indiecryptocoach on Nostr: PayNym is a cool feature to publicly share your #Bitcoin receiving information ...
PayNym is a cool feature to publicly share your #Bitcoin receiving information whithout revealing any addresses.
With SamouraiWallet
unfortunately offline, you can still use PayNym with Stackwallet
and SparrowWallet (see my "how to guide" 👇)
How does PayNym work?
Originating from Bitcoin Improvement Proposal 47 (BIP47), PayNym is designed to safeguard the privacy of Bitcoin addresses (and transactions).
It replaces traditional Bitcoin addresses with payment codes that act as permanent, reusable identifiers, concealing the actual addresses.
This feature enables users to publicly share their Bitcoin receiving details without disclosing their real Bitcoin addresses.
It cleverly maintains privacy by ensuring that the addresses involved in transactions are known only to the sender and receiver, with no visible connection between the publicly shared receiving information and the details recorded on the blockchain.
Cool stuff!
Read the full article and learn how to use it:
https://blog.yawaia.com/index.php?post/paynym-private-bitcoin-transactions
#bitcon #bitcoinnews #bitcoininvestment #bitcoinguru #privacy #financialfreedom #freedom
With SamouraiWallet
unfortunately offline, you can still use PayNym with Stackwallet
and SparrowWallet (see my "how to guide" 👇)
How does PayNym work?
Originating from Bitcoin Improvement Proposal 47 (BIP47), PayNym is designed to safeguard the privacy of Bitcoin addresses (and transactions).
It replaces traditional Bitcoin addresses with payment codes that act as permanent, reusable identifiers, concealing the actual addresses.
This feature enables users to publicly share their Bitcoin receiving details without disclosing their real Bitcoin addresses.
It cleverly maintains privacy by ensuring that the addresses involved in transactions are known only to the sender and receiver, with no visible connection between the publicly shared receiving information and the details recorded on the blockchain.
Cool stuff!
Read the full article and learn how to use it:
https://blog.yawaia.com/index.php?post/paynym-private-bitcoin-transactions
#bitcon #bitcoinnews #bitcoininvestment #bitcoinguru #privacy #financialfreedom #freedom