News
Ethereum saw $3 trillion worth of stablecoin transactions and an all-time high in stablecoin addresses despite Ether's 45% price decline.
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Mainnet News
Mainnet is the final or public version of a blockchain with its own protocols and crypto tokens. The company develops its own blockchain to run in accordance with its vision and to house the network’s native token. Before these activities are carried out on the mainnet, the plans are first tested on the testnet. The testnet is a trial version of the final platform or mainnet, which is not publicly available and is for testing purposes only. A mainnet, however, can be altered anytime projects or open-source organizations decide that the product needs upgrades and changes, just like a testnet.
Transactions that users send and receive are recorded on a distributed ledger and are executed with their new cryptocurrency on the mainnet. When the mainnet goes live, a mainnet swap is executed. The testnet tokens are swapped for the new cryptocurrency, which are ready to be traded after the token migration takes place. In addition to the token relocation from the testnet to the mainnet, it is also possible that the tokens come from other blockchains and arrive at the native mainnet via this route. When the tokens come from another blockchain, they are migrated by the developer team.
Mainnet development is often a major milestone for projects, as they not only launch a working product but also become responsible for their own ecosystem and aim to build up the network effect. A crypto project with its own mainnet can influence the speed and rules of the blockchain. Platforms that do not have their own mainnet but use the mainnet of, for example, Ethereum or another blockchain, can have a lot less influence.
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Ethereum Foundation’s Nixo told Cointelegraph that unexpected issues on two testnets left developers under pressure and exhausted.
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Bybit CEO Ben Zhou challenged Pi Network to prove its legitimacy by addressing a Chinese report that called the project a “scam” targeting elderly people.
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Sony’s Soneium mainnet launched, aiming to simplify Web3 with NFT-driven fan engagement, but it got off to a rocky start.
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A new EVM-compatible layer-1 blockchain with lightning-fast transactions goes live to deliver a seamless, equitable ecosystem for both developers and users.
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The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.
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The locked-token sale saw participation from more than 40 companies.
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The layer-2 pre-mainnet aims to facilitate native, non-custodial Bitcoin applications and unlock yields for BTC holders.
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Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said.
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Messaging app Line is set to get “mini DApps” with the launch of Kaia’s mainnet, following the likes of rival Telegram, which launched a similar feature in 2023.
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Backers hail from Solana Labs, Coinbase Ventures and Celestia, among others.
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Movement Labs joins AggLayer to boost blockchain interoperability and protect developers against 90% of auditor-prioritized attack vectors.
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BitcoinOS successfully verified the first ZK-proof on the BTC mainnet, signaling a new era for Bitcoin as a platform for decentralized applications.
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With the World Chain developer preview, devs can deploy infrastructure on a “gated mainnet,” as World Chain is skipping a testnet.
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DeFi platforms strive to transform financial interactions by establishing fixed-rate and fixed-term lending and borrowing environments to enhance access for all investor types.
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