Mainnet refers to the main network of a blockchain where transactions take place and where the actual working version of a cryptocurrency operates. It is the platform that supports the full functionality of the project’s features and capabilities after successful testing on a testnet.When developers create a blockchain project, they often begin with a testnet. This allows them to experiment and debug without risking real assets or causing disruptions. Once they have validated the system and ensured it functions as intended, they launch their mainnet, enabling real transactions and interactions with genuine assets involved.Users can transfer funds, execute smart contracts, and develop decentralized applications on a mainnet. It is considered stable and secure and has its own native currency or token, which is often used to pay for transaction fees and other network services. Operating on the mainnet ensures that all transactions are recorded on a permanent, immutable ledger, providing transparency and integrity for all users involved.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to