Tutorial Finance — Testnet version 0.0.1
** Para ler esse artigo em Português, entre no link abaixo https://medium.com/@bizanc/bizanc-tutorial-do-usu%C3%A1rio-completo-48cad8c33bf3 **
1.0 Tutorial Testnet
This tutorial is a start guide to trading and testing at Bizanc Network Testnet The Bizanc Network (testnet) is directly connected to the bitcoin and ethereum test networks ( https://www.rinkeby.io )
The purpose of the testnet network is to enable API integration tests, app learning, security testing and enable new applications development. Following this tutorial, you will be able to:
- Generate public and private key
- Protect your private key with password
- View balances and funds
- Perform transfers and payouts
- Check mining history and rewards (BIZ)
- View Offer Books (Bids / Asks)
- CandleStick Chart
- Operate with interest asset
- OrderBook (BTC, BIZ, ETH….)
- Submit new orders, price and quantity)
- Check open orders
- Trading history
2.3 Bizanc Network
- Blockchain Status
- Check transactions, offers, deposits and withdrawals
- Average block time, last blocks and transactions per second
- Orders to be mined
- Block information and details (ID, depth, Hash, Nonce, Size, Difficulty …)
3.0 Bizanc (BIZ) Blockchain Testnet
The Bizanc Ominichain Testnet network is a simulation of the Bizanc production network, all the operations are only for testing purpose.
3.1 Generate new wallet address (BIZ)
In url: http://bizanc.io/wallet , click on icon, indicated in figure below:
By clicking on the + icon, generate a new public and private key, after that click on icon.
Add a security password to your private key. All transactions will require the security password.
***Do not share your private key with ANYONE, it’s yours and yours alone, we will NEVER request your private key.***
After performing the process above, you should see your public key 5zF+ebbKBLY05okMinbtS4AXFAS1oQ8Xvo/pVxexwy4= next to your wallet as shown in the figure below.
Using the follow public key YSJWr2F4dlPjDTA9FuDwZFnm280aeVuP5FpzKdNnykc= with balance as indicated in the list below:
- ETH: 1000
- TBRL: 10000
- BTC: 1000
- BIZ: 227858
Transfer 250 ETH from wallet: YSJWr2F4dlPjDTA9FuDwZFnm280aeVuP5FpzKdNnykc=
By clicking the send button, enter your password to sign the transaction with the private key (stored and encrypted in your browser)
After signing the transaction, result equal to this
We can verify that the portfolio fDoY… send 250 ETH to wallet 5zF+… Done, operation completed successfully.
3.3 Market crypto operations
In url: http://bizanc.io/market access market.
Video that helps explain the platform operation https://www.youtube.com/watch?v=BPYPJL8eFfQ&feature=youtu.be
3.3.1 Reference Currency
Shows data chart and orders books in relation to the selected asset, in the example of the figure below we select the BTC.
Following it, the price of ETH, BIZ, TBRL and any other asset will be shown in relation to the BTC.
3.3.2 CandleStick Chart
It will show the following price information
The chart below shows the opening and closing CandleStick and the Trading Volume during the specific time period.
Chart is directly related to the Reference Currency.
3.3.3 Assets operation
Choose the asset to carry out operations with the ETH asset as indicated in the figure below.
Now we will submit a purchase order using the BIZ currency, and the ETH as Asset of interest. According to the figure below, we are using the BIZ for the purchase of ETH.
Therefore, we are buying 1,0001 ETH using 10.1 BIZ for each ETH. And the same process applies to sales, as shown in the figure below.
It shows we are selling 1,000 ETH to receive at least 10.1 BIZ for each ETH sold.
3.3.4 Order submit
Submitting the order with the price, you must enter the security password to decrypt a private key, as indicated in the figure below.
Purchase 1 BIZ, with 11.2 ETH per BIZ.
3.3.5 Cancel orders
To cancel order, click on the symbol link as follows
3.3.6 Order Book
Left (buy) and right (sale)
- Wallet User
Once the new bid of ETH has been submitted, there is a new transaction as follow below.
