Silent Payments Improve Privacy Without Bitcoin Data

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In this episode of “Bit­coin, Explained,” hosts Aaron van Wirdum and Sjors Provoost wel­come Ruben Som­sen back on the show to talk about his recent pro­pos­al for “silent payments.”

Silent pay­ments resem­ble ear­li­er ideas like “stealth address­es” and “reusable pay­ment codes,” in that they allow users to pub­lish a sta­t­ic address. While this is not the actu­al bit­coin address where they will be paid, senders of a trans­ac­tion can use this sta­t­ic address to gen­er­ate new bit­coin address­es for the recip­i­ent, for which the recip­i­ent — and only the recip­i­ent — can, in turn, gen­er­ate the cor­re­spond­ing pri­vate keys.

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