In 2009, a mystery entity (or people) hiding behind the pseudonym Satoshi Nakamoto invented Bitcoin, the first decentralized digital currency. Bitcoin is run entirely by its users, with no central authority—no banks, no governments, and no intermediaries. Simply explained, Bitcoin is online money, commonly known as "cryptocurrency." Although Bitcoin is by far the most well-known digital money, hundreds of alternative cryptocurrencies have emerged, each with its own infrastructure.
Cryptocurrency users benefit from the usage of QR codes to facilitate transactions. A Bitcoin address is required to send or receive cryptocurrency payments. This address consists of 34 characters and is unique to each user.
The Bitcoin address may be converted into a QR Code using our Bitcoin QR Code generator, and the user only has to scan the QR Code with their smartphone to begin a transaction. You may also add a label to indicate who will get the Bitcoin payments and the amount you want to request.
Our Bitcoin QR Code generator is presently compatible with the following major cryptocurrencies:
The original, and (for the time being) the largest in terms of market capitalisation. Satoshi Nakamoto, a pseudonym for the mystery person or group that designed it, introduced Bitcoin Core in 2009 to secure payments across a peer-to-peer network. It does away with the necessity for a trustworthy third party, democratizes money, and assures anonymous transactions.
Bitcoin Cash is a separate digital currency that was formed in reaction to the slowing of Bitcoin transaction speeds and the network's failure to gain consensus on suggested changes. The maximum block size for Bitcoin Cash is 8mb, compared to 1mb for bitcoin, allowing it to process more transactions per second.
Ether is the Ethereum network's coin, which allows users to write and distribute their own decentralized programs (apps) as well as establish smart contracts that autonomously enforce their conditions. Small quantities of ether are destroyed when transactions are completed to prevent hackers from spamming its network.
Dash is based on Bitcoin's basic programming, but with new functionality added (such as privacy and quick transactions). It is intended to be as liquid as actual currency, with a total quantity of only 18 million coins. It is regarded as the most promising rival to the original Bitcoin.
According to its inventor, Charlie Lee, Litecoin is intended to be the "silver to bitcoin's gold." Litecoin's maximum supply of 84 million coins is four times more than bitcoin's, just as the quantity of silver exceeds the supply of gold.