If the price match occurs, the trade will occur automatically. And it will be registered in the blockchain, as indicated in the Trades tab.
3.4 Bizanc Ominichain Explorer
In url: http://bizanc.io/explorer acessing the blockchain info. Dashboard shows:
- Status of network
- Mining and block statistics
- Recent transactions
Now you are able to follow blockchain information realtime
4.0 Bitcoin (BTC) Testnet
- Download e install electrum https://electrum.org/#download
- Tutorial e configuration — https://wemovecoins.com/electrum-tutorial/
- Configuration Testnet — https://bitzuma.com/posts/a-beginners-guide-to-the-electrum-bitcoin-wallet/#testn et-mode
For the Bitcoin network, there is no user interface for configuration, in addition the configuration process differs for one of the operating systems, so we will show step by step in each operating system.
4.1.1 Windows configuration
Right-click the icon
on your desktop, select the option properties. You should select the “shortcut” tab, and write “ — testnet” as indicated in the figure below.
By clicking OK, your testnet environment for windows is configured.
4.1.2 Mac configuration
Open the Mac terminal, and open the text editor as specified in the command below.
When opening the electrum file, type
open -n /Applications/Electrum.app — args — testnet
The terminal should have this visual characteristic.
Now save the file by pressing control-x and type Y to confirm. then type on terminal.
chmod +x ~/Desktop/electrum
Go to your desktop, and the icon like this should be present on your screen.
Okay, now electrum should connect to bitcoin testnet.
4.1.3 Linux configuration
Open the Linux terminal, and open the text editor as specified in the command below.
Then type the following commands in the file
Save the file by pressing control-x, confirm with Y and press enter. Now the “Electrum Testnet” icon should be on your desktop.
To generate an executable, type the following command on the terminal.
chmod +x ~/Desktop/electrum.desktop
This icon should appear on your desktop.
Okay, now you’re ready to start connectivity with Bitcoin’s testnet.
4.1.4 Testnet connection verification
It is extremely important to check if Electrum is actually connecting to the Bitcoin TestNet network. To check this, go to the receive tab as shown in the figure below.
The wallet indicated in Receiving address, start with “n” or “m”, this means that the wallet is running in Testnet.
4.1.5 Servers Testnet
In case the Electrum does not establish connectivity automatically (the circle will be red), click on the circle, and go to the server tab as indicated in the figure.
Unselect servers automatically and choose a server to connect to.
- testnet.hsmiths.com 53012
- testnet.hsmiths.com 53011
- hsmithsxurybd7uh.onion 53011
- testnet.qtornado.com 51001
- testnet.qtornado.com 51002
Now the electrum is set up, and ready to be used.
Using Electrum (BTC)
In the history tab you can view your balance and the amounts transferred or received from your wallet.
In the send tab, you can send the quantity of bitcoins to any wallet in the network, as shown in the figure below.
In the Receive tab, you can share your public key to receive quantity of Bitcoin of your choice.
The buttons shown in the figure below are used to customize the electrum, as such switch the passwords and check connectivity with in testnet.
Now we can use the electrum to get funds in BTC.
Get funds (BTC)
To get funds into bitcoin network, access the url: https://testnet.coinfaucet.eu/en/ Copy and paste your Bitcoin testnet wallet, select reCAPTCHA and click get Bitcoins!
Then the transaction will be placed in the mining pool and you should see the following message.
In your wallet, we will have the first unconfirmed transaction, when any miners process this transaction the BTC’s will be credited to your wallet.
Now you can already deposit into the Bizanc network
4.4 Deposit funds (BTC)
Note: Electrum Testnet must be installed and logged in, otherwise go back to the Prerequisites tab. 4.1.1
Clicking on the Deposit button, enter the public key of Bizanc, enter the desired value and generate the deposit, as indicated in the figure below.
Copy and paste the value generated from the Bitcoin Transaction tab:
346765436e61363754476b6452435364326971395950773736786f694e517668574552 57316e61746a4c4c62, 0 mzVr7Pk8gjWQBGqkGdcn5MZRS9ToxPWTXj, 0.001
Go to the Electrum Testnet, on the Send tab and paste in the Pay to field.
