| AMM | Automated Market Maker: liquidity pools built into the XRPL protocol (XLS-30). source |
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| DEX | The decentralized exchange built into the XRPL, with order books for any pair of assets. source |
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| Amendment | A change to the protocol that turns on only after validators support it for a sustained period. source |
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| Hooks | Small smart contracts attached to accounts. Live on the Xahau network, proposed for XRPL. source |
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| Sidechain | A separate chain bridged to the XRPL, for example via XLS-38 cross-chain bridges. source |
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| XLS standards | XRPL Standards: community proposals such as XLS-20 (NFTs) and XLS-30 (AMM). source |
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| XLS-20 | The NFT standard on the XRPL. source |
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| Trustline | An accounting relationship that lets an account hold a token from an issuer. source |
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| Issuer | The account that creates an issued token. Token = issuer + currency code. source |
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| Currency code | A 3-character or 160-bit hex code identifying a token. source |
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| Reserve | XRP an account must keep to exist and to own objects. source |
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| Validator / UNL | Servers that agree on ledgers. A UNL is the list a server trusts. source |
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| Destination tag | A number that identifies the recipient at a shared address such as an exchange. source |
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| Escrow | XRP (and some tokens) locked until a time or condition is met. source |
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| Rippling | Balances moving through trustlines across issuers. Usually disabled for normal users. source |
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| Clawback | An optional issuer setting that lets the issuer recover tokens. source |
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| Taxon | A number an issuer uses to group NFTs into a collection. source |
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