9. What are the essentials of a Blockchain Protocol?

All blockchain protocols rely on digital, decentralized, and distributed ledger models where the trust comes from the network itself. The designing principles of a blockchain include:

• Network integrity
• Distributed power
• Value as an incentive
• Security
• Privacy
• Inclusion

Blockchain incorporates all of the above-mentioned principles by design. You wouldn’t need to emphasize improving the privacy or security of the blockchain, as it would have these properties innately. The trust protocol depends on the mass collaboration of people. This collaboration comes from the individual interest derived by the incentives that blockchain offers to the miners.