CMCGlossary: Mainnet ✨ The main difference between testnets and mainnets is that the former is a blockchain project that is in progress, while the latter involves a completely developed blockchain. ▶️ Details:
to troubleshoot and trial any new features on a blockchain. So, the main difference between testnets and mainnets is that the former is a blockchain project that is in progress, while the latter involves a completely developed blockchain.
A few crucial steps may take place before the mainnet stage. These can include a token sale and giving a product the funding to produce and test features. Once this phase is successfully implemented, the mainnet stage is usually rolled out. This would represent that the blockchain is fully up and running.
Several blockchain startups generally opt to use their own tokens pegged to the Ethereum network during the ICO. These are ERC-20 tokens that are intended to be used solely on Ethereum’s platform. Upon completion of the ICO, the mainnet is released. The mainnet uses a native token rather than the ERC-20. The next stage in the process is known as mainnet swap. This involves a swap between the ERC-20 tokens in return for the new coins on the blockchain. Once the mainnet swap is completed, the old coins are normally destroyed. This is to ensure that only the new coins will be used.
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