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May 1, 2026
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Glossary

AMM (Automated Market Maker)

AMM (Automated Market Maker)

A decentralized exchange model that uses liquidity pools and a pricing formula (instead of an order book) to quote trades.

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AML (Anti-Money Laundering)

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Layer 3

Application-specific chains or protocols built on top of Layer 2 solutions to provide even more specialized functionality.

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Algorand token standard

A shared interface specification that helps tokens and smart contracts remain compatible with wallets, exchanges, and tooling.

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Recovery Phrase

A sequence of words that can restore a cryptocurrency wallet and all its private keys.

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