Decentralized Protocol A decentralized protocol is a set of rules that govern the operation of a decentralized network, enabling peer-to-peer interactions without the need for central authorities. These protocols are built on blockchain technology, ensuring transparency, security, and autonomy for users. Decentralized protocols are widely used in applications like cryptocurrency transactions, decentralized finance (DeFi), and supply chain tracking. By eliminating intermediaries, these protocols reduce costs, increase efficiency, and promote trust within decentralized ecosystems, offering users greater control over their data and assets. https://www.debutinfotech.com/blog/top-defi-protocols