Episode 94: Silent Payments part 2

In this episode of Bitcoin, Explained, Aaron and Sjors welcome Ruben Somsen and Josie to the show to discuss BIP 352, their now-finalized Bitcoin Improvement Proposal for Silent Payments.

As previously discussed in episode 58, Silent Payments use a special type of addresses that allow senders to generate public keys for transaction recipients, in such a way that these recipients can in turn generate the associated private keys. This benefits privacy, as Bitcoin users can freely share a static address, without this resulting in address reuse on the Bitcoin blockchain.

Aaron, Sjors, Ruben and Josie recap how this works. and discuss some of the implementation details for the BIP, including how light clients can utilize Silent Payments, how these payments are made compatible with CoinJoin, and an extra feature called “labels”.

===

This episode’s sponsor: CoinKite, maker of the ColdCard.

Aaron’s Twitter: @AaronvanW Aaron’s Nostr: npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5

Sjors’ Twitter: @provoost Sjors’ Nostr: npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c

Ruben’s Twitter: @SomsenRuben

Josie’s Twitter: @josibake

If you’d like to sponsor the show, please email info at bitcoinexplainedpodcast.com. https://bitcoinexplainedpodcast.com/