Blockchain technology despite being a disruptive one continues to experience development. Mainnet is an example of this development.
A mainnet is the final product of a Blockchain network for digital products. When a blockchain product is designed, a network is also created to foster the use of that product.
This network is called testnet until it has passed through a series of testing phases that conforms to demands of the intended product, that when deemed fit after these tests is called mainnet.
The testing of these networks is done in a controlled environment called the sandbox. Here, its functionalities and working modalities are tested-run without the risk of disrupting the blockchain itself.
There are other important processes before it gets to the mainnet. Some of them include the token sale where an initial coin offering (ICO) is sold to generate funds or the Initial exchange coin (IEO) where the coins are exchanged for another cryptocurrency.
Once it is released, the ICOs and IEOs are retrieved and destroyed. So the coin in the mainnet is the only one used for transactions in that blockchain.
Wholesomely, a mainnet is a completed blockchain technology while a testnet is progressive blockchain technology, both for the same product.
It provides the value of a cryptocurrency in exchange for fiat currency, the form in which it is usually used for transactions. So, the mainnets role is very important.
The technology around the mainnet makes it easy to monitor the process and progress of the new coin especially when the price is fluctuating, its launch also affects the value of its digital product.
So the launch of the mainnet cannot be trivialized as its success contributes immensely to the success of the entire blockchain process.
Despite the inputs in a mainnet before launch, it doesn’t remain stagnant. There are further upgrades and integrations especially if it is to be relevant, beacause technology stagnancy is the first step towards going obsolete.
Since 2021, there has been anticipation of its launch from different projects. This has increased the level of competition and anticipation.
One of the released mainnet is that from Radix, an offshoot of the DeFi market. Radix launched its betanet in April 2021 with Cerberus consensus algorithm, the core technology.
In July 2021, Radix launched its mainnet Olympia. The Olympia consists of various components riding on their core technology, the Cerberus consensus algorithm.
These components include those launched already and those that will be added progressively.
There’s the Radix Node software, the Radix Engine, an efficient, high-security execution engine that works as DeFi’s version of Ethereum Virtual Machine.
There’s also a token, Radix (XRD) token, a provision for simple token creation is made too. A Radix Wallet, compatible with any tokens issued on the Radix network.
There’s the Radix Explorer, a website for sourcing the list of active validator nodes or state of the ledger. The Instapass and Instabridge are also part of the Radix Olympia.
This is just an example of a mainnet, there are other ones including Uniswap, Theta, Dusk Network among others.
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