The Precision Time Protocol (PTP) is a network protocol used to synchronize clocks throughout a computer network. It is designed to achieve high accuracy in timekeeping, often within the sub-microsecond range. PTP is particularly useful in applications that require precise timing, such as in telecommunications, financial trading, and industrial automation. PTP operates by using a master-slave hierarchy, where a master clock sends timing information to slave clocks. This allows devices to adjust their clocks based on the master’s time. PTP is defined in the IEEE 1588 standard and is widely adopted in various industries for its efficiency and precision.