How to add the State Channels mainnet to MetaMask.

How to add the State Channels mainnet to MetaMask

State Channels is a Layer 2 scaling solution for the Ethereum blockchain that allows for faster and cheaper transactions. By using State Channels, users can open a channel with another party and transact with them off-chain, without having to pay Ethereum gas fees. Once the channel is closed, the final state of the channel is settled on the Ethereum blockchain.

To use State Channels, you will need to add the State Channels mainnet to your MetaMask wallet. Here are the steps on how to do it:

1. Open MetaMask and click on the "Settings" tab.
2. Click on the "Networks" tab.
3. Click on the "Add Network" button.
4. Enter the following information into the fields:
   • Network Name: State Channels Mainnet
   • New RPC URL: https://rpc.statechain.io/
   • Chain ID: 3
   • Currency Symbol: ETH
   • Block Explorer URL: https://explorer.statechain.io/
5. Click on the "Save" button.

The State Channels mainnet will now be added to your MetaMask wallet. You can now use State Channels to send and receive transactions faster and cheaper.

Here are some additional things to keep in mind when using State Channels:

• State Channels are not compatible with all Ethereum wallets. Make sure that your wallet supports State Channels before using them.
• State Channels can only be used to transact with other parties who are also using State Channels. You will not be able to send transactions to or from parties who are not using State Channels.
• State Channels are still in development. There may be some bugs or issues that can arise when using them.

Overall, State Channels are a promising Layer 2 scaling solution for the Ethereum blockchain. They offer the potential to make transactions faster and cheaper, and they can be used to transact with other parties who are not using State Channels. However, it is important to keep in mind the limitations of State Channels and to use them with caution.