RTNC Glossary (Plain-Language Reference)
Definitions of key RTNC terms in neutral, non-financial language.
Address
A string derived from a public key that identifies where RTNC units can be directed within the protocol. An address does not reveal the identity of the user controlling it.
Block
A collection of valid transactions grouped together and added to the protocol’s chain of records. Blocks follow fixed consensus rules to maintain protocol consistency.
Block Height
The number assigned to a block based on its position in the chain. Block 0 is the first block (the genesis block).
Blockchain
A chronological sequence of blocks that represent the protocol’s transaction history. Each block references the one before it, forming a verifiable chain.
Consensus
The method nodes use to agree on the canonical chain. RTNC uses proof-of-work, where nodes perform computation to propose blocks that follow the protocol’s rules.
Difficulty
A dynamic parameter that adjusts how computationally challenging it is to propose a valid block. Difficulty ensures block times remain close to the intended target.
Emission
The predefined schedule by which RTNC units enter the system. Emission is fixed in the protocol and not subject to modification by governance or external actors.
Genesis Block
The first block in the chain. It establishes the initial state and parameters for all future blocks.
Hash
A fixed-length output generated by applying a cryptographic hash function to data. Hashes help validate data integrity and link blocks together.
Hashrate
The total computational rate at which nodes perform hashing operations. Higher hashrate increases resistance to protocol modification attacks.
Mainnet
The primary RTNC network where the protocol operates under its permanent ruleset. Mainnet behavior reflects final, irreversible protocol outcomes.
MemPool (Memory Pool)
A temporary holding area where valid, unconfirmed transactions wait before being included in a block.
Miner
A node or process that performs proof-of-work computation to propose new blocks. Mining is a technical activity that contributes to network operation.
Node
Software that follows RTNC’s consensus and validation rules. Nodes verify data, relay transactions, and maintain a local copy of the blockchain.
Peer-to-Peer (P2P)
The communication model used by RTNC nodes to exchange blocks and transactions without centralized coordination.
Private Key
A secret cryptographic value that allows signing transactions. Private keys must be kept secure at all times.
Public Key
A cryptographic value derived from a private key. It forms the basis of an address and is used to verify signatures.
Regtest (Regression Test Network)
A fully controlled local environment used for testing. Regtest behavior is not connected to live networks and is intended only for development.
Script / Script Validation
The rule system used to determine whether a transaction is valid. Scripts define conditions for spending outputs.
Testnet
A public testing network separate from mainnet. Testnet use allows experimentation without affecting real protocol behavior.
Transaction
A signed message that transfers RTNC units from one set of conditions to another, according to protocol rules.
UTXO (Unspent Transaction Output)
A piece of spendable state in the UTXO model. A transaction consumes existing UTXOs and creates new ones.