Oct 20, 2021
🍀What is mainnet?
Mainnet is an abbreviation for Main Entwork. You must have heard the term ‘mainnet launch’ a lot, but we are building an independent ecosystem after using other platforms. We can see the technology to build an independent ecosystem through the mainnet.
🍀So, is it good for all coins to have a mainnet?
Not all coins are oriented towards the mainnet. There are coins that leverage existing platforms as needed.
- When referring to mainnet coin A and non-mainnet coin B, A does not necessarily have to have a higher value than B.
🍀Does Mainnet Increase Coin Value?
The mainnet must also be supported by sufficient technology, so it is often perceived as a good thing in terms of the technical part or the coin itself, but whether or not it actually affects the market price depends on the market situation.
🍀Mainnet procedure
<Basic procedure>
1.ICO public offering
-Take the concept of the development application and borrow the DAPP platform that suits your style
*Platform: Ethereum, Quantum, Neo, Arthur, Risk, etc.
2. Initial development (token)
-By borrowing an existing platform, you save money and focus on development.
-Processing transactions in transactions corresponding to each platform.
3. Prepare to form an independent ecosystem (mainnet)
-Preparation by implementing a testnet
- Mainnet release after success- Complete transaction and ecosystem configuration as an independent platform.
- Independent wallet creation.
4. Completed conversion to (coin).
🍀What is the difference between token and coin?
The big difference is the presence or absence of mainnet. Usually, the mainnet is a coin, and the borrowing of an existing platform (ETH, BSC) is called a token. However, when actually transacting, we do not distinguish between coins and tokens.
Coin
As a representative example of a coin that built a mainnet independent from tokens, Ethereum was initially an ICO-based token, but now it is positioned as a representative cryptocurrency coin.
Mainnet coins include Bitcoin, Ethereum, Klaytn, Tron, Ripple, Tron, EOS, Filecoin, Pica, Stellar Man, and Nem.
Token
-Token: If you do not own an independent blockchain network, it is called a token. By borrowing the existing blockchain system network, the transaction fee, that is, the gas fee is paid at that cost.
Binance Coin (BNB), Tether (USDT), Ripple
What is BITCLOVER mainnet-based coin?
🍀Let’s take a quick look at the news of EOS/Solana/Pancake swap among mainnet-based digital assets :D
EOS
EOS is a digital asset that can be scaled vertically and horizontally for decentralized applications, and it has overcome shortcomings such as slow processing speed and high fees and opened its own mainnet away from Ethereum.
This time, the EOS development company announced that it plans to establish the Blush Exchange by the end of this year.
It is expected to provide more convenience to users by developing new services with fast transmission speed and stability as strengths.
SOL
Solana, even nicknamed the Ethereum Killer, is a digital asset that is rapidly expanding its ecosystem.
A high-performance, open-source web-scale blockchain for providing decentralized financial solutions, it was built with the goal of solving the scalability problem of the existing blockchain and providing the most efficient blockchain in the virtual asset market. I’m growing.
Recently, Sam Bankman Pride, the founder of FTX, the world’s largest virtual asset futures exchange, launched an exchange using Solana Chain and launched both DeFi (decentralized) and NFT (non-fungible token) markets with fast transaction processing speed and low transaction costs. It is expected to grow together as the market grows.
CAKE
Pancake Swap, a decentralized exchange that runs on the Binance Smart Chain and a coin, aims to build a new and innovative interest farming and mechanism. , ATA, etc. You can also get various tokens. In addition, you can see trends in various attempts such as participating in cake lottery, syrup pool staking service, and launching NFTs.
※Governance Token: A token that allows all stakeholders to collaborate, discuss, vote, and exercise voting rights on how to operate the governance system on the blockchain.
See you next time with more informative and fun information!
