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


eToro Review: A Guide To Trading On The Popular Platform

If you’re looking to invest in the stock market or cryptocurrency, eToro might be the …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.