Silent Payments Make Bitcoin More Private

Please fol­low and like us:
Pin Share

This is an opin­ion edi­to­r­i­al by Seth For Pri­va­cy, a pri­va­cy advo­cate and host of the “Opt Out Podcast.”

One of the most basic keys to improv­ing your pri­va­cy on Bit­coin has long been avoid­ing the re-use of address­es for mul­ti­ple pay­ments. But while doing so may seem sim­ple these days, with most wal­lets auto­mat­i­cal­ly gen­er­at­ing new address­es for each pay­ment, what do you do when you need to sim­ply accept pay­ments repeat­ed­ly, from mul­ti­ple peo­ple, or with­out com­plex infra­struc­ture in place? 

This is where the con­cept of a “reusable pay­ment code,” some­times called a “Stealth Address,” comes into play, enabling sim­ple sta­t­ic address­es to be used for repeat pay­ments while pre­serv­ing on-chain pri­va­cy by mak­ing it hard­er to link pay­ments together.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *