Bitcoin Testnet vs Regtest - Reading Assignment

Bitcoin Programming 101
#41

Bitcoin testnet is a bitcoin network used for software and application testing and for user testing.
This network is “live” and you can open channels, connect to peers, etc. Bitcoin from the test network is worthless and cannot be used on the bitcoin mainnet.

Benefits of testnet:

  • costs nothing to use.
  • can connect to random peers and open channels.
  • used to test applications in a safe environment.
  • allows testing functionality that is not on the mainnet.

Disadvantages of testnet:

  • we have to wait for the block to be mined.
  • testnet is not as widely used as the mainnet.

Bitcoin Core’s regtest mode allows you to create a private Blockchain locally on your machine, with the same rules as in testnet. In regtest mode, we have complete control over all blocks to be mined.

Benefits of regtest mode:

  • locally on the machine.
  • full control of the environment.
  • instant, no waiting for transactions.
  • no risk.

Disadvantages of regtest mode:

  • needs 100 confirmations.
  • cannot connect to random peers or open channels.
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#42

Bitcoin Testnet vs Regtest - Reading Assignment

What is testnet in Bitcoin?

Testnet is a community run blockchain where one can test applications without the risk of loosing real satoshi’s

What is regtest mode?

Regtest is an environment where you can enter raw commands and test locally on a blockchain you create on demand.

What is the advantage and disadvantage of each?

testnet advantages

  1. Its safer and cheaper than on the mainnet
  2. Ability to test functions not yet enabled on mainnet

testnet disadvantages

  1. Satoshi’s aren’t real
  2. There may be a time lag when testing new applications as it is an envoirnment like mainnet

regtest advantages

  1. It doesn’t require other peers to operate it.
  2. Good learning environment for learning about multiple inputs and outputs
  3. You can instantly create new blockchains on demand.
  4. The best environment for testing new applications.
  5. Shows some of the dangers of using raw commands on mainnet such as maleable vulnerabilities by not filling out certain fields correctly.
  6. You have complete control over the environment.

regtest disadvantages

  1. It lacks random peers to interact with.
#43

  1. It is a public blockchain very similar to bitcoin that is used to test new applications. It is run by the community free of charge and the coins have no value, which is why it is great for testing.

  2. It lets you create a private blockchain run only on your computer. This is ideal for testing/developing because you can have blocks created whenever you want.

  3. Regtest mode is useful for early development because you have total control of the environment. You can also easily start over with a new blockchain if you screw up or just want to start from scratch.
    Disadvantage: You don’t really know if your program will function properly on the mainnet.

Testnet is basically the bitcoin blockchain without monetary value, so it is useful for testing your applications once you are pretty sure they will work but still want to be sure they will perform correctly on a public network.
Disadvantage: It is a real blockchain that needs confirmations, so it can take a while to test your application.

#44
  1. A global testing environment in which everyone can get and spend satoshis that have no value on a network that is very similar to the mainnet
  2. It is a private blockchain with the same basic rules as testnet, however, it will allow the administrator to choose when to create new blocks. Which means one has complete control over the network.
  3. Testnet means that one uses the public test network. While regtest is when one creates a private test network. Testnet is going to be easier to use for testing applications. On the other hand, when someone creates the regtest network, one will have to mine the coins and constantly mine blocks and send them via command line / RPC. Whereas if the person just wants new coins then all that needed is to send someone the testnet address and this person will send the coins.
#45

  1. Developers need ways to test what they have created is functional when they run it live on the bitcoin main network. The bitcoin testnet allows developers to safely and cheaply run functions that might be disabled on the mainnet The bitcoins used on the testnet have no real world monetary value and can be acquired from Piotr Piasecki’s testnet faucet.

  2. Regtest is similar to the Testnet with the the major difference being that you run the entire blockchain as a single and self-contained entity. This condition allows a user to create blocks on demand and have complete control over the network.

  3. The advantages of the testnet are that it allows developers to run their functions in a simulated environment very similar to the bitcoin main net with the reassuring knowledge that any funds they lose will not have any negative economic impact on them in the real world. The regtest has the same utility as the testnet but it is useful to execute functions without having to wait for the network to validate blocks.

