Bitcoin Terms Beginning with T
Taint is the concept that certain bitcoin are riskier or less acceptable because of their previous owners or possible links to illegal activity.
A taker order is an order that does execute immediately. Taker orders remove liquidity from an exchange’s order book.
The Taproot upgrade is described in BIPs 340, 341, and 342, and introduces the Schnorr signature scheme, Taproot, and Tapscript.
Tapscript is the scripting language used to enable a variety of new transaction types as part of the Taproot upgrade. Tapscript takes advantage of Schnorr signature aggregation.
A tax lot is the combined information about the shares of an asset purchased or sold in a single transaction.
Tax lots track the dates of purchase and sale, cost basis, and transaction size of each asset in your portfolio. Each transaction is considered a unique lot.
tBTC is an abbreviation for testnet bitcoin. Testnet is an alternate version of the Bitcoin blockchain with its own token.
Technical analysis is a strategy of predicting the future price of an asset based on market data. Technical analysis does not consider news events or fundamental value related to the asset in question.
Testnet is a parallel blockchain to Bitcoin’s blockchain, used solely for testing and development. The testnet network has a separate token which has no monetary value.
Thiers’ law states that good money will drive out bad money. Thiers’ law is most applicable when a currency loses so much value that it is no longer accepted as a means of payment by merchants.
A tick size is the minimum price movement of an asset on a given market. A tick size can be a fraction of an asset, or it can be represented with decimal places.
Time preference refers to the preference to own an asset at an earlier date as opposed to a later one. Financially, it is normally best to own an asset as soon as possible.
Time-Weighted Average Price (TWAP) is the measure of an asset’s average price over a period of time. TWAP is used as a method for purchasing a large amount of an asset while avoiding slippage.
A Bitcoin transaction can be created such that the recipient of the outputs cannot spend them before a specified time. This time can be specified in UTC time or block height.
The Onion Router (Tor) network is a decentralized network which uses onion routing to enable private, censorship-resistant internet.
Toxicity is a term used to describe loans that have a low likelihood of being repaid. It can also refer to assets that are unlikely to be bought.
A transaction exists as a record of the transfer of bitcoin from one address to another. All transactions are recorded in blocks on the blockchain.
A txid or Transaction ID is a string of letters and numbers that identify a specific transaction. The string is simply the double SHA-256 hash of a transaction.
A Treasury Bill is a low-risk, secure, short-term U.S. government debt obligation and investment backed by the U.S. Treasury. Treasury bills are typically sold in denominations of $1,000, up to $5 million, with a maturity of one year or less.
A trust is a fiduciary relationship in which a trustor gives the trustee the right to hold title to property or assets for the benefit of a third party, the beneficiary.
A trustee is the individual or business organization that administers property for the trustor. A trustee acts as the legal owner and manager of the trust assets.
Turing completeness is a feature of a programming language or instruction set that can compute any computable algorithm. Simply put, if a programming language has the capacity for logical loops and conditionals, it is considered Turing complete.