Blockchain network

How does a blockchain network work?

Each network runs its own BlockchainBlockchainA public ledger where transactions are grouped into blocks, each linked to the one before, so past records can't be altered without it showing., and nodesNodeA computer that runs a crypto network's software, keeps a copy of the blockchain and checks that new transactions and blocks follow the rules. around the world keep copies of it. Networks don't talk to each other on their own. A transaction on Ethereum doesn't show up on Solana, just as a payment in your online bank doesn't automatically appear at a foreign bank.

Some cryptocurrencies exist on only one network. Bitcoin itself, for example, lives only on the Bitcoin network. Many tokensTokenA digital asset created with a smart contract on another cryptocurrency's blockchain, rather than on a blockchain of its own., on the other hand, are issued on several networks at once. The stablecoin USDC exists on Ethereum, Solana and dozens of other networks.

Why does the network matter?

When you send crypto, the sender and the recipient must use the same network. Ethereum and many related networks, such as Base and Arbitrum, use wallet addressesWallet addressA string of letters and numbers you give out to receive crypto, much like a bank account number. that look exactly alike. If you send USDC on Base to a service that only accepts USDC on Ethereum, the payment can be lost, and it is often hard or impossible to recover.

So:

• Always check which network the recipient supports before you send.
• Send a small test transaction first if you are unsure.
• Remember that each network has its own network feeNetwork feeA fee paid to a crypto network, not to a bank or company, for including your transaction in a block..

On Myntkaup, you can send every supported cryptocurrency except USDC to your own wallet on the coin's native network. Bitcoin goes over the Bitcoin network, and ether over the Ethereum network.