Protocol Standards

Definition ∞ Protocol standards are established sets of rules and guidelines that govern how data is transmitted and managed across networks. These standards ensure compatibility and interoperability between different systems and applications. Adherence to protocol standards is crucial for the reliable functioning of digital communication and decentralized technologies. They form the bedrock of many technological infrastructures.
Context ∞ Protocol standards are central to the development and adoption of blockchain technology and digital assets. News frequently reports on the creation, ratification, or implementation of new standards, such as ERC proposals, that dictate how tokens or smart contracts should behave. The evolution and acceptance of these standards directly impact the scalability, security, and interoperability of crypto networks.