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