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Home Cryptocurrency

Network Testing: A Path to Earning Cryptocurrency

Marc Paillard by Marc Paillard
19 May 2023
in Cryptocurrency
Reading Time: 3 mins read
0
Network-Testing--A-Path-to-Earning-Cryptocurrencyy

As more blockchains get announced, we’re seeing a constant stream of airdrop headlines on social media. So why are these blockchains doing airdrops and what do we need to do to benefit from it?

Before a new blockchain, cryptocurrency or application is released, it tries to solve any problems that may arise during the testnet phase. In this phase, they try to get more users to test it to see if there are more problems, if the software works under intensity, and if there are any possible attack situations. That’s why many companies try to attract users with airdrops for their new apps or networks.

Blockchain engineers and smart contract developers launch the testnet by offering the first version of the product they want to release to users. While there are separate test areas for software experts, ordinary users are also given the opportunity to try the testnet with simple operations. At this stage, the testnet networks of the networks in the blockchain are used. In these networks, transactions are made using free testnet tokens for free.

Table of Contents

Toggle
  • Are Testnet Coins Worth Anything?
    • YOU MAY BE INTERESTED
    • From ‘Shut It Down’ to ‘Sign It Up’: How JPMorgan Bows to Bitcoin
    • Stablecoin Bill Passes But Trump’s Coin Shadows the Debate
  • What Does Testnet Mean For Those Who Are Just Users On The Blockchain?
  • How Can I Access The Testnet?
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Are Testnet Coins Worth Anything?

Even though we wrote above that testnet coins can be obtained for free, the coins of large networks, especially Goerli Ethereum (gETH), are highly needed by developers or those who work a lot on testnet. Every 24 hours, a certain amount of testnet coins are not enough for these users. In this case, some platforms called faucets run out of testnet coins. In these cases, users have to buy testnet coins from the cryptocurrency market. For example, gETH cannot be sold on centralized cryptocurrency exchanges such as Binance and Coinbase, but it can be bought or sold on decentralized exchanges such as UniSwap for around $1.

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20 May 2025

Network-Testing--A-Path-to-Earning-Cryptocurrencyy-2

What Does Testnet Mean For Those Who Are Just Users On The Blockchain?

The testnet allows users to earn airdrops through some tasks that don’t take long. So far, the largest testnet airdrop reward was given by Aptos. The platform distributed between 150-300 APTs to those who became node validators on the testnet or who mint NFTs at this stage. The value of this was around 5,000 dollars.

How Can I Access The Testnet?

Participating in testnets is easy and many platforms use the MetaMask wallet for this. MetaMask’s open-source testnet wallets can be used on many networks. The platform you are going to testnet on explains the network it will use and asks you to set up a wallet on that network. The easiest way to do this on MetaMask is to connect your wallet by entering the Chainlist site. After connecting your wallet, you are asked to search for the requested network on the site by checking “Include Testnets” at the top of the site. Then the site automatically sets up the wallet by setting up the appropriate network for you.

 

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Marc Paillard

Marc Paillard

Business and Economy Writer Hello there! My name is Marc Paillard and I am a journalist with a passion for economics and cryptocurrency. With over 10 years of experience in the field, I have a keen interest in global economics and how it affects our daily lives. As a daily news writer, I am committed to delivering accurate and timely information to my readers. I believe that staying informed is crucial to making smart decisions, and I work hard to provide my readers with the insights they need to succeed. In addition to my work in general economics, I am also deeply interested in the world of cryptocurrency. I believe that these innovative technologies have the potential to transform the financial industry, and I enjoy exploring the possibilities through my writing.

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