Glossary-T

T

Testnet

A separate blockchain network that mimics a main network that provides a safe environment for testing and experimentation purposes.

See also: #Faucet, #Mainnet

Ticker Symbol

A unique combination of letters representing assets, stock, or cryptocurrencies on various exchanges. Often limited to three letters, but may be longer.

Token

A programmable, digital asset on a blockchain that acts as a certificate of ownership, enabling the transfer and exchange of value within the web3 ecosystem.

See also: #Coin, #Cryptocurrency, #NFT, #Tokenomics, #Wrapped Token

Tokenization

The process by which data, tangible assets, intangible assets, and digital ownership are represented on a blockchain network. Tokenization allows for fractional ownership, transparent records or ownership and activity, integration with decentralized applications, and participation in decentralized autonomous organizations (DAOs).

See also: #DAO, #Fractionalize, #Token, #Tokenomics, #Wrapped Token

Tokenomics

A portmanteau of “token” and “economics.”

The overall economics and mechanisms that govern token values and circulation within the ecosystem of a specific blockchain project.

See also: #Token

Total Value Locked

A #DeFi metric used to measure the value of all digital assets locked in specific protocols.

TPS

Acronym - Transactions Per Second

Transaction

The transfer or exchange of tokens or data on a blockchain network marked by a digitally signed message that executes the event.

See also: #Block Explorer, #Transaction Fee, #Transaction Hash, #Transaction Pool

Transaction Fee

The cost associated with completing a transaction on a blockchain network, paid by the sender to incentivize network participants to authenticate and include the event in a block with other transactions.

See also: #Gas, #Gas Estimator, #Gas Fees, #Gas Limit, #Gas Price, #Max Fee Per Gas

Transaction Hash

A string of alphanumeric characters generated through a hashing algorithm assigned to an individual transaction on a blockchain network acting as a unique identifier.

Also known as a transaction ID or shortened to “tx hash.”

See also: #Block Explorer, #Transaction, #Transaction Fee, #Transaction Pool

Transaction Pool

See #Mempool

Trilemma

See #Blockchain Trilemma

TVL

Acronym - #Total Value Locked'

Txn

Abbreviation - #Transaction