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#46
  1. Testnet is an application where you can try out new features and programmes with having to use the main net and spent real satoshis.
  2. The regtest mode makes it actually possible to control the building of new blocks. It is based on a local private blockchain
  3. testnet: you are actually communicating with peers and work under simulated reality (like 10 minutes to build a block). With regtest you don’t have to wait until a block is mined.
    Testnet is closer to reality, but requires more time. Retest requires less time, but is not so realistic.
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#47
  1. What is testnet in Bitcoin? Its a public simulation platform where developers can testout currently disabled functions and intract with random peers and blocks.
  2. **What is regtest mode?**The private blockchain testnet for scripting and testing off of the main block chain. Here user is free to create new block at any time.
  3. What is the advantage and disadvantage of each? (TRY TO THINK FOR YOURSELF)
  4. Testnet- Advantages- safer-satoshi spent has zero value, less restrictions-one can test currently disabled functions,a more realistic simulation and a platform to test ideas publicly by the interacting with random peers and blocks.
    Disadvantages-Restriction of creating new block time, Getting used to a less restrictive free of risk environment, Creating an opposing group within the community based on disagreements upon resrictions and solutions.
  5. Regtest- Advantages -Risk free. Restriction free. Time free-Create new block at any time. Full control on the environment gives the best platform to create new apps.
    Disadvantages-Less realistic- products will have to go a certain adaptation process developers might get ‘spoiled’.
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#48

  1. The testnet provides testing tools designed to let developers test their applications with reduced risks and limitations.

  2. Regtest - It enables you to instantly create a brand-new private blockchain with the same basic rules as the testnet but with one major difference, user chooses when to create new blocks so he has complete control over the environment. Can also create satoshis with no real-world value.

  3. Testnet - Advantages - Can test functions which might currently be disabled by default on mainnet. It is also cheaper, closer to real chain experience and safer as SATs have no real value.
    Disadvantage - Need to find a faucet to get real satoshis and it is slower than regtest.
    Regtest - Advantage- Complete control over the environment - Disadvantage - It does not allow you to interact with random peers and blocks. It doesn’t need to connect to the network hence it doesn’t provide a real world experience.

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#49

  • What is testnet in Bitcoin?
    With testnet you can develop applications without any risk.

  • What is regtest mode?
    regtest is a testnet with more control over the network.

  • What is the advantage and disadvantage of each? (TRY TO THINK FOR YOURSELF)
    With testnet you can test your app before going live and losing anything and with regtest, you have more control over the bitcoin network and you need not to wait for blocks to confirm.

#50

  1. What is testnet in Bitcoin?
    A network used by developers to use their bitcoin node for TESTING purposes, in this mode, you can deploy any application you are currently working for bitcoin and test it against other test-nodes in a reduced risk environment.

  2. What is regtest mode?
    A local network mode that allows the node to create his own private blockchain for testing purposes.
    This mode does not need to be connected to internet, since its designed to run only on your computer without communication with other nodes.

  3. What is the advantage and disadvantage of each? (TRY TO THINK FOR YOURSELF)
    Advantages:
    Testnet is a public blockchain without any real value to be put at risk, it work exactly like a main net but without true real value.
    Regtest is a local private blockchain without having to work exactly has a mainnet or testnet, you can mine blocks, transactions and any stuff you like without restrictions and is much faster than the testnet.
    Disadvantage
    Testnet is very slow to create new blocks and to process transactions.
    Regnet does not provide any real world application since it cant communicate with other nodes.

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#51

Most importantly, in testnet you have like a real environment where you need to wait for blocks to get mined like on mainnet. it,'s not all local. while on regtest, everything is local and very fast, without any consensus or other nodes involved

#52

  1. It behaves and acts quite similarly to the main network in bitcoin. It is essentially the same thing with much less hash power and no one considers that network to be a currency or store of value.

  2. Regtest mode allows you to run a whole bitcoin network on your local machine.

  3. Regtest is good for developing an application in its early phase. It bypasses the need to to wait 10 minutes for a confirmation. This speeds up development time and doesn’t waste network resources where errors will be prime. While this is the bitcoin software the environments can differ which might mean that things you didn’t foresee could occur.

    Using testnet is great when your application is nearing a level where it can be deployed to production and you want to test it in an environment that simulates a production environment as much as possible without the risk of losing any real UTXOs. Waiting for block confirmations can be a real hindrance on quick development which is why regtest mode is so important to be used in conjunction with this mode as the two compliment each other.

