Trending

Stories

Reusable Payment Addresses: New Privacy Feature in Bitcoin Cash

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Babafemi Adebajo
Babafemi Adebajohttps://www.definitionsbyadebajo.com

Femi is a freelance content writer with adequate experience creating content for online and offline media across different niches including technology. When he is not writing, you can find him trying out new technology or reading.

Electron Cash, a popular bitcoin cash wallet, has recently added a new feature known as Reusable Payment Addresses. Although the newly added feature is still in its testing stages, it is a tool that can be used to achieve a stealth mode level of privacy for your transactions as a result of how it removes public addresses from payment history.

Reusable Payment Addresses: Your transactions are now more secured

While Reusable Payment Addresses remains in its testing stage, the developers of Electron Cash have ensured that the new feature’s functionality is there. Prior to this time, when a user gives a payment address to another user, it usually gives away the entire history of payments associated with that address, alongside the remaining balance. This has always posed a great problem to users who are privacy-concerned. Whether the user is a private individual or a company, everyone posts their address, they are exposing their entire financial information. 

Also Read

Reusable Payment Addresses aims to solve this problem by giving an alternative address, called “Paycode.” Paycodes are not the same as the conventional public addresses in that, they are not in any way directly associated with the history of the user, meaning that they can be shared with absolutely no worries. Paycodes also comes with other useful features like Cash Accounts, which allows users to enjoy both the privacy of Paycodes and the convenience of human-readable account names. 

Bitcoin cash is relentless in their quest for more privacy

With this latest addition, Bitcoin Cash is easily edging towards offering its users, some Monero-like capabilities. Reusable Payment Addresses are just another tool in Bitcoin Cash’s privacy arsenal that has been made available to their users. There remains the CashFusion, which obfuscates transactions by fusing coins, which also offers a comprehensive privacy-oriented suite for users who are privacy-concerned.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

For now, the Reusable Payment Addresses option is only available via the Electron Cash wallet because it’s still in the alpha stages, however, once it is sufficiently tested it could be implemented in any wallet because it is open-source code software. The generalization of this functionality would create an opt-in privacy feature that could be useful for companies like restaurants and any others that don’t want to reveal their payments flow, and for political and freedom activists all over the world. 

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
Google Pixel 4 and 4 XL Get Last Update WhatsApp Introduces 5 New Features For Status Updates OnePlus First-ever Tablet Launching in India Today ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King
Google Pixel 4 and 4 XL Get Last Update WhatsApp Introduces 5 New Features For Status Updates OnePlus First-ever Tablet Launching in India Today ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online