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?"