Definition ∞ Blockchain protocols are the foundational rules and algorithms that govern how a decentralized network operates. These protocols dictate transaction validation, data structure, and consensus mechanisms. They provide the architectural blueprint for all activities occurring on a specific blockchain.
Context ∞ Discussions surrounding blockchain protocols frequently appear in crypto news, especially concerning network upgrades or the launch of new platforms. The effectiveness and security of these underlying systems directly impact the utility and adoption of digital assets. Ongoing advancements in protocol design address scalability, efficiency, and interoperability challenges across the decentralized landscape.
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