Pay attention To The Episode Right here:
On this episode of “Bitcoin, Defined,” hosts Aaron van Wirdum and Sjors Provoost welcome Ruben Somsen again at the display to speak about his contemporary proposal for “silent bills.”
Silent bills resemble previous concepts like “stealth addresses” and “reusable cost codes,” in that they permit customers to post a static deal with. Whilst this isn’t the real bitcoin deal with the place they’re going to be paid, senders of a transaction can use this static deal with to generate new bitcoin addresses for the recipient, for which the recipient — and best the recipient — can, in flip, generate the corresponding non-public keys.
Like stealth addresses and reusable cost codes, the advantage of silent bills is that addresses may also be posted publicly with out harming customers’ privateness; snoops can’t hyperlink the publicly posted deal with to the real bitcoin addresses the place the recipient is paid. In the meantime, in contrast to stealth addresses and reusable cost codes, silent bills don’t require any further blockchain information — even though this does come at a computational value for the recipient.
The podcast episode main points this in more or less two portions. Within the first part of the episode, Somsen, van Wirdum and Provoost spoil down how silent bills paintings, and in the second one part of the episode, they speak about how silent bills evaluate to stealth addresses and reusable cost codes, in addition to some doable implementation problems.
Provoost made a a hit silent cost at the Signet Bitcoin testnet, however silent bills aren’t in a position for mainnet use presently.
