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Rachel Welch

15 November 2022 154 Read Blockchain

What Is a Mainnet in Cryptocurrency?

While there are many factors that determine cryptocurrency value, one of the most important is the technology behind the project. While initial mainnet launches are crucial milestones, they are not the only thing to consider. Continuous updates and new features are equally important. These features make the cryptocurrency more useful and innovative.

The mainnet is the portion of the blockchain where actual transactions take place. This network is open to the public. Each transaction in the mainnet must be validated by miners who are paid in the native coin. This fee incentivizes miners to verify transactions and prevent spamming.