Silent Payments Improve Privacy Without the need of Bitcoin Details

Hear To The Episode Here:

In this episode of “Bitcoin, Spelled out,” hosts Aaron van Wirdum and Sjors Provoost welcome Ruben Somsen back again on the exhibit to communicate about his latest proposal for “silent payments.”

Silent payments resemble previously ideas like “stealth addresses” and “reusable payment codes,” in that they make it possible for consumers to publish a static deal with. While this is not the actual bitcoin tackle where they will be paid, senders of a transaction can use this static handle to crank out new bitcoin addresses for the receiver, for which the recipient — and only the recipient — can, in flip, generate the corresponding private keys.

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