Cryptocurrency not a real blockchain technology until the Mainnet launch. True?

[bobelr]

Recently, a project I have been following closely -DxchainNetwork completed her mainnet alpha announced on the 8th of October 2019 https://blog.dxchain.com/3-things-need-to-know-about-dxchain-mainnet-alpha/. From the released announcement, the below was quoted:

It is well known that mainnet is the fundamental of a blockchain project, cryptocurrency is not a real blockchain technology until the Mainnet launch. Any concepts, ideas or theories are unrealizable. DxChain has been committed to building a secure and efficient decentralized big data storage and computing network from the beginning. The construction, development and performance of DxChain network are what DxChain engineers caring about.

I have seen some presuppose projects with no Whitepaper or one-page WP, no vision but mere speculative cryptos, yet they've got crazily huge market capitalization at the expense of ones with real use cases. I think, in my opinion that this is due to the fact that many are either uninformed or people just don't have interest in what seems solving their actual problem.

I really want to know if until mainnet, a crypto project is not real.

[DaMut]

Yes and No,

Before we are talking about it, can you tell me which project it is?

the non-whitepaper or one-page WP, no vision but mere speculative cryptos, yet they've got crazily huge market capitalization

If we are talking about perception, the real blockchain technology has a vast meaning.
some people say it can be considered as a real blockchain technology if they are using an independent blockchain just like you,
and some others say it can be considered as a real blockchain technology if the project is created based on the blockchain itself and has its own usability(in this case, the meaning of "real blockchain technology" lies on utility and usability.

personally speaking I do not really care what platform or blockchain it uses, but what I care is the problem they solve. If they are able to meet their target and goal even if they do not have their own blockchain I would say they are a real blockchain technology because they have a real use case.

I do not believe in mainnet is fundamental because every project has a different goal if they want to have an independent blockchain. Mainnet is important, but if they do not then it is unimportant.

[Kvalentine]

Are you trying to differentiate between testnet and mainnet? well before every new project gets fully ready for the public they are always in the testnet mode, to be sure their is no bugs in the system and all is up and running, few projects runs in testnet for many months for gradual development, this is so normal and once its ready for launch they go mainnet

[ivaf]

The project is real. And its blockchains (testnet and mainnet) are real. They just have different goals. On the testnet blockchain, the developer tests and debugs his decisions and developments. And the mainnet blockchain serves for the real work of the project.
Therefore, the launch of the mainnet is a big event for the project, and in this case, we can say that the project began real work on a real blockchain.

[bobelr]

Yes and No,

Before we are talking about it, can you tell me which project it is?

the non-whitepaper or one-page WP, no vision but mere speculative cryptos, yet they've got crazily huge market capitalization

If we are talking about perception, the real blockchain technology has a vast meaning.
some people say it can be considered as a real blockchain technology if they are using an independent blockchain just like you,
and some others say it can be considered as a real blockchain technology if the project is created based on the blockchain itself and has its own usability(in this case, the meaning of "real blockchain technology" lies on utility and usability.

personally speaking I do not really care what platform or blockchain it uses, but what I care is the problem they solve. If they are able to meet their target and goal even if they do not have their own blockchain I would say they are a real blockchain technology because they have a real use case.

I do not believe in mainnet is fundamental because every project has a different goal if they want to have an independent blockchain. Mainnet is important, but if they do not then it is unimportant.

Quite good to see you have great deal of understanding of what blockchain entails. To answer your question, one of the projects i said is Ethplode and few others i don't have in my head. Also, don't you think mainnet is fundamental just as important you said it is?

The project is real. And its blockchains (testnet and mainnet) are real. They just have different goals. On the testnet blockchain, the developer tests and debugs his decisions and developments. And the mainnet blockchain serves for the real work of the project.
Therefore, the launch of the mainnet is a big event for the project, and in this case, we can say that the project began real work on a real blockchain.

Oh good! This is an indication that the mainnet is very vital, fundamental and neccesary for the project to complete. Thanks for the enlightenment.

Are you trying to differentiate between testnet and mainnet? well before every new project gets fully ready for the public they are always in the testnet mode, to be sure their is no bugs in the system and all is up and running, few projects runs in testnet for many months for gradual development, this is so normal and once its ready for launch they go mainnet

Oh that's great to read from you. i get it now. Many thanks.

[DaMut]

Quite good to see you have great deal of understanding of what blockchain entails. To answer your question, one of the projects i said is Ethplode and few others i don't have in my head. Also, don't you think mainnet is fundamental just as important you said it is?

Well Ethplode is just a deflationary project and its use case is deflationary itself, I won't consider this as a "real project" because it does not have any reason to exist other than being speculative and it does not need mainnet at all.

