Mainnet
The primary, public blockchain network where real-world transactions and digital assets are processed.
What is Mainnet?
Mainnet, short for “main network,” refers to the primary, fully operational blockchain network where actual transactions involving real digital assets occur, as opposed to test networks (testnets) used for experimentation. In the context of Ethereum, the mainnet is the public Ethereum blockchain, launched on July 30, 2015, where ETH and other tokens have real economic value, and all transactions are permanently recorded on a decentralized ledger. It is the live environment where smart contracts, decentralized applications (dApps), and user activities like trading or staking take place.
The Ethereum mainnet operates under the network’s consensus rules, currently proof-of-stake since the Merge in September 2022, and is maintained by a global network of validators. It supports critical activities like DeFi, NFT minting, and token transfers, with its state secured by billions of dollars in staked ETH. Unlike testnets (e.g., Sepolia or Goerli), which use valueless tokens for development and testing, the mainnet is the production environment where actions have financial and operational consequences.
The Ethereum mainnet is identified by its chain ID (1) and is accessible via nodes running software like Geth or Besu. It is the backbone of Ethereum’s ecosystem, hosting major protocols like Uniswap, Aave, and the Ethereum Name Service (ENS). Its permanence and security make it distinct from testnets or sidechains, ensuring trust and reliability for users and developers interacting with real digital assets.
Related Terms
Tether
The company issuing USDT, a leading USD-pegged stablecoin, focused on blockchain-based financial solutions.
Block Proposer in Ethereum
The validator pseudo-randomly selected to propose and broadcast a new block during a specific 12-second slot in Ethereum's proof-of-stake consensus mechanism.
DLT
Distributed Ledger Technology - a decentralized digital system for recording transactions across multiple computers, ensuring security and immutability.
Call Option
A contract granting the right to buy an asset at a fixed price by expiration.
Don't Trust, Verify
"Don't Trust, Verify" is a core principle in blockchain technology, emphasizing that users should independently validate transactions and data on the network rather than relying on intermediaries.
Consensus Algorithm
A consensus algorithm is a mechanism used by a blockchain network to achieve agreement among nodes on the validity and order of transactions in a decentralized system.