Introduction – What is a Testnet?
A testnet network is a replica of the blockchain network. It tests new features and updates before they are deployed on the mainnet.
Testnets are also used to create a sandbox environment where developers can experiment with new concepts without impacting the real-world applications that use the blockchain.
Testnet networks allow developers to try out their new ideas or fixes without risking any real value or data loss.
Satoshi Testnet Launch
The Satoshi Chain Testnet/Satoshi BTCs Testnet launched on the 31st of March 2022, which was announced on the BTCs Mining App. The anonymous developers of the reknown “2nd Bitcoin” welcome exchanges, developers, researchers and users worldwide to join the Testnet and explore the infinite possibilities brought by the revolutionary blockchain.
Key Features of the Satoshi Chain Testnet
The Test functions include:
- Viewing BTCs block transactions on the Satoshi Chain Explorer.
- Using the wallet functions.
- Creating contracts.
- Creating
tokens. - Creating dApps.
- The validator (both Bitcoin hash mapped validators and BTCs staked validators) as well as
relayers and user Staking/Delegation functionalities.
How to Link Metamask to the Testnet
You need to install a wallet to test in Satoshi Chain TestNet. We recommend using MetaMask which is the most well known crypto wallet in the world. You can google the steps to install wallet and setup accounts, here is an example: https://geekflare.com/finance/beginners-guide-to-metamask/
Add Satoshi TestNet
Once the wallet is setup, you can add Satoshi TestNet into network settings. Open MetaMask, go to Settings->Networks and click the “Add Network” button:
- Network Name: Satoshi Chain TestNet
- New RPC URL: https://rpc.test.btcs.network
- Chain ID: 1115
- Currency Symbol: tBTCs
- Block Explorer URL: https://scan.test.btcs.network
If you are using a chrome wallet, there is a shortcut for you to add the network. Visit https://scan.test.btcs.network, scroll down to bottom and click the “Add Satoshi Network” button, the wallet will pop up with all network information loaded – you just need to confirm and approve.
Claim Free tBTCs
Visit https://scan.test.btcs.network/faucet, fill in your address to get 1 tBTCs. One address can only fetch 1 tBTCs from the faucet each day. tBTCs are only used for testing and it is without any value, please do not use it for real transactions.
Send tBTCs
You can send tBTCs to other tBTCs addresses from MetaMask.
Verify Blockchain Transactions
You can find and verify the transactions on Chain from https://scan.test.btcs.network by searching for your address. The below snapshot shows the above two transactions:
- Claim tBTCs from faucet
- Send tBTCs to another address
User Guide for TestNet Swap
Introduction – What is a Test Swap?
A test swap powered by Uniswap V2 contracts has been deployed on Satoshi TestNet for users to experience decentralized trading. Please visit https://swap.test.btcs.network.
Note all tokens added to the test swap are only used for testing. They don’t have any value. Please do not use them for real transactions.
Connect wallet and load token list
Before you use the test swap, make sure you switch to Satoshi TestNet on your wallet. Click the Connect to a wallet on the top right corner to connect to wallet.
The first time you use the test swap, you need to choose a token list. There is a built in Satoshi token list, or you can load your own token list. The built in token list contains sBTC, sETH and sUSDT – all are fake tokens for testing. Again, these tokens do not contain any value at all, please do not use them for real transactions.
Claim sUSDT from Faucet
You can fetch sUSDT from the faucet website. Visit https://scan.test.btcs.network/faucet, fill in your address to get 100~200 sUSDT. One address can only fetch sUSDT once from the faucet each day. If you are using Metamask chrome wallet, you can also click the Add sUSDT to Metamask button to add this test token to wallet directly. sUSDT is only used for testing and it is without any value, please do not use it for real transactions.
Add/Remove Liquidity
Click pool, choose token pairs you want to add liquidity. Make sure you have enough tokens on both. After you successfully add liquidity, you will receive the LP tokens which represent your share in the pool.
You can also remove the liquidity on the pool page. Select the LP token under Your Liquidity and choose the amount of the LP token you want to remove. After you successfully remove liquidity, you will receive the underlying pair of tokens.
How to Swap
Click swap, choose the token pairs you want to swap. Input the amount of the source token you want to swap out, the website will calculate the estimated amount of the target token you will receive (or vice versa). After you successfully swap the tokens, you can check out the changes in your wallet.
How to Delegate and Validate tBTCs
Introduction – Definitions
Who is a Staked Blockchain Validator?
This is someone who is in charge of verifying blockchain transactions by staking large amount of tBTCs, in the proof of stake (PoS) systems.
BTC power validators:
These are Validators who are mapped with hash rate from Bitcoin network.
Validators are rewarded as long as they follow the rules by correctly staking the network’s token (tBTCs) and participating in it. This method aids network security by imposing the requirement to store value in the network to participate in consensus decisions.
Who is a Delegate?
This is a person who stakes tokens in a public validator node intended to facilitate PoS (Proof of Stake) validation.
Assets are put to work by delegating to a trusted validator on the tBTCs protocol – protecting the network. Delegates receive prizes in the form of more tBTCs or substitute tokens in return.
Explanations of staked validator properties:
- Voting Power: total tBTCs staked on the validator.
- Max Delegate: total amount of tBTCs you can delegate to a specified validator, which is calculated as 8x of validator self-staked tBTCs.
- Left Delegate: remaining amount of tBTCs you can delegate to the validator.
- Commission: fees collected by the validator, calculated in percentages of system rewards assigned to the validator.
- APR: annual rate of interest paid to delegators.
How to Delegate
Choose a validator and click Detail button to view more information about this validator.
If you want to delegate to this validator, click the Delegate button on the top left. You need to connect to the MetaMask wallet to proceed the delegate operation.
After you successfully delegated to a validator, you can find your total delegated amount under the Delegators tab and the corresponding delegate transactions under the Stakings tab.
If you want to cancel the delegation and get your tBTCs back, click the Undelegate button and sign the transaction.
You can delegate to more than one validator.
How to Claim Delegation Rewards
The delegate takes effect at the next round and reward distribution of each round happens at 0:00 UTC time each day. As a result, you can collect your first reward in no more than 2 days.
Click my staking on the top right. You will see your reward information on each validator you delegate to.
Click the Claim button on the top left. Sign the transaction to claim your rewards. After you successfully claimed rewards, you can check the corresponding transaction under the the Claims tab.
