WebAssembly Protocol refers to a technology that allows developers to run code more efficiently in various environments, including blockchain networks. It transforms high-level programming languages, like C or Rust, into a low-level binary format that can be executed swiftly by different platforms.In the cryptocurrency space, this protocol enhances smart contracts and decentralized applications (dApps). By enabling faster execution and compatibility across multiple blockchain systems, it can improve user experience and scalability.WebAssembly also supports developers by allowing them to use familiar programming languages, reducing the learning curve. This can lead to a more diverse set of applications and services within blockchain ecosystems, fostering innovation.Ultimately, the WebAssembly Protocol contributes to the overall performance and versatility of blockchain technology, making it easier for developers to create robust applications that can interact across various platforms.