Protocol Layer

« Back to Glossary Index

A protocol is usually a set of rules that defines the interactions on a network. It usually involves the transaction, consensus,validation and the network participation on a blockchain. A protocol layer on the blockchain is defined as the set of rules and processes that governs the method in which the network will operate. The developers can extend this layer in the bid to create new rules for their blockchain networks. Additionally, they can also design the new transactions as well as the smart contracts that abide by the rules of their blockchain.

« Back to Glossary Index

Check Also


Flow Gains Continue After Partnership With Instagram

« Back to Glossary IndexFlow Blockchain recently secured a partnership with a Meta-owned social media …