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.
Related Terms
Option
It is a financial instruments that refers to a contract offers the buyer the right to buy or sell an underlying assets at a specified price and time.
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
Multisignal (multi-signature)
They are wallets that require more than one key for transactions to be authorized.
Validator
A block-signing participant of a Proof of Stake blockchain network, whom have significant tokens staked on the network.
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