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Testnet

By CoinGecko | Updated on Mar 03, 2020
Testnets are alternative blockchain network that mirros the consensus protocol on the main network (Mainnet). Testnets are useful for developers or people who want to experiment with transactions, smart contracts or various other operations in a test environment without fearing loss of cryptocurrency.

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Related Terms

Satoshi Nakamoto
The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
Custody
Protective care or guardianship of an asset.
Venture Capital
capital (funds) that is invested in a company that needs a substantial pool of funds to initiate.
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