what is blockchain protocol

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A blockchain protocol is a set of rules and standards that govern how a blockchain network operates. It specifies how transactions are created, verified, and recorded on the blockchain, as well as how new blocks are added to the chain. The protocol also defines the consensus mechanism used to validate transactions and ensure the network operates securely and transparently.

A blockchain protocol is designed to be decentralized, meaning that it operates without the need for a central authority or intermediary. Instead, transactions are validated by a network of nodes, each of which maintains a copy of the blockchain ledger. This distributed architecture ensures that the network is highly resilient and resistant to attack, as there is no single point of failure.

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what is blockchain protocol