What Is a Blockchain Network?
A blockchain network is the underlying system that records transactions, secures digital assets, and keeps information synchronized across thousands of computers around the world.
Examples of blockchain networks include:
- Ethereum
- Solana
- Bitcoin
- Base
- Arbitrum
- Other supported Layer 1 and Layer 2 networks
When you send, receive, swap, or manage digital assets in WireUp, you're interacting with a specific blockchain network—not with WireUp itself.
A Simple Way to Think About Blockchain Networks
A helpful analogy:
- The internet connects websites and online services.
- A blockchain network connects wallets, transactions, and smart contracts.
Each blockchain network has its own:
- Rules
- Transaction fees
- Transaction speeds
- Supported assets
- Security model
That's why the same action—such as sending cryptocurrency—can feel different depending on the network you're using.
What Does a Blockchain Network Do?
A blockchain network is responsible for:
- Recording transactions
- Verifying transactions through validators or miners
- Preventing double-spending
- Maintaining a secure, tamper-resistant ledger
- Enforcing the rules of the blockchain
WireUp simply provides a secure and intuitive way to interact with these networks.
Why Networks Matter in WireUp
The blockchain network you choose affects several parts of your experience.
Transactions
Different networks have different:
- Confirmation times
- Network congestion
- Transaction throughput
Once a transaction is confirmed on the blockchain, it generally cannot be reversed.
Network Fees
Every blockchain charges its own transaction fees.
For example:
- Ethereum often uses variable gas fees.
- Solana typically has lower transaction fees.
These fees are paid to the blockchain network—not to WireUp.
Assets
Digital assets are network-specific.
For example:
- A token issued on Ethereum is different from a token with the same name on another blockchain.
- NFTs also exist on specific blockchain networks.
Always make sure you're sending assets on a network supported by both the sender and recipient. Sending assets on the wrong network may result in permanent loss.
Choosing the Correct Network
Before sending or receiving cryptocurrency:
- Confirm the blockchain network.
- Verify the recipient supports that network.
- Double-check the wallet address.
- Review any applicable network fees.
Taking a few extra seconds to verify these details can help prevent irreversible mistakes.
Frequently Asked Questions
Can I send assets between different blockchain networks?
Not directly. Moving assets between different blockchain networks may require a bridge, exchange, or another supported transfer method.
Why are network fees different?
Each blockchain has its own design, transaction volume, and method for processing transactions. These factors determine how network fees are calculated.
Does WireUp control blockchain networks?
No. WireUp is a self-custody wallet that helps you interact with supported blockchain networks, but it does not control or operate them.