Understanding the difference between Testnet and Mainnet in Blockchain.
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#bitcoin #cryptocurrencies #blockchain #icoanalysis #testnet #mainnet
Simplifying Testnet and Mainnet in Blockchain!
This video explains the following to help you understand the blockchain better.
- What is Testnet
- What is Mainnet
- What the purpose is of a Testnet
- What is the difference between Testnet and Mainnet is
Satoshi Nakamoto released Bitcoin as an open source software in 2009. Post its evolution, many alternatives to Bitcoin came into existence. Now termed as Altcoins (Litecoin, Dogecoin etc).
Bitcoin is powered by Blockchain technology, a distributed decentralized incorruptible ledger that records blocks of digital information. Each block created in the chain contains a timestamp and a link to the previous block.
Blockchain, till date remains is considered to be an elusive concept by many and understanding how it works is complicated.
This video aims at explaining the underlying principles of blockchain tech from the bottom up.
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