The Go-Back-N (GBN) protocol is a sliding window protocol used in networking for reliable data transmission, ensuring that lost or corrupted packets are retransmitted as part of the Automatic Repeat Request (ARQ) systems. It features a sender window size which increases with 'n' and a receiver window size fixed at one, necessitating that the sender goes back to the last unacknowledged packet when a loss is detected. The protocol relies on acknowledgments to confirm successful packet reception before further transmissions can occur.