Decryptopedia™

Terms that start with “T”

1. Testnet

   A blockchain that isn’t fully operational and deployed to a production environment. Testnets are great for troubleshooting bugs, testing all features of the blockchain, and confirming that the system is secure before launching to mainnet. Testnets aren’t monetized, so no funds are at risk and no fees are paid.

2. The Merge

   The Merge signifies a time in the future when the Ethereum blockchain transitions from the proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) blockchain.

3. Timestamp

   A timestamp represents some moment in time. In cryptocurrency, a timestamp represents the exact moment in time that a block was mined and validated by a blockchain network. Cryptocurrency exchanges and wallets also provide transaction timestamps that provide a chronological record of all transactions that have taken place over some period of time in that wallet.

4. Token

   A Token is a digital asset that operates on a parent blockchain or on another digital asset’s blockchain because it doesn’t have a blockchain of its own. The term “token” also tends to describe almost all other cryptocurrencies other than Bitcoin and Ethereum, the two largest cryptocurrencies in existence today. Tokens have multiple purposes and use cases.

5. Tor

   Tor, originally called The Onion Router, is a decentralized network that encrypts all user traffic between its servers.The network provides anonymity to anyone that uses it. Because of that feature, the Tor network has become famous for providing access to the Dark Web.

6. Total Supply

   Total Supply refers to the total amount of coins or tokens of a specific cryptocurrency that have been created or mined, that are in circulation, including those that are locked or reserved. Coins that have been burned or destroyed should be subtracted from the total supply amount.

7. Trading Bot

   Crypto trading bots are software apps that do trading-related tasks, in an automated fashion, such as executing crypto trades or providing crypto market alerts.

8. TradingView

   One of the most widely used charting platforms on the planet. Traders can use TradingView to paper trade (demo) or live trade stocks, cryptocurrencies, Forex, indices, futures, and bonds.

9. Transaction Fee

   Fees charged by a blockchain network to execute and validate transactions on that blockchain network. Fees are used to incentivize miners to complete complex and expensive cryptographic problems to validate transaction blocks to the leger of a blockchain.