What are protocols in Crypto? What are token protocols?

What are protocols in Crypto? What are token protocols?

I understand how Consensus protocols work. They are essentially rules that nodes follow in order to validate transactions and blocks. It seems as if all tokens are their own protocols.

So what are protocols, and protocol tokens?

If DogeCoin and Litecoin are forks of Bitcoin, does it mean they are using the Bitcoin Protocol? Or do they have their own blockchain?

https://ift.tt/2twqJc8

Comments

Popular posts from this blog

What exactly is a block?

how a system based on a blockchain would deal with exponential growth of informations carried in it?

Do extra hop channels in a BOLT#11 invoice need to exist on chain?