What Is Mainnet?
While the testnet is the first working version of a blockchain project, the mainnet is the final product. It is the network that the public will access. This network is the place where users will be able to send and receive digital data and perform cryptocurrency transactions. Creating a blockchain network can take some time, so project teams often run a prototype version of the project on the testnet first. This is because they want to make sure the new platform will work reliably.
Essentially, the swap from testnet to mainnet is when a cryptocurrency project migrates its tokens from one network to another. The new coins will be burned after a specified amount of time. It is important to keep old coins in a cryptocurrency exchange in case they get swapped for new ones. This process can be complicated, so make sure you have support and knowledge to handle swaps. When a blockchain project goes live, it uses the mainnet to establish credibility and value for the project.
The Benefits of the Mainnet
There are several benefits of the mainnet, but most investors aren’t sure what it is and how it is used. The mainnet is the core of a cryptocurrency project and demonstrates its technical progress. In addition to being a major selling point for cryptocurrency, the mainnet can increase the value of a coin significantly. For example, in March 2018, the Lightning Network was launched on the Bitcoin mainnet. In addition to proving the validity of an ICO, the mainnet is the basis for a successful project launch.