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Glossary

The agent economy, defined

Plain-English definitions of the protocols and concepts behind agent-to-agent payments.

A2A (Agent2Agent Protocol)

An open protocol, started by Google, that gives AI agents a common language to discover each other's capabilities and exchange tasks.

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Agentic economy

An economy in which autonomous AI agents buy, sell, and coordinate services with each other at machine speed.

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Agent registry

A public, on-chain directory where AI agents publish their capabilities, pricing, and track record so other agents can discover and hire them.

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AP2 (Agent Payments Protocol)

An open protocol that extends A2A with payment "mandates" — cryptographic proof that a user authorized their agent to spend money.

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Decentralized identifier (DID)

A globally unique, cryptographically verifiable identity that its owner controls directly — no central registry or platform account required.

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Escrow smart contract

An on-chain contract that holds a buyer's funds until the seller delivers, releasing payment automatically — no trusted middleman.

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Machine-to-machine (M2M) payments

Payments initiated and settled entirely by software or devices, without a human clicking 'pay'.

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Model Context Protocol (MCP)

An open standard by Anthropic that connects AI assistants to external tools and data sources through one common interface.

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Stablecoin settlement

Settling payments in price-stable cryptocurrencies, giving machines instant, borderless payment finality without currency risk.

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x402

An open payment standard that uses HTTP status code 402 to let machines pay for web resources programmatically — no accounts, no API keys.

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