Mainnet Is a Blockchain Network, Here's the Explanation!

There are various benchmarks for the success of a Blockchain project, one of which is the mainnet. The mainnet is very crucial for people who want to invest with the ICO or Initial Coin Offering process.

This time, VCGamers will discuss what mainnet is so you can understand more about Blockchain and cryptocurrency investment.

Also Read: 5 Ways of Cryptocurrency Analysis for Beginner Traders

Mainnet definition

Mainnet is the main Blockchain network after passing through the test process, namely the testnet.

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Through the mainnet network, crypto investors can carry out trading transactions such as sending and receiving crypto assets and NFTs.

In simple terms, the main net is a guarantee from the Blockchain developer to investors regarding the seriousness of a project.

Therefore, the final product of a crypto project has the meaning of main net. This makes it mandatory for investors to ensure that Blockchain projects have a main net network.

Before carrying out the fundraising method or ICO, investors must ensure various things, one of which is ensuring that there is a main net network.

Also Read: 5 Advantages of Blockchain, Must Know!

How Mainnet Works

What is Mainnet How it Works — Illustration of How Mainnet Works. Source: Al-Fanar Media

Blockchain developers will set up various other methods such as Initial Exchange Offering or IEO, Initial Coin Offering or ICO, and other methods to raise funds and build community.

The funds that have been reached will be used as a testing stage, namely the testnet. This process must be carried out in order to develop the mainnet Blockchain prototype.

After that, the developer will make an announcement regarding the release of the mainnet version of Blockchain. This means that the project from the developer has been completed and the general public can enjoy the Blockchain project.

Also Read: How NFT Art Works in the Blockchain World

Role in Cryptocurrency

What Is Mainnet Crypto — Crypto illustration. Source: Kanchanara via Unsplash

There is a role for the development of main net functions and features for the cryptocurrency world, namely increasing the price of crypto projects. It can be a solution to get considerable success.

After that, there was an impact from repairs to the main net, one of which was Bitcoin assets which increased greatly after upgrading or repairing the main net.

As an example of the impact of the main net on cryptocurrency, you can see the Lightning Network case. Lightning Network is the main net network that has an important role in increasing prices Bitcoins.

The Lightning Network helps Bitcoin become a more scalable crypto asset with its per-second transaction handling features. So, upgrading the Lightning Network could give a price increase to Bitcoin.

However, it is not only the main net network that is a factor in the success of a crypto asset. There are other factors such as positive trends and market conditions that can affect the price of crypto assets.

Mainnet example

Currently, there are various main nets that have been officially released and implemented for the wider community, for example the Ethereum Mainnet.

Ethereum Mainnet is the main net which is quite popular because of the usefulness and advantages available. One of them is that the network helps developers when developing decentralized applications that generate a number of types of dApps.

The second example is VeChains. The project aims to build integration between Blockchain and the Internet of Things with a transparent network that is trust-free.

Thus the discussion about what Mainnet is.

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$VCG Tokens has been officially registered at Bappebti or the Commodity Futures Trading Supervisory Agency and the Indonesian Ministry of Trade as crypto assets traded on the physical crypto asset market.

Currently, $VCG Token has been listed on various CEXs or Centralized Exchanges and DEXs or Decentralized Exchanges namely Pancakeswap, Uniswap, BitMart and Indodax.

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Follow along Update $VCG Token only in VC News.