Elon Musk talks Crypto：XBT

Turing Completeness

Turing completeness refers to the capability of a system or programming language to solve any problem that can be solved by a machine created by mathematician Alan Turing.

Turing-Complete

A system that in principle could be able to solve any computation problem.

Two-Factor Authentication (2FA)

Two-factor authentication (2FA) is method of access that requires two different forms of authentication.

Type Checking

A process in programming languages to verify whether or not each operation in the program is in accordance with the type declaration rules of the language.

When Lambo

A phrase referring to when cryptocurrency holders will become rich enough to afford the purchase of a Lamborghini.

TypeScript Programming Language

TypeScript programming language is a more advanced version of JavaScript that includes more functionality.

Typosquatting

Typosquatting is a deceptive practice used by scammers to trick people into entering a counterfeit website and compromising their private information.

Unbanked

Unbanked refers to those that are either unable to access banking services, or choose not to.

Uncle Block (Ommer Block)

Uncle Block (Ommer Block) refers to the discarded block in the phenomenon when two blocks are simultaneously created, resulting in one block being omitted from the blockchain.

Unconfirmed

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

UNI Token

A native governance token of Uniswap, the largest decentralized exchange at the time of writing.

Unit of Account

A unit of account is a standardized unit of measurement used in accounting to record and track financial transactions.

Unpermissioned Ledger

A public ledger that is open to anyone, without being controlled by a single owner.

United States House Committee on Financial Services

The U.S. House Committee on Financial Services is a committee of the United States House of Representatives that oversees all components of the US’s financial and housing services.

Unrealized Profit & Loss

Unrealized profit and loss occur when you have a position open in a security that has appreciated or depreciated in value.

Unregulated

Something that isn’t controlled by a centralized authority or a governing intuition.

Unspent Transaction Output (UTXO)

A transaction that is left unspent after being completed, similar to leftover change after making a purchase.

Unstoppable Domains

Unstoppable Domains is the name of a San-Francisco based company that provides blockchain-based domain names to users.

US Office of Foreign Assets Control (OFAC)

The US Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the US Treasury Department.

Use Case

A use case is a description of the interactions between an actor (human or system) and a system that leads to an event.

User Interface

The user interface is the user’s interaction with a website or application using a digital device.

UTC Time

Coordinated Universal Time.

XBT

XBT is the lesser-known ticker symbol for Bitcoin.

Utility Mining

Utility mining is a mechanism that allows for the distribution of tokens based on user activity and active participation. This allows crypto projects to distribute flexible yields attached to any specified on-chain interaction.