coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

Protocol

By CoinGecko | Updated on Mar 03, 2020
The set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain.

Share this with a friend!

Related Terms

Lightning Network
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.
Open/Close
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day.
Cryptocurrency
A form of digital currency that utilizes cryptographic protocols to record ownership and prevent counterfeiting
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.