It’s no secret that the world of blockchain has been evolving in leaps and bounds. No longer are the only options Bitcoin, Ethereum, Bitcoin Cash, and Cardano. With such large-scale requirements for specific solutions for mass use cases, blockchain technology is expanding to meet the larger demands of the industry.
One of the main components of ABCN that we are proud of is our mainnet, which aims to offer high transaction throughput, reporting transactions per second (TPS) speed of up to 100k at 50x faster than Ethereum.
So, what exactly is a mainnet, and why is it important?
A mainnet is the end product of a blockchain project which is accessible by the public to use. Transparency and performance indicators are key in blockchain technology. While testnets are able to show a sort of working prototype for blockchain projects, main-nets are a crucial aspect of evaluating a cryptocurrency’s real-world progress and potential.
In a nutshell, a mainnet is an independent blockchain running its own network with its own technology and protocol. In this sense, it is a live blockchain where its own cryptocurrencies or tokens are in use, whereas a testnet will be running on top of other popular networks, such as Ethereum.
A mainnet is a blockchain that actually does the work of transferring digital currency from senders to recipients. This differs from a testnet, which essentially is a test of such transaction functionality. While testnets are the test-drives that can illustrate the potential capabilities of a project, mainnets are the actual end result, available for the public to use.
Just like testnets or code frameworks, mainnets can be changed whenever project teams or cryptocurrency open-source communities decide there is a need for updates or revisions. Programmers use testnets to troubleshoot and trial any new features on a blockchain.
At the end of the day, the main difference between testnets and mainnets is that testnets are a former blockchain project still in progress, while mainnets are completely developed blockchain.
At ABCN, our mainnet is a dedicated network to keep all transaction records.The team has carefully released a sophisticated native asset named ABCN coin for overall ecosystem housing a tokenomics around 21,000,000 ABCN Coin supply. Moreover, this blockchain supports ABCN-20, ABCN-721, and ABCN-1155 token standards to offer the majority facets to the user base making a loud host to begin with.
Note that the standards supported and embraced by ABCN blockchain are not the actual smart contracts themselves, but instead a set of rules/guidelines used to implement some set of functionalities. Hence, with the help of this blockchain network you as a developer can feasibly create your own smart contracts adhering to some intentional standards.
Stay tuned for more updates on this exciting new development!
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