What is a Mainnet?

With the growing popularity of blockchain-related projects, the term “mainnet” has become a household word for those interested in the field. Today, we’re going to find out what a mainnet is and the technical elements behind it, so that you can better understand this innovative technology. Definition A mainnet is a computer network that enables users to transfer cryptocurrencies and tokens between themselves. A mainnet is completely separate from a testnet, which is a blockchain used by developers to test their applications and services before they go into production. The term “mainnet” was coined by Ethereum founder Vitalik Buterin in 2013. It refers to a blockchain network that has its own native token and enables real, separate transactions of different assets. Characteristics of a mainnet A mainnet is an autonomous blockchain that relies on its own technology and assets. For example, some ERC-20 tokens, such as Shiba Inu, do not have their own mainnet, as they are based on the Ethereum blockchain. However, other cryptocurrencies such as Dogecoin have their own blockchain network, i.e., their own mainnet. Similarly, Ethereum-based decentralized applications (dApps) rely on the Ethereum mainnet. Contrary to popular belief, digital assets hosted on a mainnet, such as Ethereum, generally have value and utility, even if they don’t have their own network. Underlying technology Blockchain The blockchain is the main technical component of the mainnet. It is a distributed blockchain that enables users to carry out secure, decentralized transactions. It should be noted that some projects may choose a proof-of-stake network or even a hybrid system for their mainnet. Network Once the code has been put into production, the technical fundamentalists then work on setting up a stable, efficient network capable of handling the growth in user numbers and transaction volumes. Transactions Transactions play a crucial role in the smooth running of the mainnet. Users can transfer money between themselves, pay fees for using the network and update data stored on the blockchain. Tokens Tokens are another essential part of the mainnet technology package. These digital tokens can be bought and sold by users and generally represent a specific form of value on the market, such as access to a particular application or service. Tokens can also be used as a means of payment to purchase goods or services. Mainnet vs. Testnet: what’s the difference? A mainnet represents an operational blockchain network where the assets it hosts have real value, the end result of the work of cryptocurrency developers. However, it’s important to note that these mainnets undergo regular updates to meet the specific needs of projects and users. Test networks, on the other hand, are designed for developers wishing to improve a mainnet. They enable computer code and applications to be tested without compromising the mainnet and without incurring transaction costs. Mainnet examples Ethereum Mainnet Ethereum is one of the most popular and widely used blockchains for smart contracts and decentralized applications. The Ethereum Mainnet is Ethereum’s main blockchain, where transactions are validated and smart contracts are executed. Binance Chain Mainnet Binance Chain is a blockchain created by Binance, one of the world’s most popular cryptocurrency exchanges. The Binance Chain Mainnet allows users to exchange cryptocurrencies and participate in staking activities. Cardano Mainnet Cardano is a third-generation blockchain that focuses on scientific research and a mathematical proof-based approach. The Cardano Mainnet is Cardano’s main blockchain, enabling users to participate in blockchain governance and create decentralized applications. The mainnet is an important tool for blockchain-based projects and platforms, as it is essential to the creation and management of crypto currencies and digital tokens. Understanding the concept is essential for those wishing to invest in the crypto market.