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.
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.
It is the moment in time when a transaction was encrypted and regarded as proof that the data compiled in that transaction existed.
This is what the “coin” of a cryptocurrency is called. Effectively, the digital code defines each fraction, which can be owned, bought, and sold.
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.
It is an acronym for “terms of reference.”
This is the value of cryptocurrency moved from one entity to another on a blockchain network.
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.
This happens when a machine can perform all conceivable programmable calculations, then it is Turing complete.
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.
Cryptocurrency prices are notoriously volatile compared to other assets, as dramatic price shifts can happen quickly.
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.
This term is used to describe extremely wealthy investors or traders who have enough funds to manipulate the market.
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.
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: