Protocol Categories

Why do we need Protocol Category?

Understanding the evolving landscape of protocol categories empowers investors to make informed decisions. As trends shift and technology advances, staying updated on the latest developments ensures that your investment strategy aligns with the dynamic nature of the blockchain space. Always conduct thorough research and consider consulting with financial experts before making investment decisions.

Popular Protocol:

• Blockchain Protocols: The Foundation of Decentralization

  Blockchain protocols are the bedrock of decentralized systems, ensuring security, transparency, and immutability. Categories include::

  a. Smart Contract Platforms
  Examples: Ethereum, Binance Smart Chain

  b. Proof-of-Stake (PoS) Protocols
  Examples: Cardano, Polkadot

  c. Directed Acyclic Graph (DAG) Protocols
  Examples: IOTA, Nano

• DeFi Protocols: Empowering Financial Inclusion

  Decentralized Finance (DeFi) protocols aim to recreate traditional financial systems on the blockchain, providing inclusive and permissionless financial services.

  a. Decentralized Exchanges (DEX)
  Examples: Uniswap, SushiSwap

  b. Lending and Borrowing Protocols
  Examples: Aave, Compound

  c. Synthetic Asset Protocols
  Examples: Synthetix

• NFT Protocols: Transforming Digital Ownership

  Non-Fungible Tokens (NFTs) have taken the digital world by storm, representing unique ownership of digital assets.

  a. Art and Collectibles Platforms
  Examples: OpenSea, Rarible

  b. Gaming Protocols
  Examples: Axie Infinity, Decentraland

  c. Intellectual Property Protocols
  Examples: Ethernity Chain