For the past few weeks, a series of cryptionaries are posted in Cryptonetwork.news. And now, to wrap up the cryptionary, these are the crypto terms from T – Z.
Technical Analysis (TA)
This uses a trading tool to look at historical data on a cryptocurrency in the hope of forecasting its future.
Test Net
When a cryptocurrency creator is testing out a new version of a blockchain, it does so on a test net. This runs like a second version of the blockchain but doesn’t impact the primary, active blockchain’s value.
Timestamp
It is the moment in time when a transaction was encrypted and regarded as proof that the data compiled in that transaction existed.
Token
This is what the “coin” of a cryptocurrency is called. Effectively, the digital code defines each fraction, which can be owned, bought, and sold.
Tokenless Ledger
This is when a distributed ledger exists but doesn’t need a currency in which to operate. With these blockchains, the miners upholding the network typically don’t get a reward/payment.
TOR
It is an acronym for “terms of reference.”
Transaction
This is the value of cryptocurrency moved from one entity to another on a blockchain network.
Transaction Fee
These are usually minimal fees given to the miners involved in successfully approving a transaction on the blockchain. If an exchange is involved in facilitating that transaction, it could also cut the overall transaction fee.
Turing Completeness
This happens when a machine can perform all conceivable programmable calculations, then it is Turing complete.
Unconfirmed
A transaction proposed is unconfirmed until the network has examined the blockchain to ensure that there are no other transactions pending involving that same coin.
Unspent Transaction Output (UTXO)
It refers to the amount of cryptocurrency sent to an entity but not sent on elsewhere. These amounts are considered unspent and are the data stored in the blockchain.
Volatility
Cryptocurrency prices are notoriously volatile compared to other assets, as dramatic price shifts can happen quickly.
Wallet
It is defined by a unique code that represents its “address” on the blockchain. The wallet address is public, but within it are several private keys determining ownership of the balance and the balance itself. It can exist in software, hardware, paper, or other forms.
Whale
This term is used to describe extremely wealthy investors or traders who have enough funds to manipulate the market.
Whitelist
The list of interested parties can sign up/register their involvement and intent to purchase or even purchase under pre-sale conditions is also called the whitelist.
White Paper
This is a detailed explanation of a cryptocurrency, planned to offer sufficient technical information, explain the purpose of the coin, and set out a roadmap for its plans to succeed. It is designed to persuade investors that it’s a right choice ahead of an ICO.
Zero Confirmation Transaction
This is an alternative phrasing for an unconfirmed transaction.
So there you have it, the Cryptionary. if you haven’t read the previous parts of the cryptionary, here they are:
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