Glosario

T

Token

A digital asset issued on a blockchain. Tokens can represent assets, utility, or ownership and are often used in decentralised applications (dApps).

Testnet

A version of a blockchain used for testing and development purposes, where real cryptocurrency is not at risk.

Tokenomics

The economic model and principles governing a cryptocurrency or token, including its supply, distribution, and utility.

Transaction Fee

A small fee paid to miners or validators for processing and confirming transactions on a blockchain network.

Turing Complete

A system (e.g., Ethereum) capable of performing any computation given the necessary resources, enabling the creation of complex smart contracts.

Token Burn

The permanent removal of cryptocurrency tokens from circulation, often to reduce supply and increase scarcity.

Time Lock

A feature in some cryptocurrencies that restricts the spending of funds until a specific time or block height is reached.

Token Swap

The exchange of one cryptocurrency token for another, often during a migration to a new blockchain.

Transaction Malleability

A vulnerability in some blockchains that allows attackers to alter the unique identifier of a transaction before it is confirmed.

Turing Incomplete

A system (e.g., Bitcoin’s scripting language) that is not capable of performing all types of computations, limiting its use for complex smart contracts.

Testnet Faucet

A service that distributes free testnet cryptocurrency for development and testing purposes.

Trustless

A characteristic of blockchain systems where transactions can occur without requiring trust between parties, thanks to cryptographic verification.

Token Standard

A set of rules and protocols that define how a token operates on a blockchain (e.g., ERC-20, BEP-20).

Transaction Finality

The point at which a transaction is considered irreversible and permanently recorded on the blockchain.