Appendix B

Glossary of Terms

1. Blockchain-Specific Terminology

• Blockchain: A decentralized digital ledger that records transactions across multiple computers in such a way that the registered transactions cannot be altered retroactively without the alteration of all subsequent blocks.

• Consensus Mechanism: Methods used by blockchain networks to agree upon a single version of truth. Examples include Proof of Trust (PoT) and Delegated Proof of Trust (DPoT).

• Cryptocurrency: A digital currency that uses cryptography for security and is typically decentralized.

• Decentralized Application (DApp): Software applications that run on a peer-to-peer network of computers rather than on a single computer.

• Decentralized Autonomous Organization (DAO): An organization represented by rules encoded as a computer program that is transparent, controlled by organization members and not influenced by a central government.

• Decentralized Identifiers (DIDs): A new type of identifier that is created, owned, and controlled exclusively by an individual entity.

• Ethereum: An open-source, blockchain-based platform that enables developers to build and deploy decentralized applications.

• Mainnet: The primary network where actual transactions occur on a distributed ledger.

• Proof of Trust (PoT): A blockchain consensus mechanism wherein the creator of the next block is chosen in a deterministic way, depending on a user's stake or age.

• Smart Contracts: Self-executing contracts with the terms of the agreement directly written into code.

• Token: A digital unit of value accorded by a certain cryptocurrency or blockchain project.

2. MAIN-Specific Concepts

• MAINCHAIN: The primary blockchain within the MAIN project, utilizing Ethereum 2.0 technology and a Proof of Trust (PoT) consensus mechanism.

• MAIN Coin (MCN): MAIN’s governance and value accrual token, used for staking, governance, and access to premium services.

• MAIN Points: MAIN’s internal ecosystem token, with a stable value for transactions within the MAIN platform.

• Self-Sovereign Identity (SSI) management approach where users own and control their identity without relying on third-party providers.

• Self-Sovereign Identity as a Service (SSIaaS)'s offering that allows users to create and manage decentralized identities.

• Zero-Party Data: Data that a user intentionally and proactively shares with a business, often gaining more accurate and high-quality insights.

3. Relevant Industry Jargon

• AI/ML (Artificial Intelligence/Machine Learning): Fields of computer science that involve creating systems capable of performing tasks that would normally require human intelligence.

• Cryptographic Protocols: Algorithms or sequences of operations that ensure secure data transfer in the blockchain ecosystem.

• Homomorphic Encryption: A form of encryption that allows computations to be carried out on ciphertext, generating an encrypted result that, when decrypted, matches the result of operations performed on the plaintext.

• Interoperability: The ability of different information systems, devices, or applications to connect, communicate, and work together in a coordinated manner.

• IPFS (InterPlanetary File System): A protocol and peer-to-peer network for storing and sharing data in a distributed file system.

• KYC (Know Your Customer): The process of verifying the identity of clients and assessing potential risks of illegal intentions for the business relationship.

• Liquidity Pool: In DeFi, a digital supply of tokens, grouped into a pool and provided to enable trading between token pairs.

• Zero-Knowledge Proofs: A method by which one party can prove to another party that a statement is true, without conveying any information apart from the fact that the statement is indeed true.

4. Regulatory Terms

• AML (Anti-Money Laundering): Laws, regulations, and procedures aimed at preventing and detecting money laundering activities.

• GDPR (General Data Protection Regulation): A regulation in EU law concerning data protection and privacy for individuals within the European Union and the European Economic Area.

• CCPA (California Consumer Privacy Act): A state statute intended to enhance privacy rights and consumer protection of California, USA.

• SOC 2 Type II: A report on controls at a service organization relevant to security, availability, processing integrity, confidentiality, and privacy.