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Dexlock builds end-to-end blockchain software and blockchain-based products, from smart contracts to dApps and DAOs. Our Blockchain developers with immense expertise can build indestructible distributed ledgers that augment digital currency in an agile development process.
Mainnet
A mainnet is an independent blockchain running its own network with its own technology and protocol. It is a live blockchain where actual transactions take place on a distributed ledger, a completely developed blockchain.
Ethereum Mainnet
Ethereum Mainnet is an open-source, blockchain-based distributed computing platform featuring smart contract functionality. This primary public Ethereum Mainnet allows anyone to deploy permanent and immutable decentralized applications on it. Many other cryptocurrencies operate on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.
Testnet
Testnet is an alternative blockchain, where decentralized applications and EDCCs get tested and developed. Programmers use testnet to troubleshoot and trial any new features on a blockchain. The easiest way to tell the difference between testnet and the mainnet is to compare the address.
Rinkeby
Rinkeby is an Ethereum test network that allows blockchain development testing before deployment on the Mainnet. It uses the Clique PoA consensus protocol, hence makes use of different consensus mechanisms to the mainnet. Rinkeby, being PoA, is run by centralized nodes which can be taken down whenever required.
Kovan
Kovan is a free, fast Ethereum test network that allows blockchain development testing before deployment on Mainnet. It uses the AuRa (authority round) consensus mechanism created and maintained by a consortium of Ethereum developers to aide the Ethereum developer community. It is reliable, stable, excellent for public testing, and immune to spam attacks.
Language
Blockchain is synonymous with security as tampering with these blocks is next to impossible. Like any other application, blockchain is developed using multiple programming languages. Top programming languages for Blockchain Development give developers an edge over others.
Vyper
Vyper is a general-purpose, contract-oriented, pythonic programming language that targets the Ethereum Virtual Machine. Vyper is designed to simplify the process to build easy-to-understand Smart Contracts. Vyper looks similar to Python, but without many of the Object-Oriented Programming paradigms.
Solidity
Solidity is an object-oriented, high-level language and is the foundation of the Ethereum network. Solidity was developed by Ethereum with a primary goal of helping developers create Blockchain networks over their platform. It is influenced by C++, Python, JavaScript, and is designed to target the Ethereum Virtual Machine. We can develop decentralized apps and contracts with Solidity for use cases like crowdfunding, blind auctions, and multi-signature wallets.
Web 3.0
Web 3.0 is the third generation of the Internet, it is a decentralized and fair internet where users control their data and identity. It provides us with an API to effortlessly work with blockchain. Web3.js is the official library from the Ethereum foundation that serves the finest way to develop an application that interacts with the Ethereum blockchain's JSON RPC via HTTP.
OpenZeppelin
OpenZeppelin is an open-source framework for building secure smart contracts and reduces the risk associated with decentralized finance (DeFi) projects. It is designed for easy collaboration and auditing. With OpenZeppelin, we can model simple business rules with code, turning basic components of an organization into software.
DeFi
DeFi is short for “decentralized finance,” a blanket term for diverse financial applications in the blockchain. DeFi applications provide a broad array of financial facilities without the demand for typical financial mediators like brokerages, exchanges, or banks. In order to create a decentralized financial system, the first requirement is an infrastructure for programming and running decentralized services, and the second is making use of a stablecoin as cryptocurrencies are non-volatile.
