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What is a blockchain protocol

What is a blockchain protocol

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Why Are Protocols Essential for Blockchains.

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Explainer Video for Blockchain Protocol - 2D and 3D Mixed Animation - Novum Protocol
Blockchain protocols are the underlying rules, guidelines, and algorithms that define and control the functioning of a blockchain network. Protocols allow cryptocurrencies to be decentralized via the blockchain � which means they are spread across a network of computers with no central hub or. Blockchain protocols are a set of protocols used to govern the blockchain network. The rules define the interface of the network, interaction.

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Build a Authentication Using Blockchain. Vote for difficulty :. Some examples of consortium blockchains include Quorum and Hyperledger. Retrieved 13 May They enable transactions to be conducted without the need for a trusted central authority, ensuring that the network is decentralized.