Silent Payments Improve Privacy Without Adding Data To Bitcoin
Silent payments improve user privacy and are similar to stealth addresses and reusable payment codes, but actually save space on the Bitcoin blockchain.Listen To The Episode Here:AppleSpotifyGoogleLibsynOvercastIn 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....
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The Silent Payments proposal could help users make bitcoin transactions more privately, but how does it work and why do we need it?
By sharing a secret between a receiver and sender, then scanning the Bitcoin blockchain for the transaction, users gain more privacy thanks to a new proposal.
One issue with Bitcoin’s privacy, the ability to receive funds without giving up valuable information, is addressed with “silent payments.”
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