Reusable ‘Payment Codes’ for Privacy: Coming to a Wallet Near You?
Bitcoin Improvement Proposal 47 — or BIP47 — allows wallets to offer “payment codes,” which act as stealth addresses masking the real Bitcoin address where various payments eventually land. Its protocol and specification have been written by developer and early Bitcoin adopter Justus Ranvier, who spoke with us about the wallets currently seeking to be....
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Electron Cash, a leading bitcoin cash wallet, has implemented a new feature called Reusable Payment Addresses. While still in its testing stages, this feature is a tool that can be leveraged to acquire a deeper level of privacy for your transactions, due to how it detaches public addresses from payment history, giving Bitcoin Cash some Monero-like capabilities. Reusable Payment Addresses: More Privacy for Your Transactions The developers of Electron Cash, one of the leading bitcoin cash wallets, have introduced Reusable Payment Addresses, a new privacy feature for the wallet. While it is....
Reusable payment codes, which can be used in place of bitcoin addresses to give transactions more privacy, just got more useful. Now there is a directory for payment codes, beta-launched last week by the Samourai Wallet developers. What is a Payment Code? The invention of the highly private bitcoin payment codes for Hierarchical Deterministic (HD)....
The Bitcoin Development Kit is planning to implement BIP47 which would allow users to receive via a static payment code and interact with more privacy.
Silent payments improve user privacy and are similar to stealth addresses and reusable payment codes, but actually save space on the Bitcoin blockchain.
Although one may assume that the demand for privacy in Bitcoin and other blockchain-based systems is coming from crypto-anarchists and libertarians, the reality is that a huge push for concealing transactions on the blockchain is coming from the traditional financial industry. During a recent cryptocurrency event at the Cato Institute, Zcash CEO and longtime cypherpunk Zooko Wilcox-O’Hearn made the point that banks, clearinghouses, payment processors and everyone else he’s talked to in the financial industry are the ones who are asking for more privacy on the blockchain. During a panel....