HOW SILENT PAYMENTS ARE BRINGING NEW PRIVACY PROTECTIONS TO BITCOIN

July 10, 2022
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One of the most basic keys to improving your privacy on Bitcoin has long been avoiding the re-use of addresses for multiple payments. But while doing so may seem simple these days, with most wallets automatically generating new addresses for each payment, what do you do when you need to simply accept payments repeatedly, from multiple people, or without complex infrastructure in place? 

This is where the concept of a “reusable payment code,” sometimes called a “Stealth Address,” comes into play, enabling simple static addresses to be used for repeat payments while preserving on-chain privacy by making it harder to link payments together.

WHY DOES BITCOIN NEED REUSABLE PAYMENT CODES?

While it is currently possible to use more complex infrastructure, like the payment processing system offered by BTCPay Server, to accept donations or payments without re-using addresses, the need to set up an entirely separate server alongside a Bitcoin node makes the more simple use cases for receiving payments far too complex for most people...

To read more visit Bitcoin magazine.

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The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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