Mainnet
What is Mainnet?
A mainnet is a functioning, distributed digital network that formally functions as the main support system for a specific cryptocurrency. Any blockchain project that wants to be ready for real-world transactions and public usage has to launch a mainnet.
The mainnet, which utilizes real digital currencies and has genuine economic worth, is regarded as the “real” network. On the mainnet, transactions are permanent stored on the blockchain. Any problems or vulnerabilities might significantly affect the value and uptake of the cryptocurrency, so it is required to maintain a stable and reliable mainnet.
Understanding of Mainnet
This network is the hub of activity and the site of transactions that impact the market value of the cryptocurrency operating on the mentioned blockchain. In actuality, each action you do on the mainnet has a financial cost associated with safeguarding it from the intervene. The distributed ledger of the network is the history of mainnet activities or the blockchain, which is the history that is safeguarded by all available resources of the network’s participating parties. Indeed, the first block in this history is regarded as the blockchain’s and its cryptocurrency’s origin.
But how to differentiate mainnet from the other cryptocurrency networks? The mainnet is identified by an ID and regulations that set it apart from testnets. For instance, with Bitcoin, addresses 2 and tb1 are utilized in the testnet, but only addresses 1, 3, and bc1 are permitted to function on the mainnet network.
Latest Social Posts about Mainnet
Latest news about Mainnet
- zkLend, a lending protocol designed for Starknet, has officially launched on the mainnet. The protocol has accumulated over $7 million in TVL within five months since its alpha release, solidifying its leadership position in Starknet’s DeFi ecosystem. Its recent mainnet update includes Multicall Functionality, asset support with wstETH, and collaboration with Cairo VM. zkLend is the maiden money-market protocol to be launched on Starknet, with 17.6% of TVL. The protocol aims to transform the liquidity layer of DeFi, connecting multiple L2 rollups and catering to individual and institutional needs.
- Scroll has officially launched its Mainnet after a 15-month journey, including multiple testnets, rigorous security audits, and open-source collaboration. The company focuses on research, enhancing prover efficiency and developing zkEVM, a scaling solution with lower costs and faster speeds. Scroll aims to offer an EVM-compatible solution, with security being a top priority.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
More articles
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
