Bitcoin

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Bitcoin is a Cryptocurrency. A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

The OpenStreetMap project also accepts bitcoin donations.

Bitcoin the currency (XBT) can be used via a variety of payment methods at an increasing number of places. These methods are:

  • On-chain - Transactions on the Bitcoin blockchain. These are known as Layer 1 transactions. Transactions are relatively slow and relatively expensive.
  • Off-chain - Transactions on payment layers that connect to, but sit above the Bitcoin blockchain. These are known as Layer 2 transactions. An Example of a Layer 2 network is the Lightning Network. Lightning transactions are instant, low cost and suitable for small retail purchases, such as buying a cup of coffee.

Key:currency

  • currency:XBT=yes Bitcoin is accepted/dispensed.
  • currency:XBT=no Bitcoin is not accepted/dispensed.
  • currency:others=no Add this tag if all accepted/dispensed currencies have been added to the feature, all other currencies which have not been explicitly tagged are treated as "not accepted".

Please use currency:XBT=*. "XBT" is ISO 4217 compliant. Do not use currency:bitcoin=* or currency:BTC=*.


Key:payment

  • payment:onchain=yes Add this tag if Bitcoin on-chain payments are accepted.





For more examples, see our wiki page on Cryptocurrency.

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References

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