A mainnet is a term describing an independent blockchain network, with different tokens, coins, and applications running on it. This is in contrast to a testnet, which is essentially a testing ground used to troubleshoot before projects or cryptocurrencies launch on the mainnet. In short, a testnet is the troubleshooting and testing grounds for a project, and the mainnet is where the project is launched.
For the Ethereum mainnet, it is common for soon-to-launch blockchains to first release their tokens as a token sale on the Ethereum blockchain. If successful, they are likely to then roll out their own blockchain; once it is entirely up and running, it allows users to test it out and even bridge their tokens over. This is referred to as a mainnet swap. Once the tokens bridge from Ethereum, they are typically burned or destroyed so everything is on the new blockchain.
FAQs
A mainnet is a term describing an independent blockchain network, with different tokens, coins, and applications running on it. This is in contrast to a testnet, which is essentially a testing ground used to troubleshoot before projects or cryptocurrencies launch on the mainnet.
Is mainnet real money? ›
Transactions on Mainnet
These transactions are real, meaning they have actual value and are permanently recorded on the blockchain. This is why transactions on the mainnet must be performed with caution – once a transaction is confirmed, it cannot be reversed.
Is Pi Network on mainnet? ›
A key concern among Pi pioneers is that the network has remained in an enclosed mainnet for many years, meaning that their accumulated tokens are still worthless. The developers have noted that the token launch or airdrop will happen either in 2024 or in 2025 if they hit key milestones.
What happens when a crypto goes mainnet? ›
Mainnet is the term used to describe when a blockchain protocol is fully developed and deployed, meaning that cryptocurrency transactions are being broadcasted, verified, and recorded on a distributed ledger technology (blockchain).
What is an example of a mainnet wallet? ›
Examples of Mainnets
- Ethereum Mainnet: The Ethereum Mainnet is a well-known and widely used Mainnet that supports a plethora of decentralized applications and smart contracts. ...
- Bitcoin Mainnet: Bitcoin's Mainnet is the original and primary network where real Bitcoin transactions occur between users.
Is Pi Network safe? The Pi Network app is safe to use. However, there is no guarantee that the Pi Network coin will be worth anything in the future.
How much is 1 pi mainnet worth? ›
1 PI = 32.52 USD
How does the market feel about Pi today?
How much is pi mainnet in dollars? ›
Convert Pi Network (PI) to USD
| PI | USD |
|---|
| 0.1 PI | 3.09 USD |
| 1 PI | 30.85 USD |
| 2 PI | 61.70 USD |
| 5 PI | 154.25 USD |
6 more rowsPrice of PI today
The live price of Pi is $ 31.77 per (PI / USD) with a current market cap of $ 0 USD. 24-hour trading volume is $ 341,136.31 USD. PI to USD price is updated in real-time. Pi is -3.59% in the last 24 hours with a circulating supply of 0.
Will pi coin ever be listed? ›
The Pi Network is in the transition stage from Testnet to Mainnet. The Pi Network is planning to move into the Open Network phase of Mainnet in 2024, but a specific transition date has not been set yet. The Pi coin will become available for public sale when the transition is completed.
Pi Coin Price Prediction Summary
| Year | Minimum Price | Average Price |
|---|
| 2024 | $0.1 | $0.4 |
| 2025 | $0.4 | $0.8 |
| 2030 | $0.01 | $1.05 |
Jul 19, 2024
The reason behind it is stated to be this - the mainnet is currently “enclosed”. What that essentially means is that you're able to participate in certain Pi Network activities, and contribute to its development, but are not able to “exit the enclosed ecosystem” - e.g. buy Pi crypto, or check how to sell Pi crypto.
How much will Pi be worth when it goes to Mainnet? ›
The project launched its pre-Mainnet in 2019. It is currently in its closed-Mainnet, meaning it cannot interact with other blockchains. Our Pi coin forecast estimates a price of $0.4 by the end of 2024. Our 2030 Pi coin price prediction estimates a price of $1.05.
What does it mean to open the mainnet? ›
The Open Mainnet stage will allow Pi users to exchange their Pi coins with other cryptocurrencies and fiat currencies. Furthermore, it will allow developers to innovate, creating utilities and applications atop the network's robust framework.
What does transfer to mainnet mean? ›
Unlike other networks, mainnet coins have monetary value embedded with their own protocol. A mainnet performs the functionality of transferring a digital currency from a sender to a recipient and indicates the main network where actual transactions take place on a distributed ledger.
Is Bitcoin on mainnet? ›
Mainnet is the term for the real Bitcoin blockchain and network, and is used in contrast with testnet, signet, and regtest networks. Unlike the other networks, which are used for testing purposes, mainnet coins (BTC) have monetary value. When people refer to the Bitcoin network, they are usually referring to mainnet.
