x402 Foundation
A collaborative organization to promote the x402 protocol for digital asset transactions.
What is x402 Foundation?
The x402 Foundation is a partnership initiative led by Cloudflare and Coinbase to advance the adoption of the x402 protocol, a standardized framework for machine-to-machine digital asset transactions over HTTP. The foundation focuses on developing open standards, fostering interoperability, and supporting developers in implementing x402 for seamless, automated payments across web services. It aims to create a robust ecosystem where websites and automated agents can negotiate and execute payments globally without requiring accounts or API keys.
Related Terms
Trust Compnay
Fiduciary entities that manage investment trusts holding cryptocurrencies for investors seeking regulated exposure without direct ownership.
Asks (sell orders)
Orders from sellers indicating the price and quantity at which they are willing to sell a digital asset.
Liquidity Provider and LP Token
Entities supplying assets to DeFi pools for trading, receiving LP tokens as receipts for proportional rewards.
Commodity-pegged Stablecoin
A digital asset tied to the value of physical commodities like gold or silver.
Overnight Reverse Repurchase Agreement Facility (ON RRP)
A Federal Reserve tool where eligible counterparties lend cash overnight to the Fed in exchange for Treasury securities as collateral, helping to set a floor on short-term rates.
ATH
The highest price a digital asset has ever reached in its trading history.