Cryptocurrencies have become increasingly popular in the last few years, a fact that has paved the way for startups and new projects to emerge using the blockchain technology. Any cryptocurrency needs a blockchain to function. However, not all cryptocurrencies have their own blockchains.

For instance, tokens are simply cryptocurrencies that are built on top of the other networks such as Ethereum. These cryptocurrencies are mostly using the Ethereum blockchain to process transactions.

What Exactly is a Mainnet?

As we stated above, every single cryptocurrency out there uses a blockchain, but not all of them use their own. A mainnet is a blockchain protocol that is fully developed, and it’s a term often used when tokens switch from the Ethereum network or other networks to their own blockchain.

Initially, cryptocurrencies without a Mainnet can also be launched on what is called a ‘Testnet.’ This testnet is a rough version of the blockchain network used to test and troubleshoot many essential aspects of the blockchain.

Typically, testnets are used by projects when they are conducting Initial Coin Offerings or any other type of fundraising methods. The mainnet is usually launched afterward when the project receives enough funds to develop the entire blockchain.

Back in 2017 and early 2018, most ICO projects were using the Ethereum network for their tokens. However, most of them failed, and the projects that got big enough had to eventually shift towards a mainnet as the Ethereum network is simply not powerful enough for big projects. The Ethereum blockchain can only process around 15 transactions per second, which is very low, considering how many tokens are built on top of it.

The Importance of a Mainnet

If a project is serious and wants to become big enough, the creation of a mainnet is crucial. A functional blockchain not only gives investors a sense and proof of development, but it is simply better for everyone involved. As stated previously, when a developer uses Ethereum or other blockchains to build his project, he is subject to the rules of that blockchain and cannot do anything to speed up transactions.

Additionally, the creation of a mainnet gives the project many credibilities, something that is extremely important as investors do not trust ICOs anymore due to the sheer amount of fraud that happened during 2017 and 2018. If the blockchain is open-sourced, anyone can easily verify the code and check all the transactions to make sure nothing suspicious is going on inside the project. Really, without a mainnet, a crypto project is only theoretical with no real working product.

FLETA Could be the Solution for Cryptocurrency dApps.

One of the biggest issues encountered by dApps and crypto projects is the fact that most blockchains are not fast enough to process transactions without network congestion. On the contrary, FLETA can and has achieved transaction speeds of up to 14,000 transactions per second.

The FLETA platform allows each project to operate independently on their own sub-chain; this means that a mainnet overload is impossible. Ethereum has experienced plenty of mainnet overloads; one notable example was ‘CryptoKitties’, a dApp so famous that slowed down the entire network for a long time. This problem cannot happen on the FLETA platform as each DApp has it’s own chain and can only clog that specific chain, not the rest.

FLETA itself has created its mainnet and has been able to integrate the FLETA wallet into it. Furthermore, FLETA’s gateway system allows anyone to swap their ERC-20 (Ethereum) tokens to mainnet coins, making it very easy for developers to shift towards a mainnet. FLETA allows developers to swap old tokens without any restriction and let them form their own token economies.

Conclusion

Clearly, a mainnet is a crucial part of any serious crypto project. A lot of projects were built on top of existing blockchains; however, they have quickly realized that it’s not always the best idea, especially when a project becomes big enough and needs independence.

A lot of projects are still built on top of popular blockchains like Ethereum. However, they are also switching to their own mainnet eventually. FLETA is one of the few platforms that make this process extremely simple for developers as it provides them with all the necessary tools to do so.

**

Feel free to join and connect with us through any of our official

channels below:

Website: https://fleta.io

Twitter: https://twitter.com/fletachain

Telegram: https://t.me/FLETAofficialGroup

Github: https://github.com/fletaio