Understanding Mainnet
A mainnet refers to an independent blockchain that operates its own network with its unique technology and protocol.
It is a fully functional and live blockchain where its native cryptocurrencies or tokens are actively used.
This distinguishes it from testnets or projects that run on existing popular networks like Ethereum.
Developers utilize testnets to troubleshoot and experiment with new features on a blockchain.
The key difference between testnets and mainnets is that testnets represent blockchain projects that are still in progress, whereas mainnets indicate fully developed and operational blockchains.
Navigating the Path to Mainnet
Before reaching the mainnet stage, several crucial steps are typically undertaken.
These can include conducting a token sale to secure funding for the development and testing of features.
Once these phases are successfully completed, the mainnet stage is typically launched, signifying that the blockchain is fully operational.
The Mainnet Swap Process
During an initial coin offering (ICO), many blockchain startups issue tokens pegged to the Ethereum network.
These tokens, known as ERC-20 tokens, are explicitly designed for use on the Ethereum platform.
Once the ICO is finalized, the mainnet is introduced.
In the mainnet stage, the blockchain employs its own native token, distinct from the ERC-20 tokens.
The subsequent step in the process is referred to as a mainnet swap.
This involves exchanging the ERC-20 tokens for the new coins native to the blockchain.
As part of this swap, the old coins are typically destroyed to ensure that only the new coins are used going forward.