Reusable Payment Codes May Be the Solution to Onename's Privacy Concerns
The confusing, user-unfriendly format of Bitcoin addresses has turned off many possible new users in the past, but Onename has been working on a solution to this ease-of-use issue for quite some time. Although the ability to link a Bitcoin address to a Onename username has been available for a while now, a newly released API will allow bitcoin users to....
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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.
Though the Bitcoin protocol has been described as an elegant solution to problems that have long plagued both digital currencies and the traditional monetary system, aspects of its construction violate one of the central tenets of tech design: 'keep it simple, stupid' (often abbreviated to KISS). Arguably, nowhere is this more apparent than in the design of bitcoin addresses, strings of 27 to 34 alphanumeric characters that, while providing privacy and security, don't easily allow users to exchange payment information, except via sometimes cumbersome QR code technology. However, OneName is....
Silent payments improve user privacy and are similar to stealth addresses and reusable payment codes, but actually save space on the Bitcoin blockchain.
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....