Key Concepts required for Testnet and Mainnet
1.Testnet Why?
Testnet is a network where a blockchain project is tested. The transactions carried out and the cryptocurrencies used in this network are completely virtual. Testnet allows developers to try out new features without risking real money. Successful trials on this network are tested extensively before being implemented on the main network of the project.
Testnet Features
.Virtual Tokens: Tokens that do not have real value and are used for testing purposes.
.No Risk: Since no real money is used, it is risk-free for users and developers.
.Trial and Error: New features can be tested extensively by developers (Mainnet)
Mainnet Definition and Importance
Mainnet is the fully functional state of a blockchain project and is the network where real transactions take place. This network becomes active with the launch of the project and transactions are made with coins or tokens that carry real value. Mainnet represents the success of the project and its acceptance in the market.
Mainnet Features
.Real Transactions: Transactions are made with real cryptocurrencies.
.Market Value: Coins or tokens on the mainnet have real market value.
.Live Network: It is the network in which the project operates live and continuously.