To understand what's what in ACES 2.0 we first have to take a little refresher into what ACES is (See our big article here) - the "Explain it like I'm 5" Verison is "ACES, or the Academy Color Encoding System, is a color management system used in post-production."
The better definition is "The Academy Color Encoding System is a global standard for interchanging digital image files, managing color workflows and creating masters for delivery and archiving. It is a combination of SMPTE standards, best practices, and sophisticated color science developed by hundreds of professional filmmakers and color scientists under the auspices of the Science and Technology Council of the Academy of Motion Picture Arts and Sciences. It's a free, open, and device-independent system designed to ensure consistent color accuracy throughout a film's pipeline, from initial capture to final presentation and archiving. ACES aims to solve problems related to color inconsistencies arising from diverse digital ...
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