Mainnet

A mainnnet is a term to describe the primary blockchain network that a cryptocurrency project will operate.

The mainnet reflects the final product or stage of a cryptocurrency project that can be accessed and used by the general public.

This means that cryptocurrency transactions are being broadcasted, verified, and recorded on blockchain.

In contrast to mainnet networks exists testnets, which describe the state during which a blockchain protocol or network is not yet up and running on its full capacity.

A testnet is used by programmers and developers to test and troubleshoot all aspects and features of a blockchain network before they are sure the system is secure and ready for the mainnet launch.

How ICOs Help Sculpt the Mainnet

Prior to the mainnet of a blockchain is launched, project’s team will install an Initial Coin Offering (ICO), Initial Exchange Offering (IEO), or other strategies to help levy funds and grow community support.

Traditionally, collected funds injected into the project in a bid to develop the prototypes of the blockchain network that are then tested during the testnet phase.

Migration onto the mainnet from the testnet is an act that must be undertaken with great care. Errors in this process can result in a partial or complete loss of funds from the network.

The eventual mainnet launch is a key milestone in a cryptocurrency’s lifecycle.

The launch of the mainnet signifies the moment that a cryptocurrency network is ready to begin acting as a system of value transmission, and has the potential to grow its adoption.

Some of the most significant mainnet launches that occurred in 2018 include the Tron network and the EOS network.