A blockchain protocol is a set of rules and standards used to ensure the security, consensus mechanism, transaction processing, and data storage of a blockchain network. It dictates how a blockchain operates, how consensus is reached, and how decentralization is maintained.Core Components of a Blockchain ProtocolConsensus Mechanism 🏛Ensures participants in the network agree on the state of the blockchain and prevents fraudulent activity.Common consensus algorithms include:PoW (Proof of Work)...

A blockchain protocol is a set of rules and standards used to ensure the security, consensus mechanism, transaction processing, and data storage of a blockchain network. It dictates how a blockchain operates, how consensus is reached, and how decentralization is maintained.Core Components of a Blockchain ProtocolConsensus Mechanism 🏛Ensures participants in the network agree on the state of the blockchain and prevents fraudulent activity.Common consensus algorithms include:PoW (Proof of Work)...