• Cryptocurrencies: 8 613

Glossary

Trade Volume

Is the amount of the cryptocurrency that has been traded in the last 24 hours.

Transaction (TX)

The act of exchanging cryptocurrencies on a blockchain.

Transaction Fee

A payment for using the blockchain to transact.

Trustless

A property of the blockchain, where no participant needs to trust any other participant for transactions to be enforced as intended.

Tumbler

Another name for a mixing service.

Turing-Complete

Turing-complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. An example of this is the Ethereum Virtual Machine (EVM).

Unconfirmed

A state in which a transaction has not been appended to the blockchain.

Unpermissioned Ledger

A public blockchain.

Unspent Transaction Output

An output of a blockchain transaction that has not been spent, and can be used as an input for new transactions.

UTC Time

Coordinated Universal Time. It is the primary time standard by which the world regulates clocks and time, kept using highly precise atomic clocks combined with the Earth’s rotation.