#53

This is out the topic sorry.
Hi, can anyone help me where to find the file of 3 kinds of Deamon
where you can get betcoind. I thought it would come with the full node when you download at Bitcoin Core. I can’t find it on my Window 10 or I just know where to look. Please I need help… thanks.

roy

#54

  1. The testnet is a simulation of the blockchain and btc where you can Test your work publicly

  2. The regtest is a mode in between the testnet and the mainnet. This allows you to Test you work privately where a simulative blockchain is only present into your PC. You can manually modify events if you looking for a specific case scenario.

  3. Regtest:

  • Pros: you don’t have to wait for anything so you decide what happens and when;

  • Cons: This is not a realistic experience so you have to be careful with parameters from you chosen;

    Testnet:

  • Pros: simulate the same mainnet scenario;

  • Cons: operations take time and you’d need real satoshi to operate.

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#55
  1. What is testnet in Bitcoin? The developer testnet is a public resource that imitates bitcoin core’s methods and processes creating a more relaistic environment.
  2. What is regtest mode? Regression test mode let you instantly create a brand new private blockchain, allowing you to choose when you want to create a new block. Not connected to other peers.
  3. What is the advantage and disadvantage of each? (TRY TO THINK FOR YOURSELF)
    Testnet: Advantages - requires actions compatible with the real blockchain so one is less likely to make a big mistake if emulating a creation on the real blockchain.Run with no “arguments” defaulting to main network, cheaper and safer as satoshi’s have no real world value. Some restrictions on standard tx’s are relaxed. Disadvantages - less control over the process is had. Bad players could abuse it.
    Regtest: Advantages - Greater level of convenience and flexibility, fast block creation, located on ones own local computer. Disadvantages- only the first 150 blocks pay a reward of 50 Bitcoin. Mistakes in raw transactions may not be detected in Bitcoin core, easy to accidentally pay a large tx fee and lose bitcoins. Transactions that spend outputs from unconfirmed tx’s are vulnerable to tx maleability.
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#56
  • What is testnet in Bitcoin?

The testnet is a place on Bitcoin Core, off of the ‘mainnet’ where individuals may test out their applications without the risk of loosing real bitcoin.

  • What is regtest mode?

Regtest is a mode in which the user has complete control over the environment, the user may decide when blocks are created and can test out any new functions, all with ‘play’ bitcoin.

  • What is the advantage and disadvantage of each? (TRY TO THINK FOR YOURSELF)

The advantages of the testnet is that any programmer may get realworld use of their product on the testnet without the risk of loosing their or anyone elses BTC, unfortunately testing takes time.

The advantages of Regtest is that the developer may develope a program that they may simulate as much as they desire, however if there is an underlying problem that the developer does not see, then it be risky if placed on the mainnet.

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#57

In program files\bitcoin\daemon

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#58
  1. a seperate test network still supported but the bitcoin is worthless.
  2. a “network” running only on your machine that starts with nothing in it.
  3. With regtest, you are only making up transactions with a test network, you are actually participating with other nodes and transactions.
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#59

  1. Bitcoin Testnet is a live version of the main Bitcoin network, not linked to the main network, but following almost all the same protocols, including live Satohis - which are synthetic, and have no real world fungible value.

  2. Regtest mode is a more stripped down local version of the Testnet, and simulations can be run faster due to control over block time.

  3. Testnet follows the main net in that blocks are produced by mining every 10 minutes, so it will take some time to get free Sats to use from the faucet, and you will have to wait the usual timescale for TX to be confirmed etc. However, you will see your work in action in a live setting and presumably get feedback on errors etc. Regtest presumably strips out most of this waiting as it’s a privately run simulation that allows you to run many but not all aspects and troubleshoot before a more refined run through on Testnet.

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#60
  1. Testnet is a public version of the Bitcoin blockchain that does not use real Bitcoins. You can get test Bitcoins to spend in testing from faucets.
  2. regtest mode is a mode of bitcoin core where you develop/test using a local version of a bitcoin blockchain that only exists on your PC.
  3. regtest is better for initial development because you do not have to wait for confirmations, or spend testnet bitcoin (which, while free, take some time to get from the faucet), and also allow you to debug more quickly without cluttering up the public testnet with your buggy early code.
    testnet is good once the application works well in regtest, to test if it works in a public blockchain running very similar to the real Bitcoin blockchain, with confirmation times, using testnet bitcoin, etc. It is the natural step before moving an application to mainnet.
    it is good to develop on these networks until your code is ready for production also because you save unnecessary fees.
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