Bitcoin testnet

E696536

Bitcoin testnet is a parallel Bitcoin blockchain used by developers and testers to experiment with transactions and applications using valueless test coins instead of real bitcoin.

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Statements (49)

Predicate Object
instanceOf Bitcoin network
blockchain test network
addressPrefixP2PKH m or n
addressPrefixP2SH 2
allows easier mining due to lower difficulty
testing without risking real bitcoin
basedOn Bitcoin protocol NERFINISHED
bech32HumanReadablePart tb
blockReward follows same halving schedule as Bitcoin mainnet
coinsAreObtainedVia faucets
mining
defaultP2PPort 18333
defaultRPCHTTPPort 18332
defaultZMQPort 28332
difficultyAdjustment similar to mainnet with testnet-specific rules
governedBy Bitcoin Core implementation defaults NERFINISHED
hasNativeCurrency testnet bitcoin
hasNetworkMagic 0x0b110907
hasProperty coins can be created in large quantities for testing
separate UTXO set
separate blockchain from mainnet
separate network parameters
separate set of addresses
hasVersion testnet3
isAlternativeTo Bitcoin regtest NERFINISHED
Bitcoin signet NERFINISHED
isDocumentedIn Bitcoin Core documentation NERFINISHED
isParallelTo Bitcoin mainnet NERFINISHED
isPartOf Bitcoin ecosystem NERFINISHED
isReferencedIn Bitcoin Core configuration as "testnet"
isUsedBy developers
testers
networkType permissionless
public
purpose application development
software testing
transaction experimentation
replaced earlier Bitcoin test networks
riskLevel low financial risk
supports Bitcoin transactions
smart contract experimentation via higher-layer protocols
tickerSymbol tBTC NERFINISHED
transactionFees typically very low
usedFor education and training
exchange integration testing
infrastructure testing
wallet development
usesCoinsWithProperty no real-world monetary value
usesConsensusMechanism proof-of-work

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

P2PKH network Bitcoin testnet
bitcoin-tx supportsNetwork Bitcoin testnet