What is Mainnet?
Until now the value of cryptocurrency or the price of cryptocurrency is very difficult to predict, but there are several key components / factors important to determine the success of a blockchain project. One of the biggest factors is technology. Although investors themselves do not need to know about how the technical details of a project. Testnets can show a sort of prototype that works for blockchain projects. However, mainnet is an even more important aspect in assessing the implementation of cryptocurrency in the real world. In this article, we will discuss everything you need to know about mainnet.
So how does mainnet help certain investors or cryptocurrency users? From an investor perspective, mainnet proves that a project is making technical progress. Even if you don't want to invest in a project before launching mainnet, it's important to realize how mainnet can have a positive (or even potentially negative) impact on the value / price of cryptocurrency. Many investors choose to buy cryptocurrency before the mainnet happens, because when a successful mainnet launch can usually cause a very significant increase in value / price.
However, other factors such as overall market trends and adoption in the real world are the same, if not more important to consider. Regardless of whether the initial mainnet version is considered successful or not, it is important to remember that mainnet continues to extend with new iterations, making cryptocurrency projects more innovative and functional over time.
What is Mainnet?
Basically, every blockchain project has mainnet. So what does that mean? Simply put, Mainnet is a blockchain that actually performs the function of transferring digital currencies from sender to receiver. This is very different from testnet, which is basically just a test of the functionality of the transaction. The easiest way to interpret it is testnet, which is a prototype that shows the potential capabilities of a project. Meanwhile, Mainnet is the actual "final product", which is publicly available for use. However, like the testnet or code framework, mainnet can be changed every time the project team or the open source cryptocurrency community decides there is a need for updates or revisions.Should I Invest in a Project Without Mainnet?
Although it might be ideal that all projects already have mainnet released at the time of the ICO, this rarely happens. In fact, many projects did not even have a testnet prepared during the ICO period. In terms of fundraising, many blockchain projects have been able to raise sufficient capital based on potential use cases / problems, technical concepts, and other factors such as the team behind the project and partnership. Often, teams use a lot of funds from their ICO to build testnet and mainnet versions of their projects.So how does mainnet help certain investors or cryptocurrency users? From an investor perspective, mainnet proves that a project is making technical progress. Even if you don't want to invest in a project before launching mainnet, it's important to realize how mainnet can have a positive (or even potentially negative) impact on the value / price of cryptocurrency. Many investors choose to buy cryptocurrency before the mainnet happens, because when a successful mainnet launch can usually cause a very significant increase in value / price.
How Does Mainnet Launch Affect Price?
Does successful mainnet correlate with higher price values than given cryptocurrency? Not necessarily. It is also important to understand the market context. To get a better understanding.Conclusion About Mainnet
Mainnet is an important factor because they prove or deny the project's ability to take a blockchain project from ideation to implementation. Although the initial release of a mainnet does not always provide good insight into the overall progress of the project, this is an important technical aspect to consider when investing in cryptocurrency. As seen in many cases in the past, it is difficult to know for certain what the effect of mainnet has on short-term price changes. However, they show the potential for better overall functionality.However, other factors such as overall market trends and adoption in the real world are the same, if not more important to consider. Regardless of whether the initial mainnet version is considered successful or not, it is important to remember that mainnet continues to extend with new iterations, making cryptocurrency projects more innovative and functional over time.