About mainnet, it is important if the project aims to be an independent project and solve an existing problem that happened with other blockchains. What I mean is the project wants to solve what other blockchains are not able to solve, for example ETH. It has a problem with their scalability, and a mainnet is very important because if you want to solve what ETH is not able to solve you need to have an independent blockchain and fix the scalability issue. That is why mainnet is important.

on the other hand, if the project aims to solve other stuff(buying/selling real estate, and else [not related to the blockchain itself]). Mainnet is not necessary because they can use other platforms/daps to execute the order.

[vanya.pronin.1983]

Why not? Every token that is based on other coins blockchain is a piece of technology as well, in other words smart contract is a representation of blockchain technology on the same level as a coin that operates on its own.

[livingfree]

I really want to know if until mainnet, a crypto project is not real.

There's a bunch of popular ERC20 tokens that became established until now and still doesn't have their mainnet. You can decide this for yourself and don't treat it as a crypto project if they still don't have their mainnet launch.

This is a matter of your opinion and what the community thinks about regarding mainnet's. There are projects that just can't launch their mainnet and for them they should focus on some other things instead of that.

[dirgayeah]

I really want to know if until mainnet, a crypto project is not real.

Maybe do you mean real in problem solving? Or what bro?
I ever meet blockchain project and until right know they still not released their mainnet. But in real implementation they are very active for helping unbanked people. I don't know when they will fully operated with blockhain, but big impact and benefit for another people already started. So how do you think? 😁

[leowonderful]

A cryptocurrency having its own unique blockchain's definitely a plus, but that should be a second priority until the crypto's able to fulfill its goals first, unless having a blockchain's vital to the crypto's success in the first place.

It's true that some coins seemingly exist for no reason and are perhaps the result of uninformed investors, but the number of poorly informed investors in crypto has been declining since the peak of the ICO craze in 2017 and early 2018. Things have certainly changed now, and it's much harder for coins to gain massive valuations nowadays without actually having a reasonable use-case that's already implemented. No project should advertise simply having a blockchain as being something positive without highlighting other parts of their platform.

[Bonwin]

Mainnet is most times the core tech or developmental stage of most projects.. If a product has not reached its mainnet, it might be believed that it is still a demo, therefore, there is nothing yet to show how legit or real it is. Also, to find the real use of a product, then use its mainnet. So, in respect of whether it is real or not, it might be true.

[WalkerIVIV]

Are you trying to differentiate between testnet and mainnet? well before every new project gets fully ready for the public they are always in the testnet mode, to be sure their is no bugs in the system and all is up and running, few projects runs in testnet for many months for gradual development, this is so normal and once its ready for launch they go mainnet

It's better to call OP is trying to differentiate coin and asset rather than try to use testnet and mainnet context because that refers to the protocol. It's not always a testnet mode but you must use the main role of the coin itself. Some may need to be assets and another will be a coin with its own blockchain. In this context to call asset is not real blockchain technology is really wrong because it's still used blockchain as the pegged platform.

[Kotone]

So youre saying if they are in eth network side they are not blockchain? Unless the project launches their own? What do you called the erc20 of eth network. I'm pretty sure the definition of blckchain accomodates their platform 100%. Mainnet is done, if they can release their oan blockchain, but it doesnt really mean if they are using major platform such as ethc neo and others the cryptocurrency isn't blockchain anymore. They just depending on it for sometime but it is blockchain related.

[bobelr]

Quite good to see you have great deal of understanding of what blockchain entails. To answer your question, one of the projects i said is Ethplode and few others i don't have in my head. Also, don't you think mainnet is fundamental just as important you said it is?

Well Ethplode is just a deflationary project and its use case is deflationary itself, I won't consider this as a "real project" because it does not have any reason to exist other than being speculative and it does not need mainnet at all.

About mainnet, it is important if the project aims to be an independent project and solve an existing problem that happened with other blockchains. What I mean is the project wants to solve what other blockchains are not able to solve, for example ETH. It has a problem with their scalability, and a mainnet is very important because if you want to solve what ETH is not able to solve you need to have an independent blockchain and fix the scalability issue. That is why mainnet is important.

on the other hand, if the project aims to solve other stuff(buying/selling real estate, and else [not related to the blockchain itself]). Mainnet is not necessary because they can use other platforms/daps to execute the order.

Thank you for the eye opener. I really appreciate your contribution. But if a project isn't blockchain oriented, it can as well have a testnet, beta and mainnet. Am I correct?

Why not? Every token that is based on other coins blockchain is a piece of technology as well, in other words smart contract is a representation of blockchain technology on the same level as a coin that operates on its own.

