What does the mainnet launch mean (the significance of the mainnet launch)

08/13/2023 15:58 • Metaverse & Beyond • 89 views

What does the mainnet launch mean? According to cointelegraph, the official Twitter account of Ethereum announced that the term “mainnet launch” is used to start a project on the Bitcoin blockchain. This means that users can begin running their own built software without relying on third parties. “By doing this, we can send code directly to anyone without the need for verification.” Additionally, the website also mentioned the upcoming launch of a new cryptocurrency called “EOS”.

The significance of the mainnet launch

The mainnet launch is an important milestone and a significant moment for us. In the past year and a half, the entire cryptocurrency market has entered a very healthy phase after experiencing intense volatility from October to December last year: bull markets and bear markets.

However, it appears that this trend is not yet complete, so we must be prepared to respond to crises and prepare for the next round of market trends. One of the most important things to do at this time is risk control (risk management).

First of all, it is important to note that in a bull market, if investors fail to take action in a timely manner, investments will become meaningless as it may result in funds being withdrawn from the system, leading to losses. Additionally, unexpected events such as black swan events can cause significant psychological stress on investors, affecting their asset allocation direction and potentially damaging their investment decision-making abilities, resulting in significant losses. Therefore, even in such situations, investors can still adjust their positions appropriately and avoid the market volatility and price declines similar to those experienced in the cryptocurrency market in 2018, while maintaining a good mentality and protecting themselves from unnecessary losses. On the other hand, there is a belief in the current market that as mainstream currencies gradually become mainstream, people prefer digital currencies represented by Bitcoin as a store of value. Therefore, in this process, more attention will naturally be given to the existence of Bitcoin itself and the income it brings. Secondly, we need to realize the significance of the mainnet launch. When a large number of institutions enter, it becomes an important reference point for investors to layout future macroeconomic projects. In this aspect, Bitcoin has strong core competitiveness. For example, now more than 90% of listed companies globally are buying BTC to maintain stock trading, and these companies have strong capital resources. They not only can obtain more profits but also continue to accumulate a large amount of cash flow.

Finally, let’s take a look at what happened in May this year:

In late June, Wells Fargo, one of the largest financial groups in the United States, announced the launch of a blockchain-based “Digital Dollar” stablecoin, aiming to provide secure and reliable fiat currency channels. The bank believes this is one of the main advantages in the digital payment system and also signifies that the industry is undergoing changes, with more and more traditional financial institutions setting their sights on new emerging assets such as digital gold and incorporating them.

In mid-July, Paradigm Ventures, a well-known multinational venture capital company, led a $100 million seed fund that raised $200 million. The company stated that it has established partnerships with some renowned cryptocurrency exchanges, including Kraken, Binance, Huobi, Bithumb, and Gate.io, and has signed a letter of intent to explore the technology and application scenarios of digital currencies on a global scale.

In late August, [translation of the remaining part was cut off]

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What does the mainnet launch mean (the significance of the mainnet launch)

The significance of the mainnet launch

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