Protocols allow decentralization within a system, setting the rules for how a system is governed and maintained through consensus. All nodes agree upon the rules which include a process for validating transactions, a mechanism for nodes to communicate, and an application programming interface (API) to integrate all of the features.<\/p>\n\n\n\n
Every protocol defines rules specific to the goals of the system. For Ethereum, its protocol is based on smart contracts and decentralized finance, and for Bitcoin, it is facilitating transactions between peers<\/a>.<\/p>\n","post_title":"Blockchain Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-protocol","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/what-are-nodes\/\nhttps:\/\/www.thedistributed.co\/what-is-distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/peer-to-peer-p2p\/","post_modified":"2022-08-08 00:26:00","post_modified_gmt":"2022-08-07 14:26:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3713","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
