Band Protocol BAND: BandChain Phase 2 Testnet

"As the total value secured by Band Oracles continues to rapidly increase, our team has been diligently and thoroughly working on BandChain Phase 2, codenamed Laozi, with a public testnet coming up next month."

A testnet is an alternative cryptocurrency blockchain, to be used for testing. Testnet coins are separate and distinct from real coins, and are not supposed to have any value. This allows application developers to experiment without resorting to using real coins and not worrying about the integrity and security of the mainnet.