Mainnet Definition
Mainnet is the primary public blockchain network on which actual transactions take place in the live environment, using real cryptocurrency. The mainnet is the fully developed, final version of the staged development process, where functionality is completed and it is open to the public to send and receive transactions.
Mainnet Key Points
- The mainnet is a fully developed blockchain where actual transactions are recorded.
- It’s the end stage of the development process, other stages include the testnet where testing occurs.
- Transactions on the mainnet use real, live cryptocurrency.
- It is generally open to the public to use for transactions.
What is Mainnet?
After the concept and developmental stages of a blockchain project, the working live version that goes live on the internet is the Mainnet. In other words, it’s the final product. The mainnet can be used by the public to send and receive transactions.
Where is Mainnet used?
Mainnet is used by all functioning blockchain projects. Any individual, developer or business who wish to transact using that particular blockchain’s tokens will use the mainnet.
When is Mainnet used?
Mainnet is used when the blockchain project goes live, i.e., when it transitions from a test network to a live network. It generally comes into operation following the successful completion of extensive testing on various testnets.
Who uses Mainnet?
Cryptocurrency users, businesses and blockchain developers use Mainnet to perform transactions, validate blocks, build applications, and more.
Why is Mainnet important?
Mainnet is crucial because it is where real transactions take place using real cryptocurrencies. It is the live environment where real-world applications are executed, and signifies the final product of a blockchain project.
How does a mainnet work?
Mainnet functions by running the protocols that its creators developed and finalized. It operates as a decentralized peer-to-peer network, validating transactions, recording them on the blockchain, and distributing copies of the register to nodes across the globe. The fact that the data is live and has financial value is its distinguishing characteristic.
