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
Gnosis Safe
A multi-signature smart contract wallet on Ethereum for secure, shared management of digital assets with customizable approval thresholds and recovery options.
Smart Contract
Self-executing code on the Ethereum blockchain that automatically enforces agreement terms when conditions are met.
Margin Trading
A trading strategy in digital assets where investors borrow funds to amplify position sizes, increasing potential profits and losses through leverage ratios like 2x or 5x.
Payment Facilitator
An intermediary that verifies and settles digital asset transactions in the x402 protocol.
UTXO (Unspent Transaction Output)
UTXO (Unspent Transaction Output), a record of unspent Bitcoin used for on-chain analysis to track fund flows, ownership patterns, and network activity.
Swap Gas Fee
The swap gas fee is the cost paid in a blockchain’s native token (e.g., ETH on Ethereum) to process a token swap transaction on a decentralized exchange (DEX), covering computational resources used by network validators.