Using DNS To Coordinate Bitcoin Payments

Matt Corallo proposed a little more than a week ago a BIP for the coordination of making Bitcoin payments. Making bitcoin payments has always presented something of a challenge in terms of coordination, both on-chain and off-chain with protocols like Lightning, for different reasons. When it comes to digital systems like email or payment systems like Paypal, Cashapp, etc. people are very used to the concept of a single static identifier. If you want to send John an email, you just email “john@[insert domain].” If you want to send John some money on Cashapp, you just send a payment to @John on Cashapp.

This is the user experience that people are familiar with, and when it comes to…

Read more on BitcoinMagazine

74.7K Reads