Insights on Crypto Payments, Infrastructure, and Operations

Glossary terms starting with T

Numbers and symbols are grouped under #. Letter matching ignores case and uses the first displayed title character.

Transaction Signature

A transaction signature is cryptographic evidence that an authorized key or account policy approved defined transaction data. Nodes verify it before accepting…

Transaction Signer

A transaction signer is a person, device, software component, or cryptographic service that produces the signature or authorization needed for a blockchain…

Transaction Signing

Transaction Signing is the cryptographic authorization of a prepared blockchain transaction using the private key or other signing authority required by the…

Transaction Simulation

Transaction Simulation executes a proposed blockchain transaction against a selected state without committing it to the network. It is used to estimate…

Transaction Size

Transaction size is the amount of encoded data a transaction occupies, usually measured in bytes. It affects network bandwidth, block capacity, storage,…

Transaction State

Transaction state is the current lifecycle condition of a blockchain transaction, such as prepared, signed, submitted, pending, included, confirmed, finalized, failed, dropped,…

Transaction Submission

Transaction Submission is the client action that sends a transaction request or signed transaction to a wallet, node, RPC provider, or payment…

Transaction Testing

Transaction Testing verifies construction, signing, submission, propagation, execution, receipt handling, confirmation logic, and failure recovery for blockchain transactions. It can use local…

Transaction Trace

A transaction trace is a detailed reconstruction of the internal execution steps produced when a blockchain transaction runs, including nested contract calls,…

Transaction Trie

A transaction trie is an authenticated tree structure that commits to the ordered transactions contained in a blockchain block. The block header…

Transaction Type

A transaction type is a protocol-defined category that determines how a transaction is decoded, validated, priced, signed, or executed. Examples can distinguish…

Transaction Validation

Transaction validation is the deterministic checking of signatures, authorization, format, state prerequisites, and protocol rules before accepting or executing a transaction. Nodes…

Transaction Validation Unit (TVU)

Solana's Transaction Validation Unit is the validator pipeline that receives ledger shreds, reconstructs blocks, replays entries, and participates in voting. Successful replay…

Transaction Verification

Transaction verification is the process of checking that a blockchain transaction is authentic, correctly formed, valid under protocol rules, successfully executed when…

Transaction Version

A transaction version identifies the serialization and interpretation rules a blockchain uses for a transaction's fields, signatures, addresses, and execution features. Nodes…

Transaction Weight

Transaction weight is a protocol-defined measure of a transaction’s block-capacity cost. In Bitcoin SegWit, it combines base data and witness data with…

Transaction-Based Matching

Transaction-based matching is the process of linking a specific blockchain transaction to an invoice, deposit, order, customer, or accounting record using transaction…

Transaction-Fee Model

A transaction-fee model is the set of protocol and market rules that determine how users pay for blockchain resources and how those…

Transactions Per Second (TPS)

Transactions per second is a throughput measure describing how many transactions a blockchain or payment system processes over a defined interval. TPS…

Transfer-Fee Token Payment

A transfer-fee token payment uses a token whose contract deducts, redirects, burns, or otherwise applies a fee during transfer. As a result,…

Transfer-Restricted Token

A transfer-restricted token limits who can send, receive, hold, or move units according to identity, jurisdiction, time, quantity, compliance, lockup, or application…

Transparent Address

A transparent address is a blockchain address whose associated transaction details are visible on the public ledger rather than protected by privacy-preserving…

Transport Layer Security (TLS)

Transport Layer Security is a cryptographic protocol that protects network communication through authenticated key establishment, encryption, and integrity verification. TLS allows applications…

Travel Crypto Payment

A travel crypto payment is a cryptocurrency payment for travel-related goods or services such as flights, accommodation, tours, vehicle rental, or booking…