What is Mainnet? What is Testnet?

[riboku0105]

I heard the information TRON and EOS coming out the mainnet, then the CMT ran the testnet. What is the mainnet? and testnet? Why are coin prices increasing when mainnet is launched?

[TryNinja]

I heard the information TRON and EOS coming out the mainnet, then the CMT ran the testnet. What is the mainnet? and testnet?

Mainnet = official chain where the real transactions happens.

Testnet = like the name says, it's a testing chain with worthless coins.

 

Why are coin prices increasing when mainnet is launched?

Obvious reason. Because this means that it's (teorically) a working product.

[Zwei]

Essentially, every blockchain project has a mainnet. So what is it? Simply put, a mainnet is a blockchain that actually carries out the functionality of transferring digital currency from senders to recipients. This is different from a testnet, which basically is just a test of such transaction functionality. The easiest way to think about it is that testnets are the prototypes that demonstrate the potential capabilities of a project. Mainnets are the actual “end product”, which is available for the public to use. However, 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 and/or revisions.

source: https://coincentral.com/what-is-a-mainnet/

[riboku0105]

Thank you for understanding me. Testnet is the first step of testing for mainnet. So how does the new coin need a mainnet?

[bitmover]

Thank you for understanding me. Testnet is the first step of testing for mainnet. So how does the new coin need a mainnet?

I didn't get your question.
The coin needs a mainnet to exist.

Testnet is just for tests, nothing is really happening. It's not even a beta version.

After the mainnet is launched, developers still use testnet to test their applications. Even third party developers use it to test their new application or new versions.

Let's suppose a new Electrum version is being developed. They test it on the bitcoin testnet. If everything goes fine they release it on the mainnet

[tuansemazi]

Testnet can be understood as the Test Network, ie the test network, where you conduct transactions for the purpose of experiencing, testing features. The testnet wallet also has a balance as on the mainnet, but amount of coin on the testnet does not have an economic value, but the transaction is still valid.

Testnet can also be pre-introduced by a blockchain project before launching the mainnet. This type of testnet is available for trial purposes and debugging of new blockchain.

[yodomaster]

you can do testing in testnet before you deploy it to the mainnet where your project is really officially launched

[atrocityx]

Since your question has already been answered in detail here, I wanted to make a point about trading these instead of what they are...

One thing that noobs do not keep in mind is Testnet and Mainnet are more often than not buy the rumor, sell the news dumps.. and whales lately have been pulling the rug quicker and quicker lately.

I always ask in coin's telegram groups if a product is worth 5 billion + dollars and you're expecting a 2X moon on a mainnet, what is the 5+ billion dollar valuation for?   Having a working product is a a REQUIREMENT of a 5 billion+ dollar company, not justified price action... so always consider this if you are buying/selling/bagholding and adjust accordingly.  EOS I think is a great product and its had some success, but buying EOS up at these levels after all the hype is playing with fire.