| Term | Meaning |
|---|
| QALS | The system's token/credit unit. 1 QALS of credit = AU$1 of qalarc services. |
| doof | The smallest unit: 1 QALS = 1,000,000,000 doofs (10⁻⁹). Homage to doof.ing. |
| B-QALS | Backed QALS — minted only against AU$1 in the Reserve, redeemable at AU$0.995. |
| G-QALS | Growth QALS — team/incentive allocation; not redeemable; supported by the FloorVault floor. |
| qAUD | Future fully-reserved AU$1 stablecoin, issued under the registered (VASP) phase. |
| Qalnet | qalarc's private chain: Apache-2.0 fork of the IOTA node (Sui-lineage, Move objects, Starfish-class consensus). |
| The Fleet | The validator set: superlocal, qalcachyminirig, bb-mini + one cloud VM (3f+1 = tolerates 1 fault). |
| Doofnet | The public testnet / faucet surface. |
| Qalx | The DeFi platform: parity rail, AMM, receivables vault, later the Qalbook CLOB. |
| FloorVault | Revenue-funded vault that ratchets a rising floor under G-QALS; FloorBot posts the always-on bid. |
| Qal ID | The DID/VC identity layer for users, apps, devices and AI agents (IOTA Identity + Hierarchies pattern). |
| Qal Pass | The gas-station: sponsors user gas so in-app usage feels feeless. |
| Qal Compute | The compute marketplace: escrowed ComputeJob objects, attestations, receipts. |
| DataAnchor | On-chain object recording a payload hash + location + producer signature — tamper-evident data transfer. |
| Starfish | IOTA's provably-live DAG-BFT consensus (eprint 2025/567), live on IOTA mainnet April 2026; inherited by Qalnet. |
| Rebased | IOTA's 2025 migration to a Sui-derived Move L1 (mainnet 5 May 2025) — the codebase Qalnet forks. |
| Hold | A pre-authorisation locking an estimated cost before a job runs; auto-expires; difference released at settle. |
| Kiosk / TransferPolicy | IOTA's on-chain NFT trading + royalties primitives (Move objects) inherited by Qalnet. |
| Proof of Reserves | Monthly published proof that Reserve AUD ≥ outstanding B-QALS × AU$1. The chain is the liability ledger. |
| Oracle Committee | 3-of-5 multisig that attests the Reserve on-chain; any 2 members can trigger investigate mode. |