Most of the time (at least at my high school student level), we are using variables such as a, b or $\theta$, and functions such as f, g etc...
But would it be possible to use multiple characters ? For example to use triple(x) = 3x instead of f(x) = 2x ?
In my opinion it would enable some things to be much more clear in many situations, here is another example :
$$area = width \times height$$
Instead of $a = w \times h$, where you would need to go back in the text to find wha a, w and h are for.
Of course it is possible, and it is done. Some examples: $\log x$, $\sin x$ and the trigonometric functions, $\text{div}$ (divergence operator), $\text{grad}$ (gradient, also $\nabla$), $\det A$ (determinant).
The use of a single character is a matter of economy. You can use whatever notation you like, as long as you explain it if it is not standard.