Public protocol refers to a set of rules and standards that govern the operations of a blockchain network. These protocols are open and accessible to anyone, allowing users to interact with the network without requiring permission from a central authority.One of the key features of public protocols is their transparency. Transactions are recorded on a public ledger, making it easy for anyone to verify the information. This fosters trust among users, as the decentralized nature reduces the risk of manipulation.Public protocols enable various applications, including cryptocurrencies like Bitcoin and Ethereum. They allow users to send and receive digital assets, execute smart contracts, and participate in decentralized finance (DeFi) ecosystems. Moreover, developers can build new tools and services on top of these protocols, creating a diverse ecosystem. As a result, public protocols play a crucial role in promoting innovation and collaboration, ensuring that the technology remains open and inclusive.