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The video explains the significance of HTTP and HTTPS indicators displayed in web browsers when accessing websites. HTTP (Hypertext Transfer Protocol) informs the browser about the protocol and type of content being loaded, predominantly used for websites. While many modern browsers may hide the full HTTP/HTTPS notation, its primary function remains to indicate the nature of the content. Additionally, there are other protocols used by various software programs, such as Chrome and Spotify, which might display different protocol links. Overall, the tutorial highlights the basic functions and relevance of these protocols in web browsing.