Testnet

In blockchain technology, a testnet is an instance of a blockchain powered by the same or a newer version of the underlying software, to be used for testing and experimentation without risk to real funds or the main chain.[1] Testnet coins are separate and distinct from the official (mainnet) coins, don't have value, and can be obtained freely from faucets.[2] Testnets can be reset at any time.[3]

Testnet applications
  • testing applications against new versions of the blockchain software
  • developing applications without the risk of losing real funds[4]
  • analyzing blockchain data on a smaller scale compared to the public network[5]
  • providing early access to a blockchain before the official release

References
  1. Franco, Pedro. Understanding Bitcoin: Cryptography, Engineering and Economics. John Wiley & Sons. p. 74. ISBN 978-1-119-01914-5.
  2. Badr, Bellaj; Horrocks, Richard; Wu, Xun (Brian). Blockchain By Example: A developer's guide to creating decentralized applications using Bitcoin, Ethereum, and Hyperledger. Packt Publishing Ltd. p. 19. ISBN 978-1-78847-391-0.
  3. "Testnet". en.bitcoin.it. Bitcoin Wiki.
  4. Hu, Yao-Chieh; Lee, Ting-Ting; Chatzopoulos, Dimitris; Hui, Pan (15 June 2018). "Hierarchical interactions between Ethereum smart contracts across Testnets". Proceedings of the 1st Workshop on Cryptocurrencies and Blockchains for Distributed Systems. Association for Computing Machinery: 7–12. doi:10.1145/3211933.3211935.
  5. "Binance Chain Testnet - Binance Chain Docs". docs.binance.org. Binance.
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