> For the complete documentation index, see [llms.txt](https://docs.kton.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kton.io/protocol-internals.md).

# Protocol Internals

- [Protocol Architecture](https://docs.kton.io/protocol-internals/07-protocol-architecture.md)
- [The Loan and Validator Model](https://docs.kton.io/protocol-internals/08-loan-and-validator-model.md)
- [Round Lifecycle and Timing](https://docs.kton.io/protocol-internals/09-round-lifecycle-and-timing.md)
- [Governance, Roles and Upgrades](https://docs.kton.io/protocol-internals/10-governance-roles-upgrades.md)
- [Payout NFT Receipts (Bills)](https://docs.kton.io/protocol-internals/11-payout-nft-receipts.md)
- [Contract Reference](https://docs.kton.io/protocol-internals/12-contract-reference.md)
- [Live On-chain State and Addresses](https://docs.kton.io/protocol-internals/13-live-onchain-state.md)