A memory device includes an address protection system that facilitates the ability of the memory device to interface with a plurality of processors operating in a parallel processing manner. The protection system is used to prevent at least some of a plurality of processors in a system from accessing addresses designated by one of the processors as a protected memory address. Until the processor releases the protection, only the designating processor can access the memory device at the protected address. If the memory device contains a cache memory, the protection system can alternatively or additionally be used to protect cache memory addresses.