What is the Ethereum network and how many Ethereum networks are you familiar with?

Category: BlockchainWhat is the Ethereum network and how many Ethereum networks are you familiar with?
Editor">Editor Staff asked 1 week ago

What is the Ethereum network and how many Ethereum networks are you familiar with?

1 Answers
Editor">Editor Staff answered 1 week ago

Ethereum is a blockchain-based distributed computing platform featuring smart contract functionality that enables users to create and deploy their decentralized applications

There are three types of networks in Ethereum:

Live network (main network) – Smart contracts are deployed on the main network
Test network (like Ropsten, Kovan, Rinkeby) – Allow users to run their smart contracts with no fees before deploying it on the main network
Private network – Are those which are not connected to the main network. They run within the premises of the organization but carry the features of an Ethereum network