What is Mainnet, first of all?
Mainnet is the term used to portray when a blockchain convention is completely evolved and sent, implying that digital money exchanges are being communicated, checked, and recorded on a conveyed record innovation (blockchain).
The purpose of the mainnet is to show that the team’s ideas and protocol are ready for the general public to use. On the mainnet, the actual value is being used. As a result, Mainnets serve as a project milestone because they mark the point at which the protocol has reached a point where it can be made available to the general public and has actually produced value.
Mainnet is another independent blockchain that operates independently, employing its own cryptocurrency and technology.
An Initial Coin Offering (ICO), an Initial Exchange Offering (IEO), or any other method that can assist the project in raising funds and expanding their community will typically be established by the team of a blockchain project prior to the launch of the mainnet. The blockchain network’s prototypes are typically developed with the funds collected and tested during the testnet phase. The team will launch the (ideally) fully deployed and operational mainnet version of the blockchain following bug fixes and, depending on testnet performance.
The waiting is over!
The Paribus team has been putting in extra effort to satisfy the strict requirements of the Hacken audit, so we’re thrilled to have received a score of 8.7/10, which we believe accurately reflects everyone’s efforts.
We are aware that everyone has been impatiently anticipating the launch of our mainnet for the past few months. We have been honest and open with our group/community at every stage, if not occasionally a little too optimistic. However, the delay is now over.
We are beyond thrilled and delighted to be launching the mainnet version 1 for our initiative, as Deniz, CEO of Paribus, states.
This outstanding accomplishment is a result of our gifted team’s countless hours of commitment, diligence, and cooperation. Paribus team are ecstatic to present the results of our labor to the universe.
The Paribus Mainnet v1 will launch on Arbitrum on March 28. Additional versions are planned for the future. We at Paribus are excited for the next stage of the process because this signals the end of a lengthy rollercoaster of ups and downs in the development process that were accompanied by choppy market conditions.
Wilson, Paribus COO, best describes the enthusiasm of the team: “The journey thus far has been characterized by great exertion and significant investment, both in terms of time and money.
But seeing our vision come to fruition and getting the chance to have a positive effect on our users make it all worthwhile. As Paribus launch the initial iteration of it mainnet, the team look forward to improving their service based on user input and pushing the limits of innovation in our industry.
In spite of the fact that the various delays Paribus experienced initially appeared to be challenges, looking back, the team are now in a much better situation with regard to our launch date.
Paribus now feel incredibly fortunate to be in this position at this stage of the market cycle, despite the fact that we are unable to foresee the future.
Deniz says, “Despite the unforeseen delays the Paribus team encountered during the development process, they firmly think that these difficulties have ultimately been beneficial to our project.
They were given a rare chance to reassess and strengthen our strategic approach because they delayed their launch in order to avoid some of the major market turbulences.
The extra time has allowed us to improve our product, optimize our technology, and strengthen our team’s knowledge,” they continue. Because of this, the answer is now more reliable and adaptable and is better equipped to withstand the market’s unpredictability.
Simon, the CTO of Paribus, agrees: “These delays have given us insights and the capacity to adapt to the rapidly changing environment, eventually enhancing our project’s resilience and potential for success.
Paribus will continue to be at the forefront of innovation and value creation for our users as we forge ahead, and we are sure that the lessons we’ve learned from these challenges will inform and fuel our development.
As the launch of Paribus draws near, the team will work harder to increase awareness of the platform and attract new users.
For the benefit of the community, the team has scheduled a very special Twitter Space Town Hall on March 23 to commemorate this enormous achievement and address any concerns attendees may have.
Now that the Mainnet v1 launch date has been set, Paribus can focus on the upcoming advancements and iterations the team has planned.
With our unwavering dedication to user satisfaction and innovation, we are eager to set out on this adventure and open up new possibilities for both our platform and the larger crypto ecosystem.
The best ways for anyone wondering how they can assist are to join us on our various social media platforms, share the content, and road test the mainnet once it goes live. Paribus team always appreciate honest criticism and are excited to see Paribus and our community flourish.
