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.

All labels observed (3)

Label Occurrences
Bitcoin testnet canonical 5
Bitcoin mainnet 1
Bitcoin signet 1

How this entity was disambiguated

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
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
linked to: Bitcoin Core
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
Bitcoin signet
linked to: Bitcoin testnet
isDocumentedIn Bitcoin Core documentation
linked to: Bitcoin Core
isParallelTo Bitcoin mainnet
linked to: Bitcoin
isPartOf Bitcoin ecosystem
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
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

How these facts were elicited

Referenced by (7)

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

bitcoin-tx supportsNetwork Bitcoin testnet
P2PKH network Bitcoin testnet
Bitcoin testnet isAlternativeTo Bitcoin signet
linked to: Bitcoin testnet
Bitcoin regtest comparedTo Bitcoin mainnet
linked to: Bitcoin testnet
Bitcoin regtest comparedTo Bitcoin testnet
Bitcoin regtest differsFrom Bitcoin testnet
BIP145 network Bitcoin testnet