555 Circuits Ebook (50 Circuits) [Colin Mitchell]

The 555 and 7555 are called TIMERS or Timer Chips. They contain about 28 transistors and the only extra components you need are called TIMING COMPONENTS. This is an external resistor and capacitor. When a capacitor is connected to a voltage, it takes a period of time to charge. If a resistor is placed in series with the capacitor, the timing will increase. The chip detects the rising and falling voltage on the capacitor. When the voltage on the capacitor is 2/3 of the supply the output goes LOW and when the voltage falls to 1/3, the output goes HIGH.
We can also do other things with the chip such as "freezing" or halting its operation, or allowing it to produce a single HIGH-LOW on the output pin. This is called a "ONE-SHOT" or MONOSTABLE OPERATION.When the chip produces an output frequency above 1 cycle per second, (1Hz), the circuit is called an OSCILLATOR and below one cycle per second, it is called a TIMER. But the chip should not be called a "555 Timer," as it has so many applications. That's
why we call it a "555." (triple 5) Another thing you have to be aware of is the voltage on output pin 3. It is about 1-2v LESS THAN rail voltage and does not go to 0v (about 0.7v for 10mA and up to 1900mV for 200mA sinking current). For instance, to get an output swing of 10v you will need a 12.6v supply. In "electronic terms" the 555 has very poor sinking and sourcing capabilities.