IP Transactions

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Sending bitcoins to an IP address was a convenient way of sending bitcoins to a Bitcoin address along with additional information. To send Bitcoin transactions using IP, the following steps are used:

  • The sender contacts the IP address of the receiver's server to discover if there is a service running which is capable of accepting IP transactions
  • The sender's additional information ("from", "message", etc.) is exchanged with the server
  • The server generates a brand new Bitcoin address and sends it to the sender
  • A Bitcoin transaction is created and sent to the network in the normal way

IP transactions were disabled early in Bitcoin's history however the BSVAlias service marks the beginning of a return to enabling Bitcoin commerce using server infrastructure to manage receiving wallets for users.

Attribution

This content is based on content sourced from https://en.bitcoin.it/wiki/IP_transaction under Creative Commons Attribution 3.0. Although it may have been extensively revised and updated we acknowledge the original authors.

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