A Key Protocol refers to a set of rules and procedures used to manage cryptographic keys, which are essential for secure transactions and data exchanges. In the context of blockchain and digital currencies, these protocols ensure that keys used for signing and decrypting information are created, stored, and shared securely.The two main types of keys are public keys and private keys. Public keys can be shared freely and are used to receive funds, while private keys must be kept secret as they enable the owner to access and manage their assets. Key Protocols help maintain the integrity of these keys and their associated transactions.Key management systems often include techniques for generating strong keys, securely storing them, and facilitating key recovery in case of loss. By adhering to a standard protocol, systems can enhance security, reduce vulnerabilities, and provide a consistent approach to handling cryptographic keys across various applications, ensuring that users’ assets are protected.