Stealth Payments Create Anonymous Bitcoin Transactions
Stealth payments are a technique for protecting the privacy of recipients in a Bitcoin Transaction. So-called "standard" transactions are pseudonymous. ECDSA key pairs abstract the identity of users. No mechanism exists to hide or encrypt standard transaction information in the block chain. With stealth payments the exception, full transaction history is available for every Bitcoin address. A service like Blockchain.info is able to calculate balances this way. Conceptualized for Bitcoin by Peter Todd, but first mentioned in ByteCoin, Stealth Transactions enable stealth payments. The data....
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Execoin (http://execoin.net), the fast ASIC-resistant crypto currency, proudly presents the first open-source Electrum wallet with stealth addresses technology! After months of intensive development, the Execoin team has released its own open-source implementation of stealth addresses technology based on the Electrum-EXE wallet (http://electrum-exe.org/stealth). Unlike proprietary closed-source stealth payment solutions currently available on the market, the Electrum-EXE code can be audited in order to make sure that there are no security vulnerabilities or intentional backdoors .....
Very often, Bitcoin enthusiasts have complained that the blockchain-based, decentralized cryptocurrency is not as anonymous as was initially thought to be. Hence, a significant percentage of them are resorting to highly unconventional methods to make Bitcoin transactions more anonymous. But in case, adopting such measures is not your thing, ShadowCash could prove to be the one-stop solution you have been looking for. Shadow has been built using Bitcoin's core principles of trustless decentralization and double-spend prevention to create the first truly anonymous, decentralized....
Execoin very recently launched their new lightweight wallet made with Electrum. The wallet supports a brand new feature of stealth transactions which gives users the option of privacy when receiving payments from other users. In addition to stealth payments, the new wallet also eliminates the need for making backups and is ready to be used within minutes of download as it connects to the blockchain remotely. Disclaimer: The Author has some holdings in Execoin. For security purposes, the wallet does not share privately generated keys with the server. I got a chance to do some testing with....
"So far, [bitcoin users have] had to pick between simplicity and privacy," bitcoin core developer Mike Hearn told CoinDesk. "Stealth addresses let us have our cake and eat it." Hearn's reaction echoes others who have seen the block chain improvements proposed in a new paper by noted bitcoin developer Peter Todd, based on input from: Gregory Maxwell, Adam Back and Amir Taaki. Released via SourceForge on 6th January, the paper details the creation of a stealth address: a new type of bitcoin address that is being heralded as "revolutionary" for its ability to allow more anonymous payments on....
If you didn’t know already, Vertcoin is an ASIC-resistant coin, one of the first coins I found out about andwrote about. Vertcoin with has been slowly dropping in market cap over the last few days, but that hasn’t discouraged the community with releases such as the Stealth Address, and now the POW change to Lyra2. Below is a short video explaining stealth addresses more in-depth. Vertcoin aims to be the cryptocurrency of choice for personal and business use. We were the first to offer Stealth Addresses protecting everyone’s right to privacy on the blockchain. We believe this to be a much....