Mainnet
By CoinGecko | Updated on Mar 03, 2020
It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place. The bitcoins of the mainnet are those that have real value.
Related Terms
Flappening
Flappening is a term used to describe Litecoin growing bigger and becoming more valuable than Bitcoin Cash (BCH). It is spawned from the term Flippening (used when another crypto overtakes Bitcoin).
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
Difficulty
A relative measure on how difficult it is to correctly guess a new block
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
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