I am new to parity and wanted clarity on the clarity development chain

Is it like testrpc ie. stored in local and not like the testnets (ropsten, kovan and rinkeby) which are simulation blockchains?

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The private development chain is only a local blockchain-development environment unless you add additional peers.

Ropsten, Kovan, and Rinkeby are public testnets shared with other developers.

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