Mainnet-beta is a term used to refer to the beta testing phase of a cryptocurrency’s mainnet launch. A mainnet launch is the process by which a digital asset, such as bitcoin or Ethereum, is released onto an existing blockchain network and made available for public use. During this period, developers test various aspects of the new digital asset before it becomes fully operational on its own blockchain.
The purpose of mainnet-beta testing is to ensure that all features and functions are working properly before launching the full version of the cryptocurrency’s platform. This includes making sure that all nodes on the network are running efficiently, verifying transactions between users, ensuring secure storage for user funds in wallets and exchanges, and more. Additionally, developers also check for any security vulnerabilities that could be exploited by malicious actors during operation of their project. Mainnet-beta testing can last anywhere from several weeks to months depending on how complex the system being tested is.
During this stage of development it’s important for investors and traders alike to stay up to date with progress reports made available by developers in order to understand what benefits they may gain if they decide to participate in trading activities after full release occurs. Because there are certain risks associated with beta versions (such as bugs or data loss), some people may choose not invest until after launch has occurred when these issues have been addressed accordingly.
