Bitcoin is the first decentralized digital money created by a mysterious figure (or figures) hiding behind the pseudonym, Satoshi Nakamoto in 2009. Bitcoin is powered by its users with no central authority—no banks, no government, no middlemen. Simply put, Bitcoin is cash for the internet, or also known as “cryptocurrency”. Although Bitcoin is by far the most well-known digital currency, there are now hundreds of new cryptocurrencies with their own infrastructure. See the types we support here.
For those who aren’t familiar with blockchain, Bitcoin is really just a list. John sent 1 Bitcoin to Jane, who sent 1 Bitcoin to Alex, etc. By tallying these transactions up, you can trace the history of each transaction to prevent people from spending Bitcoins they do not own. To learn more in-depth about how this works technically, the original paper is available online.
QR Code makes transactions easier for cryptocurrency users. In order to send or receive crypto payments, you will need a Bitcoin address. This address is made up of 34 characters, but unique to every user.
For example, 15N3yGu3UFHeyUNdzQ5sS3aRFRzu5Ae7EZ sent 0.01718427 Bitcoin to 1JHG2qjdk5Khiq7X5xQrr1wfigepJEK3t on October 29, 2019, between 12:10 and 12:20 p.m. The long strings of numbers and letters are addresses of two cryptocurrency users.
As you can see, you would need to type out the address for every single transaction, and that is just inconvenient. With our Bitcoin QR Code generator, the Bitcoin address can be turned into a QR Code, and the user simply needs to scan the QR Code with their smartphone to initiate a transaction. You can also add a label to indicate who is the receiver of the Bitcoin funds, as well as the amount you’re requesting.
In simple terms, to send crypto via a QR Code:
The recipient/seller needs to display the QR Code of the address they want a specific cryptocurrency sent to. The sender/buyer needs to scan the recipient’s QR Code.
Where to get it depends on the type of cryptocurrency wallet you have. If you don’t have one yet, this article compares all the best cryptocurrency wallets currently available. Trouble choosing one? The good folks at Bitcoin.org prepared a simple quiz to help you choose a wallet!
