Web3 glossary

Prior to a mainnet launch or upgrade, testnets are used as an experimental run to see whether the protocol is ready. Testnet coins are separate from actual tokens that have value.

Tether, or USDT, is currently the most widely adopted stablecoin that is pegged to the US Dollar.

Tokenomics, also known as tokenomics, refers to the economic features of a project that impacts its value. These include its supply, inflation, utility and vesting schedules.

TPS is an acronym for Transactions Per Second.TPS is an important indicator for the scalability of a blockchain. The higher the TPS, the more activity a blockchain will be able to handle without compromising on its security and therefore, scale.

In a large NFT collection, NFTs are considered unique due to the traits that they have. Traits such as background, clothes, eyes, accessories vary in rareness and have the greatest influence in determining its value. 

Would you rather have multiple NFTs with common traits or one really rare one?

Transaction refers to the data written to a blockchain. Once enough nodes have verified a transaction, it can then be added to a block.

Trustless is used to refer to decentralized blockchains as there is no need to rely on an entity in order to utilize the network. Instead, this trust is achieved through smart contracts.

The Total Value Locked (TVL) refers to the total value of assets locked in a DeFi protocol.