A mainnet launch is a great achievement, and two well-known blockchain companies are going live soon with their own mainnets.
On June 30th, 2019 Fusion Protocol and Harmony are releasing their mainnets, and both communities are waiting anxiously. Harmony was a binance launchpad success. They raised $5 million USD in a BNB session on May 28th, 2019.
What is Harmony?
Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking. Harmony does have some key features, here are a few I pulled from the binance launchpad site:
- Highly scalable BFT consensus using BLS multi-signature
- Secure distributed randomness generation protocol using VDF (Verifiable Delay Function)
- Adaptive PoS-based sharding mechanism guaranteeing the network security
- Kademlia routing and erasure encoding for optimal network usage
What is Fusion?
We’ve spoken about Fusion here on Altcoin Buzz before. A thorough Community Speaks article was written about Fusion and the driving purpose behind the company. The Fusion Protocol is determined to “build the financial fabric of the digital economy”. A recent video showcasing the CEO DJ Qian of Fusion showing his excitement for the mainnet on June 30th. He thanks the community for their amazing support and contributions to the PSN or payable station network. They have been able to secure more than 40 partnerships without the mainnet, imagine how powerful it will be now when they finally launch it.
What is the purpose of a mainnet?
A mainnet is the actual functioning blockchain. Before this, most companies run on a testnet. A mainnet is usually more advanced than the testnet and will give the native cryptocurrency more value. It also adds credibility to the companies and provides proof that developments are being achieved. Mainnets are very exciting for the teams behind the project and the community.
Be ready for some celebratory tweets coming from Fusion and Harmony on June 30th.