A type of matrix barcode that can be scanned to quickly share information, such as a cryptocurrency address.
A QR (Quick Response) Code is a type of matrix barcode invented in 1994 by the Japanese company Denso Wave. It consists of black squares arranged on a white square grid, which can be scanned using a smartphone or QR scanner to quickly share information. In the world of cryptocurrencies, QR codes are commonly used to share wallet addresses. Instead of manually typing out a long string of characters, a user can simply scan a QR code to automatically input the address when sending a transaction.
Scanning a QR code to send Bitcoin to a specific address: In cryptocurrency transactions, QR codes are often used to share wallet addresses. It's a convenient way to share these addresses without having to manually write or type them out. This helps to ensure accuracy in transaction records.
Want to try using a QR Code? Open your phone camera and scan this QR Code, it will take you to our home page: