensuring they remain open and adaptable to future needs. The ongoing success of decentralized applications heavily relies on the continued development and adoption of robust open standards.