Blockchain networks explained

When sending or receiving cryptocurrency, every transaction happens on a blockchain network. Choosing the correct network is essential to ensure that your funds are transferred successfully.

What is a blockchain network?

A blockchain network is the decentralized system that validates, processes, and records cryptocurrency transactions.

Each network:

• validates transactions;
• groups them into blocks;
• permanently records them on the blockchain ledger.

Different cryptocurrencies operate on different blockchain networks.

For example:

• Bitcoin (BTC) operates on the Bitcoin network.
• Ethereum (ETH) and many tokens (such as ERC-20 tokens) operate on the Ethereum network.
• Cardano (ADA) operates on the Cardano network.
• Ripple (XRP) operates on the XRP Ledger network.
• Solana (SOL) operates on the Solana network.

Each network has its own:

• transaction speed;
• network fees;
• confirmation time.

Supported networks on Safe2transact

Safe2transact supports transactions on several major blockchain networks, including:

Asset	Blockchain network
Bitcoin (BTC)	Bitcoin
Ethereum (ETH)	Ethereum
Cardano (ADA)	Cardano
Ripple (XRP)	XRP Ledger
Solana (SOL)	Solana
EURR (Stablecoin)	Ethereum

Using the correct network ensures your funds are processed correctly.

Why choosing the correct network matters

When sending crypto, the network used by the sender must match the network supported by the receiving wallet.

If the wrong network is used:

• the funds may not appear in the destination wallet;
• the transaction cannot be reversed;
• the funds may be permanently lost.

Always verify both the asset and the network before confirming a transaction.

How network choice affects your transaction

Different blockchain networks behave differently.

Transaction speed

Each network confirms transactions at different speeds.

Typical examples:

• Bitcoin: usually around 10 minutes per block.
• Ethereum: usually seconds to minutes depending on network activity.
• Solana: often seconds.
• XRP Ledger: typically seconds.
• Cardano: usually a few minutes.

Network congestion can affect confirmation times.

Network fees

Every blockchain transaction requires a network fee, which is paid to validators or miners.

Fees depend on:

• network demand;
• transaction size or complexity;
• current network congestion.

Because of this, fees may fluctuate over time.

Tips to avoid network mistakes

Before sending cryptocurrency:

✔ Verify the correct blockchain network.
✔ Confirm the destination wallet address.
✔ Ensure the asset is supported by Safe2transact.
✔ If unsure, send a small test transaction first.

Once a transaction is sent to the blockchain, it cannot be reversed.