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UTXO

Posted in July 6, 2023 by

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Stands for Unspent Transaction Output. For instance, if someone receives 1 BTC and holds onto it, they own a UTXO.

Unstoppable Code

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Refers to software that causes irreversible changes in an environment once it is deployed. For instance, Bitcoin’s code, once initiated and distributed across numerous machines, became practically indestructible.

Token

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A type of cryptocurrency generated on an existing platform (like Ethereum). Tokens function by leveraging the technology of the platform on which they were developed.

Trade Volume

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Quantifies the frequency and intensity of a cryptocurrency’s trading activities during a specific time period.

Taint

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A metric that evaluates the degree of connection between an address and preceding transaction addresses.

TCP/IP

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Stands for Transmission Control Protocol/Internet Protocol. It comprises a set of protocols that enable communication among multiple computers.

Timestamp

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A numerical sequence identifying the exact moment a transaction took place.

Total Coin Supply

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A metric that denotes the maximum quantity of a particular cryptocurrency that can ever exist (once all mining, if applicable, is completed).

Transaction Fee

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The fee incurred for conducting a value transfer on a blockchain.

Tx

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Abbreviation for Transaction.