The "formula", designated in the name, refers to a set of rules with which all participants' cars must comply. The F1 season consists of a series of races, known as Grand Prixes (from French, originally meaning great prizes), held throughout the world on purpose-built circuits and public roads. The results of each race are evaluated using a points system to determine two annual World Championships, one for the drivers and one for the constructors. The racing drivers, constructor teams, track officials, organizers, and circuits are required to be holders of valid Super Licenses, the highest class of racing license issued by the FIA. Formula One cars are the fastest multi-turn circuit-racing cars in the world, owing to very high cornering speeds achieved through the generation of large amoun