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What does BEAM stand for in iex for the Elixir programming language?

I'm sort of curious as to what the B. E. A. and M. stand for. I recall seeing an explanation of the acronym BEAM, but I have not managed to find it again. It comes up in error codes: ➜ gentoo iex Erlang/OTP 17 [erts-6.4.1] [source] [64-bit] [smp:8:8] [async-threads:10] [kernel-poll:false]...