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Title: Bitcoin testnets Post by: snikerhd on January 07, 2016, 10:37:13 PM Hi guys i received this http://prntscr.com/9nc0q3 can you explain to me what is this xD
Title: Re: Bitcoin testnets Post by: shorena on January 08, 2016, 06:47:14 AM Testnet coins are used for testing, they behave like bitcoin, but have no value.
Title: Re: Bitcoin testnets Post by: tobacco123 on January 08, 2016, 06:58:29 AM Testnet can be reset by the dev, so the amount may disappear from your address if that happens.
Title: Re: Bitcoin testnets Post by: mobnepal on January 08, 2016, 07:06:19 AM It have no value and only for testing purpose of the network so the whatever amount of testnet coin you have are worthless. There are no any exchanger where you can exchange them as it may disappear when developer reset it.
Title: Re: Bitcoin testnets Post by: shorena on January 08, 2016, 07:44:55 AM It have no value and only for testing purpose of the network so the whatever amount of testnet coin you have are worthless. There are no any exchanger where you can exchange them as it may disappear when developer reset it. AFAIK the resets in the past were only needed because people started to trade testnet coins. The current version, reset the difficulty to 0 if no block is found for 20 minutes, which happens from time to time, so it produces more blocks than the regular network. This also means its easy to get testnet coins. |