Blockchain Protocol: Everything You Need to Know

The world is increasingly switching to cryptocurrencies as a means of trade. A particular study shows that up to 19% of the global population bought them as of 2019. For those familiar with cryptocurrencies, terms like decentralized currency or blockchain protocols are more common.  Protocols, as used in computers, are the set of rules governing data exchange between the devices. This article shall expound more on the protocol terminology as used in blockchain and thus cryptocurrencies at large. Definition of…