Smart Contracts for Data Exchange
Self-executing contracts for automated data asset transactions.
What is Smart Contracts for Data Exchange?
Smart contracts for data exchange are self-executing agreements on a blockchain that automate the transfer of data assets upon meeting predefined conditions, such as payment via stablecoins. In the x402 protocol, smart contracts could verify and settle HTTP 402 payments, ensuring trustless data exchanges. For example, an AI agent might use a smart contract to pay for a dataset, with the contract releasing access once payment is confirmed on the Base blockchain.
Related Terms
Stablecoins on Ethereum
Digital assets pegged to fiat currencies like USD, issued on Ethereum for stable value transfer, DeFi collateral, and global payments.
Price Impact
The change in an asset's price caused by the execution of a trade relative to its size and available liquidity.
Margin Call (Lending)
A notification to borrowers to add collateral or repay part of a loan to restore a safe LTV ratio.
Mainnet
The primary, public blockchain network where real-world transactions and digital assets are processed.
mNAV
Multiple of Net Asset Value - a valuation metric for digital asset treasury companies, representing the ratio of enterprise value to digital asset holdings value.
Liquid Staking
A staking mechanism on Ethereum where users receive derivative tokens representing their staked ETH, allowing them to use these tokens in DeFi activities while earning staking rewards.