Dxchain isn't dependent on other blockchain to operate as it think because it runs a self VM on which smart contract operates and it is interoperable with EVM as stated in article released on Godx on http://Https://blog.dxchain.com

So youre saying if they are in eth network side they are not blockchain? Unless the project launches their own? What do you called the erc20 of eth network. I'm pretty sure the definition of blckchain accomodates their platform 100%. Mainnet is done, if they can release their oan blockchain, but it doesnt really mean if they are using major platform such as ethc neo and others the cryptocurrency isn't blockchain anymore. They just depending on it for sometime but it is blockchain related.

I think networks such as Ethereum, NEO, EOS, TRON and the likes are blockchain-as-a-service which mean that other projects can run on them since they deal with a particular service. ERC 20 is a token standard on ETH network and such others like ERC 721, etc Dxchain Network is a blockchain offering services but with one token standard and not dependent on ETH network to operate. So this is a clear difference.You're right with the last statement.

Are you trying to differentiate between testnet and mainnet? well before every new project gets fully ready for the public they are always in the testnet mode, to be sure their is no bugs in the system and all is up and running, few projects runs in testnet for many months for gradual development, this is so normal and once its ready for launch they go mainnet

It's better to call OP is trying to differentiate coin and asset rather than try to use testnet and mainnet context because that refers to the protocol. It's not always a testnet mode but you must use the main role of the coin itself. Some may need to be assets and another will be a coin with its own blockchain. In this context to call asset is not real blockchain technology is really wrong because it's still used blockchain as the pegged platform.

I'm trying to get it clear here. I'll appreciate if you shed more light to it. And if we can call platforms like Dxchain, Morpheuslabs, BLOC Platform and the likes an independent blockchain platform/technology.

Mainnet is most times the core tech or developmental stage of most projects.. If a product has not reached its mainnet, it might be believed that it is still a demo, therefore, there is nothing yet to show how legit or real it is. Also, to find the real use of a product, then use its mainnet. So, in respect of whether it is real or not, it might be true.

It mean a mainnet at least shows how genuine a project is to a large extent?

[bobelr]

A cryptocurrency having its own unique blockchain's definitely a plus, but that should be a second priority until the crypto's able to fulfill its goals first, unless having a blockchain's vital to the crypto's success in the first place.

It's true that some coins seemingly exist for no reason and are perhaps the result of uninformed investors, but the number of poorly informed investors in crypto has been declining since the peak of the ICO craze in 2017 and early 2018. Things have certainly changed now, and it's much harder for coins to gain massive valuations nowadays without actually having a reasonable use-case that's already implemented. No project should advertise simply having a blockchain as being something positive without highlighting other parts of their platform.

The ICO craze indeed a revolution to crypto turnaround.

[DaMut]

Thank you for the eye opener. I really appreciate your contribution. But if a project isn't blockchain oriented, it can as well have a testnet, beta and mainnet. Am I correct?

.
Absolutely no, there is no reason for a non-blockchain oriented project to have testnet, beta, and mainnet. Why so?
because a non-blockchain oriented project focused on using blockchain technology as a utility while testnet is used for testing the capability of the blockchain itself.
what I mean is, testnet created to test the capability of the blockchain whether it meets its minimum requirement or something else while a non-blockchain oriented project is focused on the use of the token/coin.

[desticy]

You understand that blockchain is an implementation of a certain idea. That is, the idea first appears, only then they launch the mainnet.
Only after the launch it becomes clear how well the idea works, but as a rule, projects first publish the idea and raise funds for its implementation.

[bobelr]

You understand that blockchain is an implementation of a certain idea. That is, the idea first appears, only then they launch the mainnet.
Only after the launch it becomes clear how well the idea works, but as a rule, projects first publish the idea and raise funds for its implementation.

 I got that. Thanks for the headstart.

[bobelr]

Thank you for the eye opener. I really appreciate your contribution. But if a project isn't blockchain oriented, it can as well have a testnet, beta and mainnet. Am I correct?

.
Absolutely no, there is no reason for a non-blockchain oriented project to have testnet, beta, and mainnet. Why so?
because a non-blockchain oriented project focused on using blockchain technology as a utility while testnet is used for testing the capability of the blockchain itself.
what I mean is, testnet created to test the capability of the blockchain whether it meets its minimum requirement or something else while a non-blockchain oriented project is focused on the use of the token/coin.

Now i get the gist. If i could explain better, "a dApp such as Karma built on EOS blockchain didn't have testnet nor did they talk about mainnet but EOS itself had testnet, beta before it moved finally to its mainnet. Hence, Dxchain Network is a blockchain just as EOS but with different focus and capacity.