Questions tagged [bip21]

Claudio Tue Jul 16 2024 | 7 answers 1310

Could you elaborate on the feasibility of utilizing a unified BIP21 QR code for Bitcoin transactions? Is it technically possible to encode all necessary information, such as the Bitcoin address, amount, label, and message, into a single QR code? What are the advantages and disadvantages of this approach? Does it enhance user experience or introduce any potential security risks? Furthermore, are there any standards or best practices that should be followed when generating and scanning BIP21 QR codes? Understanding these aspects would help clarify the question of whether a unified BIP21 QR code can effectively be used for Bitcoin.