2 years ago
Silent payments amended idiosyncratic privateness and are akin to stealth addresses and reusable outgo codes, but really prevention abstraction connected the Bitcoin blockchain.
Listen To The Episode Here:
In this occurrence of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost invited Ruben Somsen backmost connected the amusement to speech astir his caller connection for “silent payments.”
Silent payments lucifer earlier ideas similar “stealth addresses” and “reusable outgo codes,” successful that they let users to people a static address. While this is not the existent bitcoin code wherever they volition beryllium paid, senders of a transaction tin usage this static code to make caller bitcoin addresses for the recipient, for which the recipient — and lone the recipient — can, successful turn, make the corresponding backstage keys.
Like stealth addresses and reusable outgo codes, the payment of soundless payments is that addresses tin beryllium posted publically without harming users’ privacy; snoops cannot nexus the publically posted code to the existent bitcoin addresses wherever the recipient is paid. Meanwhile, dissimilar stealth addresses and reusable outgo codes, soundless payments bash not necessitate immoderate further blockchain information — though this does travel astatine a computational outgo for the recipient.
The podcast occurrence details this successful astir 2 parts. In the archetypal fractional of the episode, Somsen, van Wirdum and Provoost interruption down however soundless payments work, and successful the 2nd fractional of the episode, they sermon however soundless payments comparison to stealth addresses and reusable outgo codes, arsenic good arsenic immoderate imaginable implementation issues.
Provoost made a palmy soundless outgo connected the Signet Bitcoin testnet, but soundless payments are not acceptable for mainnet usage astatine this time.
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