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Testnet

Beginner

A testnet is a parallel version of a blockchain used for testing new features, smart contracts, or applications before deploying them on the mainnet. Testnet tokens have no real-world value, allowing developers to experiment safely without risking any real assets. Popular networks like Ethereum and Bitcoin have public testnets that help ensure software stability and security before being released to the public.

Related Words

Transaction Fee

Beginner

A transaction fee is paid to miners or validators for processing blockchain transactions. It ensures efficiency and network security. On Ethereum, the transaction fee is measured in gas.

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