Mandalorian S2E6 Boba Fett chain code translated - What does it all mean?

In The Mandalorian Season 2, Episode 6, we got a look at a “chain code” that needed translating. If you understood Mandalorian script, you might’ve understood what the code meant – but if you DIDN’T, you might be wondering what was going on. After this sentence, take heed: This is your one and only SPOILER ALERT. The father and the …