CratD2C Decentralized Autonomous Smart Chain (DASC) on LinkedIn: #mainnet #cryptoschoolcratd2c #cratd2c #smartchain #crypto #cryptocurrency… (2024)

CratD2C Decentralized Autonomous Smart Chain (DASC)

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#MainNetHello from CratD2C team dear community! Today in our Crypto School we’ll talk about MainNET! What is MainNet in Blockchain and Why is It Important?In the blockchain world, you might hear the term "MainNet" a lot. But what does it mean? Simply put, MainNet is the official, live version of a blockchain where real transactions take place. This is different from "TestNet," which is used only for testing and experimenting.❇️Why Does MainNet Come After TestNet?Before a blockchain project goes live on MainNet, it usually starts on a TestNet. The TestNet is like a practice environment where developers can try out their ideas and fix bugs. Once they’re confident that the system is safe and functions as expected, the project is launched on MainNet. This is where it starts handling real transactions with real value.❇️Examples of MainNet Launches:📍Ethereum MainNet: Launched in July 2015, this is where developers could start creating real decentralized applications (dApps) and smart contracts that work automatically.📍Binance Smart Chain (BSC) MainNet: BSC launched its MainNet in September 2020, offering fast and cheap transactions, which made it popular for DeFi (Decentralized Finance) projects.📍Cardano MainNet: Launched in September 2017, Cardano's MainNet was designed with a focus on being sustainable, scalable, and compatible with other blockchains.❇️Why is MainNet Important?Because it’s where a blockchain project becomes real. It’s the point at which the system is ready for real-world use, and any tokens or cryptocurrencies created on it have actual value. For users and investors, a MainNet launch shows that a project is ready to operate seriously and could be worth their attention. In short, MainNet is where a blockchain project really starts to matter, turning from an experiment into a real, working system.When is the CratD2C MainNet launch scheduled? Mark your calendars for October 16th. 😎 Stay tuned!Your Team CratD2C🚀#CryptoSchoolCratD2C #CRATD2C #SmartChain #Crypto #Cryptocurrency #Blockchain #Bitcoin #Ethereum #DeFi #NFT #CryptoTrading #Web3 #CryptoNews #CryptoSchool #CryptoEducation #TestNet #MainNet #DevNet #NewBlockchain

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FAQs

What is CratD2C? ›

CratD2C is a cutting-edge Blockchain employing DPoS consensus on Layer-1, ensuring top-tier security, instant finality, upmost scalability. Dubai, Dubai, United Arab Emirates. Pre-Seed. cratd2csmartchain.io/

What is a smart chain in Crypto? ›

Launched by the cryptocurrency exchange Binance, BNB Smart Chain (BSC), previously Binance Smart Chain, is a blockchain network. It supports smart contracts and decentralized applications (DApps). BSC runs alongside the BNB Chain, previously Binance Chain.

How to make money with smart contracts? ›

How to Make Money with Smart Contracts
  1. Yield Farming: Yield farming involves lending your cryptocurrency to decentralized finance (DeFi) platforms in exchange for interest or rewards. ...
  2. Staking: Many blockchain networks allow users to stake their tokens in exchange for rewards.
Aug 22, 2024

Is chain a good crypto? ›

It's the best decentralized oracle network out there, and should be a prime beneficiary of the growth of DeFi. If you believe the potential for profits outweighs the risks, you could directly buy the LINK token or invest in the Grayscale Chainlink Trust.

How do crypto chains work? ›

A blockchain is “a distributed database that maintains a continuously growing list of ordered records, called blocks.” These blocks “are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

Is Ethereum a smart chain? ›

Ethereum is a decentralized, open-source blockchain system that features smart contract functionality. Launched in 2015, it has since become the leading platform for decentralized applications (dApps), Initial Coin Offerings (ICOs), and token creation through the ERC-20 standard.

Is there a difference between BNB and smart chain? ›

BNB Smart Chain supports EVM-compatible smart contracts and protocols, facilitating cross-chain transfers and other communications. The native token, BNB, is used for smart contract execution and staking. There is no inflation of the BNB token, which means that validators do not earn a block reward.

What is an example of a smart contract in a blockchain? ›

A smart contract is a self-executing program based on if-then logic. Vending machines provide a good analogy. If someone inserts $2 and presses B4, then the machine dispenses the cookies in the B4 slot. In other words, if the vending machine receives the required item of value, then it performs the requested action.

Is Bitcoin a non smart chain? ›

Bitcoin supports smart contracts through its native language 'Script', enabling multiple transaction types to take place. — Script is a purposefully non-Turing complete language and this makes smart contracts on Bitcoin limited in their functionality.

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