Mainnet

In the context of cryptocurrencies and blockchain technology, a “mainnet” is the term used to describe a fully developed and operational blockchain network. The mainnet is where actual transactions take place in a live environment, and it’s where the cryptocurrency becomes fully usable by the public for real-world purposes.

This is in contrast to a “testnet”, which is a separate blockchain network used for testing and development purposes. Developers can use testnets to run experiments and make changes without risking the integrity of the mainnet. The tokens on a testnet have no real value because they are simply for testing purposes.

Once a cryptocurrency project has been thoroughly tested and vetted, its mainnet launch is typically a significant event. It represents the project’s transition from a mere idea or prototype to a live, functioning product. The release of the mainnet is often anticipated by investors and participants in the community because it signifies that the token is moving from a conceptual stage into a practical, usable asset.

Mainnets can have various structures and use different consensus mechanisms depending on the specific project. Examples of different types of mainnets include Bitcoin’s proof-of-work mainnet, Ethereum’s proof-of-stake, and Cardano’s Ouroboros proof-of-stake mainnet, among others.