Qr code
QR codes are often used to communicate wallet addresses with others when it comes to cryptocurrency.
A Bitcoin address is necessary for users to make or receive payments.
A Bitcoin address has the disadvantage of being fairly lengthy and difficult to memorize.
By using a Bitcoin QR Generator to turn a Bitcoin address into a QR Code, a user may make and receive crypto payments by simply scanning the QR code.
A label may also be attached to the QR code to specify the amount to be given and who the receiver is.
However, QR Codes may be used in a hoax by con artists attempting to get information about people’s bitcoin wallets.
In the first four weeks of 2020, a network of Bitcoin-to-QR-code producers stole more than $45,000.
Users were prompted to give their Bitcoin addresses so that they could be turned into QR codes on nine different websites.
However, rather than translating a Bitcoin address into a unique QR code, the websites always created the same QR code, which matched the scammer’s crypto wallet.
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