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
Pay-Per-Last N Shares (PPLNS)
PPLNS system only pays miners after the pool has discovered the block. This means you'll only be compensated once the block has been discovered.
Cryptography
A discipline or field of study which practices using cryptography to convert human-readable information that can only be deciphered by individuals who have the knowledge to.
Web3 Wallet
Web3 Wallet is the software that allows you to interact with web 3.0.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
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