When you click send, enter the password of the Electrum Testnet
You will receive a confirmation transaction.
Wait for the blocks in the Bizanc and Bitcoin network to be confirmed. It will have 0.001 Bitcoin credited in the Bizanc wallet, as shown in the picture below.
The deposit has been successfully completed.
4.5 Withdrawals funds (BTC)
To make a withdrawal of Bitcoin, place the public key of the wallet, and indicate the value desired for withdrawal and click on withdraw.
Then, sign the withdraw transaction.
After mining the Bizanc blocks and Bitcoin, your funds will be credited in the wallet of your nomination in the bitcoin network.
5.0 Ethereum (ETH) Testnet Rinkeby
- Install metamask https://medium.com/@followcoin/how-to-install-metamask-88cbdabc1d28
- Introduction to metamask — https://www.youtube.com/watch?v=6Gf_kRE4MJU
5.1.1 Metamask configuration
By clicking in Metamask button in the upper right corner of your browser (Firefox or Google Chrome)
you should see the screen with the fox, as shown below.
Next, you must set the password for access to Metamask installed in your browser.
Okay, now you have Metamask installed and with a password to access your funds.
5.2 Using metamask (ETH)
5.2.1 Rede Rinkeby.io
Select the rinkeby testnet
Then enter the newly created password at installation time
You will be logged in on Metamask.
5.2.2 Account 1 — Metamask
According to the figure above we have:
- Testnet Rinkeby selected
- Account 1, represented by public address 0x8036..be68
- Transaction History
By clicking on the colored circle in the right corner above, you can manage your accounts, create or exit Metamask among other options.
Now you’re already in Metamask configured, and ready to use.
5.2 Get Funds (ETH)
In order to test in our network, you must have funds in your ethereum wallet, which has been pre-configured in steps 5.1.1.
5.2.1 Faucet instantaneous (0.001 Ether)
If you are interested in getting ethers instantly use http://rinkeby-faucet.com
Quantity and waiting time
- 0,001 ether — Instantaneous
After submitting, your ether must be credited to your wallet in a few seconds.
5.2.2 Faucet Social Media (3–18,75 Ether)
Get funds into rinkeby network — https://faucet.rinkeby.io/
Copy and paste the address (public key) 0x8036..be68 from your wallet created in rinkeby testnet
Quantity ethers e waiting time
- 3 ethers — 8 hours
- 7.5 ethers — 1 day
- 18,75 ethers — 3 days
After the submit, your ether must be credited to your wallet within the time frame stipulated above.
5.3 Deposit funds (ETH)
Note: metamask must be installed and logged in the rinkeby.io network, otherwise go back to the Prerequisites tab.
On the Balances tab, clicking the Deposit button
You can view the following screen
In it, it is possible to place the public key of the BIZ wallet to be credited, as well as the value and the desired asset.
When confirming the transaction, wait for the Ethereum network mining and the Bizanc network mining, as soon as the process completes, you should see the following result
Now the wallet F8daWobD1O6bIcgS52tldY7b3sNLsoAdDxDJHIlyDPk= has 0.001 ETH.
5.4 Wildrawals funds (ETH):
Note: metamask must be installed and logged in the rinkeby.io network, otherwise go back to the Prerequisites tab.
In url: http://bizanc.io/wallet Using wallet 4geCna67TGkdRCSd2iq9YPw76xoiNQvhWERW1natjLLb
Doing withdrawal to wallet on the ETH network 0x8036458d0105358a3d4c3a911991333e7ec5be68, with balance 1.981 ETH, confirm as indicated in the figure below.
To make the ETH withdrawal click the button , in it you will need to place the public key of the Ethereum wallet and the amount you wish to withdraw.
Then, sign the transaction using the password.
At the end of the closures of the Bizanc and Ethereum blocks, we will have a result like this.
Your funds have already been credited to your wallet indicated on the ethereum testnet network.
For further information, please get in bizanc.io
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Thanks for reading!