You’ve probably heard a lot about “mainline”. What exactly is a “mainline”? “Is it good or bad for blockchain projects, is it the starting point or the end point? What about the original Tokens after the “Mainline”, are they still valuable?
Maybe you haven’t understood these questions before, it’s okay, today we’ll learn more about “mainnet online” and its impact.
What is “Mainline”?
In the article “Why can Ether’s wallet store so many kinds of Tokens”, we focused on ERC-20 tokens. There are many project parties that issue ERC-20 tokens for crowdfunding (i.e. 1C0) and use the funds raised for technology development and project operation.
In other words, project owners issue ERC-20 tokens based on Ether, which is like a “promise” to the holders, promising to use the funds raised for development and operation, and when the development is completed and the product is released, the holders can enjoy certain benefits. Of course, this promise is only endorsed by the project owners themselves.
The main network is the product that some project parties want to build.
As we know, all systems will be tested internally by the issuer before they are officially launched, and even external parties will be invited to conduct public tests to ensure that the official system that is finally launched is safe and stable. Due to the decentralized feature of blockchain, to make changes on a blockchain, the efficiency of the community to reach consensus and make changes is slower than that of a centralized system. If the official version of the blockchain network has major vulnerabilities, it will undoubtedly be a devastating blow to this blockchain. Therefore, blockchain networks are also subject to various tests.
For these blockchain networks for testing, we call them Test Net. When the development is completed and the test is successfully passed, the project will launch the blockchain Main Net, which is not much different from the Test Net, except that it is the final official version and all parties have a consensus on it.
What does it mean when the Main Net is launched?
As mentioned earlier, the REC-20 token you hold for a project is just a “promise” from the project owner. No matter what vision the project owner has painted for you in the white paper, it is just a “castle in the air” until the project is on the ground.
When the main website is online, it means that the main development work has been completed and the “pavilion in the sky” has become a “rough building”, which sets the stage for the subsequent “renovation” and “design of functional areas”. design functional areas” has laid the most critical foundation.
With the main network, people can also check how much of the vision depicted in the white paper has been realized; with the main network, they can develop DApps on it, develop the ecology and realize commercial applications.
So, for project parties, the mainnet is not the end, but a new starting point.
So, what about the original ERC-20 tokens after the mainnet is launched?
There is no doubt that after the mainnet goes online, the corresponding ERC-20 token has also completed its mission and will be replaced by the Token on the mainnet.
So, how do you achieve the switch between the two? Generally speaking, there are two main ways.
The first is through “mapping”. The most typical example is EOS, where you go to claim an account before the mainnet goes online and connect this account to an EOS address belonging to ERC-20 (i.e. an Ether wallet address). On the eve of going online on the mainnet, through a snapshot, check the number of ERC-20 EOS in the Ethernet wallet address and send the same number of EOS to the EOS account you claimed when the mainnet goes online.
The second one is to complete the conversion through the gateway. After the mainnet goes online, the project owner will set up a gateway, and users with ERC-20 tokens will send their coins to the gateway address, and the gateway will send you the Token on the mainnet after receiving the coins.
Whether it is “mapped” or converted through the gateway, generally speaking, after the ERC-20 tokens are placed on the trading platform, the trading platform will help users to convert them to Tokens on the mainnet, without the need for users to operate themselves. Of course, the specific project still depends on the announcement of the trading platform.
The mainnet is relative to the testnet. Although it is not much different from the testnet, the mainnet is the final official version, which unites the community consensus. The main network is online, which means that an independent blockchain network is born, and the “pavilion in the sky” depicted in the white paper has become a “rough building”, which builds up the infrastructure for the subsequent ecological construction.
Some people say that the main online is good, after all, a project has turned from “air” to “product”; others say that the main online is negative, because the vision in the white paper cannot be realized immediately by the main online, and people’s expectations will be “smacked” by reality. The expectations will be “smacked in the face”.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/what-is-the-main-online-line-why-is-it-the-starting-point-and-not-the-end-point/
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