Silent Payments Improve Privacy Without Adding Data To Bitcoin Today

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Listen To The Episode Here:

In 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 be paid, senders of a transaction can use this static address to generate new bitcoin addresses for the recipient, for which the recipient — and only the recipient — can, in turn, generate the corresponding private keys.

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