I "discovered" new arithmetics operators - what are the real names for them and application?

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Back in high school I wondered if there is a such a function that has higher growth rate than exponential function. Several years later it came to my mind that this is obvious because we can create arithmetic operators. I'm not a mathematics graduate so it was big thing to me - I thought we are rather bounded to these 5 operators "$+ -\times /$ ^" and we can't do anything about it.

Example:

$2+2+2+2=2\times4=8$

so:

$2\times2\times2\times2=2$^$4=16$

so:

$2$^$2$^$2$^$2$$=2☮4=256$

so:

...

and so on.

So we can use this new "☮" operator instead of "^" to get a function with more steeper increment rate. What is a formal name for such a ☮ operator, what do we use it for? (Some time ago I've found out that Donald Knuth applied such iterated exponentiation only to notate large integers. I see we can use it to count bacteria population, given generation number). Why is such an operator not more common used?

After I "discovered" that ☮ operator I realized that there are also new operators at levels below addition:

$2+2+2+2=2\times 4=8$

because:

$2222=2+4=6$

because:

$...............=24=5$ (According to my calculations it equals "5")

because:

........

And this operator really blew my mind. It so bizarre and exotic to me. The same questions: what is the formal name, application and properties for that operator (and those level below it)?