Silent bills make stronger consumer privateness and are very similar to stealth addresses and reusable cost codes, however in fact save house at the Bitcoin blockchain.
Silent bills make stronger consumer privateness and are very similar to stealth addresses and reusable cost codes, however in fact save house at the Bitcoin blockchain.
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 fresh 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’ll 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 handiest the recipient — can, in flip, generate the corresponding personal keys.
Like stealth addresses and reusable cost codes, the advantage of silent bills is that addresses can also be posted publicly with out harming customers’ privateness; snoops can not hyperlink the publicly posted deal with to the real bitcoin addresses the place the recipient is paid. In the meantime, not like stealth addresses and reusable cost codes, silent bills don’t require any further blockchain knowledge — regardless that this does come at a computational value for the recipient.
The podcast episode main points this in kind of two portions. Within the first part of the episode, Somsen, van Wirdum and Provoost destroy down how silent bills paintings, and in the second one part of the episode, they talk about how silent bills evaluate to stealth addresses and reusable cost codes, in addition to some possible implementation problems.
Provoost made a a success silent cost at the Signet Bitcoin testnet, however silent bills aren’t in a position for mainnet use right now.
