01Definition
A settlement design linking asset delivery to payment so one leg occurs only if the other does.
02Context
A settlement design linking asset delivery to payment so one leg occurs only if the other does. This coordinate is placed in the wider system through its protocol, economic and historical relationships.
03Why it matters
Understanding Delivery versus payment helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.
⌖Reference points
01
Linked to related atlas coordinates
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Grounded in a source record
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Explains function and trade-offs
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Part of the open Bitcoin knowledge graph