Why Does Blockchain Require a Protocol?
It plays a vital role because it describes how nodes in the network communicate, achieve consensus, and validate transactions.
- It maintains the core principle of the blockchain network.
- The protocol outlines the rules that govern the creation, validation, and addition of new blocks to the network and ensures a secure and transparent decentralized system.
Difference between Various Blockchain Protocols
The blockchain protocol is a set of rules and standards that define the structure and operations of the network on the principles of decentralization, immutability, and peer-to-peer communication.