What is Rinkeby in Cryptocurrencies ?

Rinkeby is an Ethereum testnet. Testnets are typically used by developers to test their applications or software before deploying them in production or mainnet.

Crypto-currencies held on testnet does not contain any value. Rinkeby testnet, unlike Ethereum mainnet, is a Proof-of-Authority network, as opposed to a Proof-of Work network like Ethereum mainnet. Rinkeby has average block time of 15 seconds and average network hashrate of 0.1 Hexa hashes per second.



You May Interest

What is NGMI (Not Going To Make It) in Crypto World ?

What is Double Spending in Cryptocurrency ?

What is Checksum in Blockchain World ?

What is Over-the-top (OTT)?

What is Zero Knowledge Proof in Cryptography (ZKP) ?