What does the Mainnet means to the cryptocurrency?
"EOS officially switched from the Ethereum net to the EOS mainnet at 18:59:59 pm on June 1, 2018."
Just like a child grows up to be an adult, EOS IO grew from the native family to a new family which is established by itself. And all these achievements must be thanks to a very important concept - the mainnet.
In June and July, there are many famous cryptocurrencies that will launch their own mainnet, such as AE and ADA.
Why are these cryptocurrencies want to issue their mainnet in anxious? Let’s part the timeline to two parts.
1. Before the mainnet
From the perspective of the development of cryptocurrency in the current stage, many new currencies exist with the form of Token. Most of them use the Ethereum to issue coins, transfers, and execute contracts. All the user's assets are actually in ETH.
And in this period, Token is actually a substitute, but not a real cryptocurrency, so it is also called "the air coin".
Investors always take a big risk in this period, because it is probably that the production team will run away with the money after the next day or stop the program because of lack of technical ability.
2. After the mainnet
Once the mainnet is online, all Tokens will be mapped to real cryptocurrencies and run on their own mainnet. Just like driving, you don't need to block on the ETH road, and you can turn to the road (the main network) which you repaired and run on how you want to.
Just like the beginning, it's a story about how a kid grows to human. Taking the recent loopholes in EOS to be exposed, once leaving the warm embrace of ETH, in addition to being free, the more it can face is only the cruel market.
In fact, not only before the mainnet on lined, even if the mainnet is already on the line, there will still be some dumbfounding problems. For example, at that time, the LBTC was suspended for four days because of the post-mainline technology. This move was ridiculed by many people and caused many investors to gradually lose confidence in it.
Therefore, the impact of the mainnet online on the currency is so great that it cannot be fully confirmed by relying only on the information in various places. As the news goes, the known about the currencies may be biased by it. So, we need to study of blockchain knowledge deeper than before, and more analysis of market conditions, in order to reduce the risk.
This site can see the real-time changes in the trend of various currencies, it is suitable for analysis of market conditions: https://citicoins.com/