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

Post a Comment

Popular posts from this blog

Tor proxy on Electrum, what does Port: 9150 and 9050 mean?

Tor proxy on Electrum, what does Port: 9150 and 9050 mean? The first time that i installed Electrum i navigated to Tools->Network->Proxy i saw there a checkbox "Use Tor proxy on port 9050", i had a problem with my OS so i had to reinstall my OS, Electrum and Tor, and now instead of "port 9050" it's "port 9150". I think that it's because i'm using the Tor Bundle, as said on this electrum docs , downloaded from here: https://www.torproject.org/projects/torbrowser.html.en#linux i want to know what is the difference between the port "9050" and "9150". And if i'm fine using the "9150". https://ift.tt/2T0EvmY
Read more

Is there any python library could be used to decodescript in output

Is there any python library could be used to decodescript in output For example decode the ScriptPubKey like 4104678afdb0fe5548271967f1a67130b7105cd6a828e03909a67962e0ea1f61deb649f6bc3f4cef38c4f35504e51ec112de5c384df7ba0b8d578a4c702b6bf11d5fac to some data like this { "result": { "asm": "04678afdb0fe5548271967f1a67130b7105cd6a828e03909a67962e0ea1f61deb649f6bc3f4cef38c4f35504e51ec112de5c384df7ba0b8d578a4c702b6bf11d5f OP_CHECKSIG", "reqSigs": 1, "type": "pubkey", "addresses": [ "1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa" ], "p2sh": "3DjjKyU38gSfuVxajV43MUy4vHkg1JVL7T" }, "error": null, "id": null } In general, something like the function in decodescript rpc. http://chainquery.com/bitcoin-api/decodescript https://ift.tt/2PH91gl
Read more

Lightning network (lnd): What's the best way to report lnd server issues/ask for help with channels that won't close?

Lightning network (lnd): What's the best way to report lnd server issues/ask for help with channels that won't close? I've been running a lnd/bitcoind node (mainnet) for a few months now. I had a couple open channels, made a couple purchases, things seemed pretty stable. But then I moved cross country, and in the process backed up my server and restored my drives to a new machine with a different IP (I might have lost about 3-4 days worth of data in the process). But now neither of my channels seem willing to close (they've been stuck with a decently sized limbo balance in the 'waiting_close_channels' state for like two weeks now). How do I properly report an issue? What site should I use? What log files need to be available? What other information should I provide? Thanks! https://ift.tt/2BwmcMl
Read more