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
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Buy Wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
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