-Since a protocol is named by a declaration in code, it may conform to (in other words, refine) other protocols and it may be extended. However, when written as the type of a constant or variable such as `let value: MyProtocol`, the name refers to a distinct, non-nominal existential type that provides a "box" for a value of any concrete type that conforms to the protocol. The existential type itself does not conform to any protocols and cannot be extended, and a value cannot be created using the initializer syntax `MyProtocol()`.
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