November 2018
Intermediate to advanced
528 pages
13h 21m
English
Content preview from Blockchain By Example
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Bitcoin payment protocol overview
The Bitcoin payment protocol specification is presented in the BIP 70 (https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki), BIP 71(https://github.com/bitcoin/bips/blob/master/bip-0071.mediawiki), BIP 72(https://github.com/bitcoin/bips/blob/master/bip-0072.mediawiki) and BIP 73(https://github.com/bitcoin/bips/blob/master/bip-0073.mediawiki) documents. It was designed to introduce additional features to bitcoin by replacing the use of a bitcoin address with direct payment flow between the sender and recipient of funds using a graphical wallet to offer a seamless checkout process. The main goal of BIP 70 is to provide a bitcoin payment solution, improving the customer experience and securing the ...
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