Let’s talk about public blockchains and the blockchain trilemma.
Different public blockchains choose different consensus mechanisms and design trade-offs, so their block times, confirmation speeds, and transaction fees vary.
To be honest, I only learned this later: when transferring between different public blockchains, make sure you’ve selected the right network. The same token often has a separate contract on each chain.
$ETH is the native currency of Ethereum, a Layer 1 public blockchain, and is used to pay for gas and staking.
It’s best to only put in money you can afford to lose.
Different public blockchains choose different consensus mechanisms and design trade-offs, so their block times, confirmation speeds, and transaction fees vary.
To be honest, I only learned this later: when transferring between different public blockchains, make sure you’ve selected the right network. The same token often has a separate contract on each chain.
$ETH is the native currency of Ethereum, a Layer 1 public blockchain, and is used to pay for gas and staking.
It’s best to only put in money you can afford to lose.
