Glossary
A comprehensive list of terms used in the MoniPay ecosystem.
AES-256-GCM
The industry-standard encryption algorithm used by MoniPay to secure private keys on your device.
Agentic Commerce
Financial transactions initiated and completed by AI agents autonomously.
Base
An Ethereum Layer 2 network built by Coinbase. MoniPay's primary chain for USDC payments.
EIP-712
A standard for human-readable message signing on Ethereum-compatible blockchains.
Gasless
Transactions where the blockchain network fee is paid by a third-party relayer instead of the user.
MoniTag
A human-readable payment identity (e.g., @alice) that maps to a blockchain address.
Non-Custodial
A system where the user has total control over their private keys and funds.
Relayer
A server that submits transactions to the blockchain on behalf of users and pays the associated gas fees.
Stablecoin
A cryptocurrency designed to have a stable value, usually pegged to a fiat currency like the US Dollar (e.g., USDC, USDT).
Walkaway Test
A security principle: "Would my funds be safe if the service provider disappeared tomorrow?"