Acronyms
Here is a list of common acronyms you may hear with their explanations. If you hear terminology you don't understand, Discord and the forum are great places to ask for clarification!
ARB (Arbitrium): A popular Ethereum Layer 2 scaling solution that improves transaction speed and reduces costs by processing transactions off-chain.
CEX (Centralized Exchange): An exchange that is run by a company or organization that controls the platform, facilitates crypto trading, and manages user transactions.
dApp (Decentralized Application): Applications built to run on a decentralized network, such as Autonomi, that operate without a central authority.
ERC-20 (Ethereum Request for Comment 20): A widely adopted technical standard for creating and issuing tokens on the Ethereum blockchain. ERC-20 tokens are interoperable with Ethereum's ecosystem and are the foundation for many dApps. This is the tech standard used for eMAID and the upcoming Autonomi token.
ETH (Ethereum): A leading blockchain platform that supports smart contracts and dApps, with Ether (ETH) being its native cryptocurrency.
EVM (Ethereum Virtual Machine): The environment in which all Ethereum smart contracts and dApps run, executing decentralized code as part of the Ethereum blockchain. It ensures consistency and enables interoperability across different Ethereum-compatible networks (such as ARB).
ICO (Initial Coin Offering): A fundraising mechanism in which a company or project offers new cryptocurrencies or tokens to investors in exchange for established cryptocurrencies (such as Bitcoin or Ethereum) or fiat money. In the case of Autonomi, the ICO was the MaidSafe crowdsale back in April 2014.
MM (MetaMask): A popular cryptocurrency wallet and gateway to decentralized applications (dApps) that allows users to manage, store, and trade their digital assets securely. Including Autonomi's Network Token.
TGE (Token Generation Event): The moment when a project's tokens are created and distributed to investors and participants. For Autonomi, this is scheduled to take place in January 2025.
Last updated